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The Booming Virtual Real Estate Business

October 8, 2008

 

The virtual real estate or domain name business is clearly having a lot of takers ever since the days when domain names like ‘Business.com’ were sold for a hefty $150,000 (1997 price). Today, names like ‘Bookmarks.com’ and ‘Diamond.com’ sell for a cool $300,000 and $7 Million each.

Auctions similar to the one held earlier in the year in the ballroom of the Renaissance by DomainFest, have avid executives, giant corporates and even small businesses vying with one another to purchase names that will gain them massive profits in terms of online marketing in U.A.E. and higher search engine placement.

There are some who even ‘flip’ names just like regular real estate investors. ‘Flipping’ in regular real estate refers to houses or plots that were bought for a certain amount, held for a while and then re-sold for a higher amount at a later time. Domain names have been known to have been re-sold for a profit of around a million dollars if not more.

In August 2006, there were an estimated 92,615,362 websites known to populate the Internet. The chances of a domain name that suits your business not existing on the Internet are slim, emphasizing the lucrative potential of a business in domain name real estate.

At our SEO company in Dubai we specialize in online marketing in U.A.E. and Dubai web development via search engine promotion services. Get in touch with us for more information on how your website can be optimized to reflect your business, both online and offline.

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One Comment leave one →
  1. October 8, 2008 6:44 pm

    Hello, yes I agree with you 100%. I recently bought a domain name, a cheap on that was still available, but a really good one with one word that has to do with your topic is virtually done unless you want to pay a very high amount for it. Its a great business to get into if you were one of the first ones.

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