In the spring of 2001, the Internet address
Inbox.com was listed on eBay at $4,000 with no reserve. Now, in a clear
sign of the times, the auction ended without any bids or bidders. After the
auction, an astute DomainConsultant.com analyst emailed the seller and
offered him $2,000 for the name. The buyer accepted the offer.
Is the timing right? Like actual real estate, inventory lists have shown a
distinct rise in quality combined with a drop in pricing. If one could
conjure a symphony of elements to produce deals in the marketplace, this
would be the result, exemplified by offerings great and small. In short,
time to buy.So what is an individual investor to do? If money is not safe in banks --
where to put it? One possible answer, like in the early decade, is domain
names. For several, concrete reasons:Contact: Mike Fiol Email ContactDomainConsultant.com recently updated its market recommendation to
clientele from 'hold' to 'buy.' The change was made for many of the above
reasons and based in no small part in current crisis events. Unless it all
collapses, domains and the Internet are viewed as one of the most reliable
and secure 'safe harbors' -- if the name is quality, acquired at a proper
price.In response, DomainConsultant.com, a prominent collective of successful
"domainers," has altered its client recommendations to promote domain names
as an alternate hedge against a life-jacket economy, an option for a
desperate populace.DomainConsultant.com is a 'success collective' made up of the brightest and
best the industry has produced. For more information, visit www.DomainConsultant.com .Besides, the only other real and viable alternative may be to stick it
under your Serta, until the waters calm and the storm, hopefully, passes
without sweeping it away.People are moving money into no-interest T-Bills or simply holding tight to
their cash and hoping their bank stays afloat and, if not, the FDIC doesn't
crumble under the weight of its insurance pledge. Indeed, some are staring
at their mattresses as the last bastion of 'safety.'Add to Digg Bookmark with del.icio.us Add to NewsvineNow the key, of course, is to buy on the "low" side like Inbox.com. In down
cycle times like 2002, the opportunities and deals appear all around. After
all, those who survived the 'dot-com crash,' at present, make up a big
chunk of the upper echelon of the domain industry and largely because they
took advantage of the last, most recent 'crash.'M. Fiol is a long-time domain name holder, regular industry news
contributor and DomainConsultant.com analyst. He also owns and runs
HappyBirthday.com among others.Sixteen months later, that domain name was sold to an end-user for 150x its
initial cost or high six figures -- far more than you can fit in a
twin-size mattress.That is not to say that drops in domain value will not continue for a time
-- it is a natural devaluation based on economic conditions outside the
industry. Nor is it without risk -- cyber terrorism, fraud, spam and more
conspire to define the 'web' in WWW.
No, it is to say that once and if this all shakes out, people will notice
how the Internet weathered the storm and the idea of domains as 'investment
hedge,' a place to put your money for tough times, may grow.
Contact: Mike Fiol Email Contact
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