One of the coolest things about owning a domain name is that you can get into just about any type of business your heart desires. Domain ownership breaks down some of the barriers of entry in an industry, and it allows you to jump right in feet first. You don’t necessarily need to sell product or services to be in a particular business, and you can make your own niche in the industry....
Of course you could do much more with a domain name than start a blog. You could build a directory site or e-commerce site with a little more work. By purchasing a domain name, you are buying a piece of land in the business district of your choice, and you can build whatever you would like. Is jewelry your thing? Why not set up shop on Jeweler’s Row on Sansom Street in Philadelphia? Want to work in the stock market? Why not buy a property on Wall Street? With domain ownership, you can virtually open a business anywhere you want!
Well said Elliot. Domain names offer tremendous potential for those willing to put the creative time and energy into domain name development. You can take a $10,000 domain name and turn it into a $100,000 business. You can establish trade mark rights in a domain name by using it as a brand to identify goods or services, thereby extending its value. Trademarks and service marks continue to increase in value as intangible property. Developing legitimate content, product sales ans services continues to grow in importance within the domainer community.
Many domainers are realizing that there is more to the business of domain names than resale. Using a domain name as business offer tremendous potential for ROI.
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