Chapter
Making Money with Domain Squatters
26:38 - 29:23 (02:44)
The first people to sell new domain names made a lot of money and then squatters started buying up names, but over time it has become a consistent money maker like an annuity.
Clips
The early days of selling internet domain names saw huge profits, with the first new names selling for up to $50 each and selling over 100,000 in the first year.
26:38 - 28:38 (01:59)
Internet Domain Names
Summary
The early days of selling internet domain names saw huge profits, with the first new names selling for up to $50 each and selling over 100,000 in the first year. This led to many investors buying up domain names and holding onto them like an annuity.
ChapterMaking Money with Domain Squatters
Episode#18 - The Big Business of Wacky Domains
PodcastMy First Million
The speaker talks about how he always wanted to be a businessman and his first foray into business.
28:38 - 29:23 (00:45)
Entrepreneurship
Summary
The speaker talks about how he always wanted to be a businessman and his first foray into business. He briefly mentions his previous consulting job and other random businesses he started.