Anything like domaining?

[theinvestor]

I know that in other games that unless someone is reported as being a bot ...that is the only time they investigate...usually this can take up to a month. So usually it's worth the money. Anyway, i think this is a very unclassy way of making money and it shouldn't be compared with domaining.

 

[Vinternatt]

Yep, nothin' replace domainin' fellas

 

[katherine]

I have yet to find an industry that is more rewarding than domaining.
The returns you can get in this industry are just too hard to beat

 

[fab]

I have heard some people making a living off of EBay, selling their garbage and what have you. Seems too creative for me.

 

[NetworkMsia]

how about the share market ?

 

[thevirtual]

I have heard some people making a living off of EBay, selling their garbage and what have you. Seems too creative for me.

How can you make a living selling stuff you have around the house. I can see how some people make a little money selling their stuff on ebay but not making a living. It seems people only bid on the dirt cheap stuff so there is very slim profits and ebay fees are high. The only people I see making decent money on ebay are volume sellers.

 

[jasdon11]

How can you make a living selling stuff you have around the house. I can see how some people make a little money selling their stuff on ebay but not making a living. It seems people only bid on the dirt cheap stuff so there is very slim profits and ebay fees are high. The only people I see making decent money on ebay are volume sellers.

There are a few people making decent money on Ebay by cornering a niche - buying from the people just getting rid of stuff who don't know it's true worth and just want to get rid, and selling on in a more professional way. Some people have built up a good customer list for niche products - remember you only need two people to want it, and prices can rocket.

But the Ebay thing is pretty well known now, quite mainstream.

how about the share market ?

Again, it's mainstream. What I'm interested in is something that is only being done by a relatively small group of people 'in the know'. Something with low barriers to entry, good returns, preferrably global....there's got to be plenty of things out there....

 

[Reece]

You can make some pretty good money with Second Life.

There's a few millionaires and many people making very comfortable work-from-home wages playing it. The best thing is that unlike most games, it's not frowned upon to buy/sell game currency or anything you make/receive in the game.

Another idea -- Hire some college students to collect items in MMORPG's for you and sell what they get. Take it a step further and outsource this to developing nations. I've heard a few people make some good coin running Indian/Chinese "MMORPG sweatshops".

If you like domaining, why not get into the business of buying up patents instead of domains? A whole lot of money involved in that (possibly more than domaining even).

There are a few people making decent money on Ebay by cornering a niche - buying from the people just getting rid of stuff who don't know it's true worth and just want to get rid, and selling on in a more professional way. Some people have built up a good customer list for niche products - remember you only need two people to want it, and prices can rocket.

But the Ebay thing is pretty well known now, quite mainstream.



Again, it's mainstream. What I'm interested in is something that is only being done by a relatively small group of people 'in the know'. Something with low barriers to entry, good returns, preferrably global....there's got to be plenty of things out there....

 

[Poker]

Again, it's mainstream. What I'm interested in is something that is only being done by a relatively small group of people 'in the know'. Something with low barriers to entry, good returns, preferrably global....there's got to be plenty of things out there....

In early stages monster industries may have low barriers to entry, but very seldom if ever, will they have good returns. Huge potential for great returns yes, but few people recognize this potential instead seeing only the risk in some form or other.

 

[draggar]

I have heard some people making a living off of EBay, selling their garbage and what have you. Seems too creative for me.

That's hard to get into but can be done. You scour the internet for deals and bargains, even freebies. Many stores have clearances in one area but not another.

So, you build up a small inventory of cheaply bought items and then sell it on eBay for a good profit. Sell it for less than retail but enough to make a cut for yourself.

If you're looking at a way to get rich quickly and easily, unless you are very lucky you'd be better of buying lottery tickets. Most of these "schemes" take a lot of work and take time to build up.

 

[Reece]

I've heard some people make good money selling Apple products on eBay. Because Apple rips people off so much on RAM, people buy Apple computers with the stock configuration, purchase the RAM from elsewhere, then put them up on eBay, showing a picture of how much the system would cost ordered factory direct from Apple.

That's hard to get into but can be done. You scour the internet for deals and bargains, even freebies. Many stores have clearances in one area but not another.

So, you build up a small inventory of cheaply bought items and then sell it on eBay for a good profit. Sell it for less than retail but enough to make a cut for yourself.

