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Anorak | Canadians Are Cashing In On The Tea Party.com

Canadians Are Cashing In On The Tea Party.com

by | 28th, September 2011

CANADIAN rockers The Tea Party might be  cashing in:

A sum of $1 million would put the musicians in elite company. Only a few dozen domain names have sold for that much or more, including sex.com ($13 million), vodka.com ($3 million), and poker.com ($1 million). The key to a big payday is marketing and timing. “Domain names are Internet real estate,” says Marc Ostrofsky, author of Get Rich Click! and an entrepreneur who bought Business.com for $150,000 in 1995 and sold it four years later for $7.5 million. “A good way to think about them is like tenants in a shopping mall. You’ve got your anchor tenants like Business.com and mutualfunds.com, and then you’ve got seasonal guys who come and go like teaparty.com.”

Will Mr Anroak.co.uk

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Posted: 28th, September 2011 | In: Technology Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink