The price of property is going down faster than a Hells Kitchen whore when the fleet is in.
But get this, Money.co.uk just sold for a whopping £1.2 million, that’s $2.4 million in proper money and that’s for a Limey site. Who would have thought the Brits had that much cash?
It’s the largest amount of money anyone has paid for a .co.uk. What this tells me is that the domain boom is still on and it’s where the money is heading.
So here’s what you do. Go sell your ridiculous five bedroomed clone house in the suburbs of anonymous America and invest in some worthy domain names. Leave some cash over to go buy an Airstream trailer and go live in the desert, somewhere like Blythe, AZ.
Make sure you have a fast internet connection, dual monitor hook up, pull down the blinds, open the 5 litre Dr Pepper and the extra large bag of Doritos and get trading domains.
Now you don’t want to get any old domain, you need a domain that will go up in value. Got that? It has to increase in value, not decrease. It’s a simple concept a lot of people who invest online don’t seem to get.
Keep away from sites like, youstooopidjerkoff.com it’s highly doubtfull it’s going to make mucho cashola, unless of course you get hold the exclusive rights to the next Paris Hilton sex tape and use the domain to host the video, but even that has gone down in value. I guess Paris tends to go down a bit too much.
Of course the best domain to get is something like sex.com, porn still represents the biggest earner on the web, according to some sources it represents nearly 40% of data zooming around the web, you wont hear mainstream bloggers discussing this though. They are too busy jerking off to their iPhone.
Problem is, sex.com is worth more money than the GDP of most African countries, so being a porn king is out, the investment is way too high.
You need something in the middle, and possibly something you wont be ashamed to tell your Granny.
The great thing about Money.co.uk, as well as being cheaper than sex.com is that it has a ready made business attached to it. Instant earner, and a one word domain is only going to increase in value.
Was it too expensive at $2.4 million? Probably not, as it makes its money introducing people to new financial products, it may do well in a recession as people tend to swap their credit cards for better deals. The site gets money regardless of how the economy is doing.
Sure, you can’t live in a web domain or hang it on the wall, but view it more as virtual real estate and anyone in real estate knows that location matters.
When new stuff enters the social consciousness, like the term “credit crunch”, you can snap up a bargain if you’e fast enough. Keep your eyes peeled for new trends and you could be on to a nice little earner.
How do I know Money.co.uk sold for £1.2 mil? Simple. A little birdie told me. Now go sell your house and invest in domain names.
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