Online Stock Trading - Alternative Investments - Miami.us Up for Sale by Auction at $15,000
Trading domain names is big business, not quite as big as online stock trading but nevertheless some names are sold for large sums of money - iReport.com was sold to CNN last year for $750,000. In these uncertain times trading domain names is another way that people make money on the internet. The domain name, Miami.us, is currently up for sale by auction at Sedo. Miami is of course a big name for a domain trader to own but the .us extension is not as valuable as the .com, (Miami.com is estimated at at least $2 million) the reserve price of $15,000 has been met, however, and the auction ends on Jan. 18 at 12:55 EST, so if you fancy buying Miami.us then go have a look at http://www.sedo.com/auction/detail/miami.us/47902_us__
The person who buys the name may decide to use it as a website or may just hold onto it and sell it on at a later dater for more than he paid for it. Domains can be interesting forms of alternative investment.
The Miami.com site is operated by the Miami Herald so they might be interested in acquiring the .us site, even if it is only to prevent a competitor from getting it.
US geo domains are generally valuable but other countries are valuable too. Dubai.info was sold recently for $35,000 and .infos are worth a lo tless than .coms.
The biggest domain name sales so far in 2009 have been NudeTube.com for $167,500, Basket.com for $88,000 and Saws.com for $52,000.
For an interesting article about a domain name millionaire see Make Money Online Selling Domain Names
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