 

[fab]

I don't know if this related, but a friend of mine would like me to help him with making an investment group based upon the book, "The Little Book That Beats the Market", by Joel Greenblatt,

simple & sweet, but long term

The system is called magic formula investing, and it's here:
http://www.magicformulainvesting.com/

 

[jasdon11]

In early stages monster industries may have low barriers to entry, but very seldom if ever, will they have good returns. Huge potential for great returns yes, but few people recognize this potential instead seeing only the risk in some form or other.

Precisely!

Just like domaining - the guys with the vision to buy the best names (and stand the renewals and hold the names) several years ago, are at the top of the heap.

So this gives us some focus - what we are looking for, is probably attachted to a new technology; not a new technology in itself, but something that the technology relies upon. Some examples of this are;

Internet - domains
Cars - fuel
Mobile phones - batteries (actually, airtime is a better example)

While the majority of people are concerning themselves with the primary item, there are (initially) quiet fortunes to be made in the secondary items.

I can see that selling gold with MMORPGs and so on, is similar, but there is too much wrong with it - one of which is the dubious legality, another the potential shelf life, and yet another is that the games are not reliant on it.

This is a good discussion, lets keep the ideas flowing...

 

[DomainMagnate]

loads.. affiliate marking, site development, seo, real estate, investments..

 

[intellect]

interesting thread guys. had the same notion that virtual services will be a huge future trend. keep the ideas flowing.

 

[GAMEFINEST]

I did comic books for while, bought tons for 3.50 and resold them for around 40.00 a pop, that was couple of years ago on ebay, I made a good amount on them, became a powerseller while doing it til it slowed down...but i prefer domaining..

 

[jasdon11]

If you like domaining, why not get into the business of buying up patents instead of domains? A whole lot of money involved in that (possibly more than domaining even).

I jointly owned a patent (a system of producing microwavable food stuffs) - developed with a partner. My partner and I had issues and so I sold my share to him.

Patents are exceptionally complex and fragile - potential upside is very good.

Not something I'd want to be involved in again.

 

[bgmv]

I jointly owned a patent (a system of producing microwavable food stuffs) - developed with a partner. My partner and I had issues and so I sold my share to him.

Patents are exceptionally complex and fragile - potential upside is very good.

Not something I'd want to be involved in again.

This is very true. I just met with a lawyer to get a design patent the other day. Cost: $15000. I dont know how much it costs in UK but here you need money to make money, there is barely any industry wherein you can enter w/o a good amount of cash. Unless, you are starting your own business.

 

[jasdon11]

This is very true. I just met with a lawyer to get a design patent the other day. Cost: $15000. I dont know how much it costs in UK but here you need money to make money, there is barely any industry wherein you can enter w/o a good amount of cash. Unless, you are starting your own business.

Cost us £42k to get granted in the UK, US, EU.

Get the lawyer tied down to a watertight contract - know exactly what you're getting for your dough...

 

[HomerJ]

Precisely!

Just like domaining - the guys with the vision to buy the best names (and stand the renewals and hold the names) several years ago, are at the top of the heap.

So this gives us some focus - what we are looking for, is probably attachted to a new technology; not a new technology in itself, but something that the technology relies upon. Some examples of this are;

Internet - domains
Cars - fuel
Mobile phones - batteries (actually, airtime is a better example)

While the majority of people are concerning themselves with the primary item, there are (initially) quiet fortunes to be made in the secondary items.

I can see that selling gold with MMORPGs and so on, is similar, but there is too much wrong with it - one of which is the dubious legality, another the potential shelf life, and yet another is that the games are not reliant on it.

This is a good discussion, lets keep the ideas flowing...

We can look at new technology but we can also look at what are the global trends driving new technology.

1. Ecology/sustainability - everything is going green
2. Mobility - everything is going wireless
3. Consolidated - devices are getting more multi-purposed (your PC will be your TV will be your PC. Play games, check emails, watch porn, make calls from your mobile device. etc etc.)
4. Information - always increasing, and better ability to store and transfer it
5. Power - more developing countries, more people, need more power

Besides just the properties you named such as low barrier to entry, etc, lets formulate a better understanding of what the core of the domain business is, fundamentally, in a nutshell, and maybe we can discover where that same opportunity exists in other areas.