What is Domaining??

Well this was a question I had asked of me at my latest family reunion this last weekend. Now I consider myself a domainer and well getting this question from my grandparents would normally would be an easy question to answer. For some reason I had a mental block and tried to choose my wording wisely to make the most sense to them as they are not technology inclined etc.

I first started off by explaining that domains are in essence online property that you can lease for 1-10 years at a time. You never own the property but have complete control of the domain for the amount of time you pay for the domain. As my grandparents seem to own land all over the united states they semi understood the concept. I then explained that just like land you have premium priced land and then you have bargain land e.g. risky investments.

A typical domainer starts off by finding some domains that they believe can be sold off for a profit. Now if the domainer is starting after 2005 then usually all registrations are under the “risky investments” category. I further explained that a domainer leases a few domains and then holds them for a little while putting up a parked page or mini-site of some sort to make a residual income to pay for the leasing of the domain. After some time the domainer then finds he wants to sell the domain “land” for a nice profit and puts the domain{s} up for sale.

Domaining in the best terms as I could explain to my grandparents is finding that piece of land that come 5 or 10 years a huge business wants to build on and pay you big money for owning the land. My grandparents then became very interested in this concept and we went into further detail on this and much more and now I have 2 more investment backers!

I guess the moral of this story is to elaborate on what exactly domaining is and to find out a way we can incorporate more people in our little niche circle of domainers. I have found that speaking with the older generations they have no clue nor inclination to learn about the business. If you speak with them and break the business down into terms they understand most are very interested and want to learn more……

So just for the record lets get the older generations involved in our little niche as they have wisdom and wits that my younger generation could only dream of having these days. I mean lets share the wealth and show the older generation what the future holds in the domaining world! The sky is still the limit and will be that way for years to come….Until next time keep educating more people on our business and watch us all prosper nicely!

Cheers

Usual Cliche