Parking Till the Time is Right
Domain name assets are soaring which is good news for those individuals who advocate parking a site is the road to riches. In March 2009 Business Wire announced that the company, Live Current Media, a business that owns in way over 800 domain names, has been selling off a few its domain names, once already making $five hundred,000 from the sale of a previous domain name. Parking a domain, when you ultimately rake in half 1,000,000 bucks, is clearly worth the little annual parking fee. The newest two sales netted $1.65 million greenbacks therefore, if parking a site for a little whereas till the time is right to sell will internet you a lot of than $two million, then it’s clearly something we should all be doing.
Domain Names are an Investment
Sales of non-essential domain names are clearly a successful management strategy for this company. This maintains a positive cash-flow during the worst of the recession, enabling Live Current Media to continue to control on while not having to resort to dipping into their shareholdings. It’s clearly an efficient strategy and one that other massive firms are probably making without creating a song and dance regarding their domain name sales. Not all domain parking, however, is for hanging onto a website till it reaches a suitable value to sell. An important ingredient to the success of any domain portfolio is parking a domain.
The domain name, ‘megayachts.com’ that was purchased for $a hundred and fifty,000 – solely to be used as an advertising site with links pointing towards different yachting companies. Parking a domain is clearly smart for business, whether or not you use the ability for parking a website and anticipating the value of your domain to rise or whether or not you’re taking advantage of the complete domain parking facilities and use your registered domain for advertising purposes.
Business Model
The law associated with domain names has become clearer currently the industry has aged a touch a lot of: after all, in terms of longevity, this trade extremely is only regarding 10 years previous – despite one or two individuals who recognized the advantages to parking a site as abundant as 20 years’ ago: the previous owner of ‘pizza.com’, Chris Clark, who recently sold this domain name for £1.3 million [British pounds not dollars]. The rough rule, in terms of the law, is to not infringe somebody’s trademark and avoid cybersquatting.
As with any business model, there is a lifespan: all businesses have their prime time before technology overtakes their usefulness and parking a site then making money from it – either from advertising or from future domain sales – is no different to any other business models. A heap of this industry’s current popularity lies in the concept of direct navigation. Once that becomes replaced by something a lot of economical or a lot of effective the lucrative industry of parking a site and waiting for money to roll in from advertising might preferably be a thing of the past: it remains to be seen.
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