The United States experienced a massive land grab back in the mid-19th century. The Homestead Act allowed anyone to claim title to undeveloped land. All they had to do was file an application, make some improvements, and then file some more paperwork. The result? Over 1.6 million American families were awarded 270 million acres over a four-year period.
Today, it's next to impossible to get land for free, but a parallel phenomenon is happening in cyberspace. In the virtual world, domain names are equivalent to real estate. The right domain name can cause a new business to experience a meteoric rise, an existing business to experience a surge in sales and an increase in brand awareness, and private citizens to enjoy a measure of fame by claiming a domain that incorporates a widely searched term. Early adopters realized that businesses would pay for domain names, and bought up any and all .com, .net, and .org names they imagined could later be sold. These folks are the 21st century equivalent of land barons. Indeed, highly prized domain names can be sold for tens of thousands of dollars.
While some folks buy domain names to sell, others buy them to keep out the competition. When you think about it, it makes sense. If you had a business selling dog collars, for example, you would want to buy all available domain names with the words "dog collars." That way, potential future competitors would be hard pressed to find an easily searchable domain name pertaining to dog collars.
Here's the deal, though: most of the valuable virtual real estate is already taken - at least when it comes to .com, .net, and .org domains. That doesn't mean, however, that opportunities for money & employment in the realm of domains have vanished. Indeed, it's estimated that, in the next ten years, 500 million more domain names will be purchased. While no one knows exactly which extensions will rise to the top, those in the know are betting on the .ws extension, which stands for "website." Again, it makes sense when you think about it: who wouldn't want a website with "website" as the extension.
What does this mean for those who are looking for a home business opportunity, or for those who are seeking money & employment? It means that the virtual land grab is on! Forward-thinking people are getting in the game, and are buying .ws websites - whether for business use or as an investment that will pay off when companies and individuals decide that they want to own a certain URL with a .ws extension. Of course, many people are nabbing domain names for personal use as well. After all, who wouldn't want a fully customizable website and ten email addresses that feature his or her name?
This means that, with the right domain extension, it's easy to make money by referring people to the domain and making a commission on your referrals. Best of all, it doesn't require personal selling, it doesn't require an investment, and it doesn't require a long-term, ongoing commitment. Basically, you just need to point people to the domain and start collecting income. In the current economic climate, who couldn't use a new revenue stream and an easy-to-implement home business opportunity?
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About
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Chris Robertson is a published author of Majon
International. All Rights Reserved. Copyright 2010 (Wed Jul 08 2009)
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