I thought I would reprint a comment I made on another blog which related the current domain name industry to the days of the California Gold rush.While the sellers of picks and shovels in those days made a lot more than most gold prospectors the opportunities offered today in domaining allow prospectors to carry off big chunks of gold and to sell shovels and picks. In fact if you go buy yourself a real cheap domain name at www.spiderduck.com you can start mining gold immediately. If you need a hand prospecting then you are welcome to drop back here regularly or to join us at www.domainsbankers.com

Anyway here is the reprint which sets it all out:
“An interesting perspective – how about combining the gold with the picks and shovels. I was interested firstly with the word GOLD as it has skyrocketed in value (I doubt though that the picks or shovels have gone up in price at all. More likely they have gone down in price.).

Then I was interested to see where the train went with people on computers and doing business on the internet – as the internet really is a pot of GOLD. And Domains Investing is the ultimate straight to the vein way to make money on the internet – by selling the internet picks, shovels and pots of Gold.
Just look at Domain Names! You can buy TLDs (Top Level Domains) for under $10 – and then resell for $50, $600, $3,000, $30,000, $160,000, $1million, $3million, $10million.
These are the prices names have been reselling for over the past couple of years. Last year CreditCard.com ws resold twice – first for $1million and then resold again for $3million (A nice quick profit). This year sale of Fund.com completed for just under $10million. And most people have heard by now that Sex.com and Porn.com were sold for millions too.

Bottom line though is – a Domain Name is first like a Pick and Shovel: You can make money with it daily using it as part of your business, generating revenue – either for the products you sell or just using it as an advertising device to promote other peoples products.
But the real Gold in Domain Names is being able to resell them for margins eclipsing what gold and forex have done in the last 2 years. The average resale value of Domain Names now is $600. So the potential ROI (return on Investment) is around 6000%. Now if that is not enough try calculating the ROI for Domains selling for hundreds of thousands and millions of dollars.

Maybe having realised that you need a chair to sit in – or likely a bed to have a lay down. But don’t sleep for too long. Now it is the time to get in to the Domains business. You can get your own pick and shovel, sell picks and shovels to others, and also mine pots of gold. Why wait?
http://www.domainsbankers.com”