I've been really sad of late about the large number of small businesses web sites which have failed in the last few years.
Small business is about building equity. I had assumed that businesses will building equity in their web site. But, since I had contempt for the domain speculation process, I never investigated to see if this concept was true.
Anyway, I've been exploring the concept of buying and selling domains.
Last week, I successfully sold the domain PriceHelper.com through the Bido.com auction service. I moved the contents of the domain to the subdomain carbon.UtahColor.com.
Being a silly person, I decided to buy a domain. This way I would experience both sides of the auction process.
Anyway, I decided that I would buy a domain. I searched through several hundred domain names that were on sale and bought the domain BaitShop.US.
I chose this domain because I have affiliate relations with some wonderful small angling web sites. So, I put up a one page affiliate web site. I plan on waiting a year, then putting the auction up for sale again.
Anyway, I am finding this game of buying a web site with the purpose of reselling it at a later date to be quite informative. There is a very interesting rhythm to the auction and domain transfer process.
Although I have no intention of going into domaining as a profession, I think it valuable for people interested in web development to engage in the process simply to investigate if the concept of building equity in a web site holds true.