Many people have bought up most of the best domain names knowing that eventually you would come looking for them. This is perfectly legal and encouraged in the capitalistic society that we live in today. After all, you are reading this to find out how you can set-up a profitable business on a good domain on the Internet.  

        Unfortunately, you may have to pay the price for a good piece of real estate in Dotcom.  

        In the last section we discussed what a fair price was to pay for a domain name from a registrar. Now you have to forget all of that. Once a domain has been registered, it instantly obtains fair market value. That means whatever they can squeeze out of you or your competition.

        It is just like the real estate market. As a matter of fact, most are viewing domain names as Internet real estate today. You buy a piece of property where you know that a mall is going to be built in the near future and hold onto it until the contractors approach you to buy it. You hold out until you think that you are going to get all you can out of it and then sell. That is what is coming to the Internet in the near future.

        There are currently several places that are auctioning domain names and probably many more that will pop up in the year to come. At this time there is one site that is fairly well built for both the buyer and the seller, Afternic.com, but there are many others out there. Here is a list of the sites I have found so far. If I have missed any, let me know.

Afternic.com

Ebay.com

ShoutLoud.com

        As you browse these sites, you may find the same names listed in many different places.  Don't let that worry you.  One name can be listed many places. 

        But for those who are listing, be warned!!  Read the terms and conditions of listing on each site.  I found one site by the name of SolutionHome.com that states in their terms that you do not have the right to list your name with any other service while listing with them and you are bound with them for 6 months.  You are also bound by their contract that if you sell your name anywhere else, you still owe them their percentage or fee based on the selling price.  They have many other terms you should be aware of.  Hire a lawyer to tell you what they mean if you cannot interpret the terms yourself.  If you have already listed with them, I suggest you wait until your 6 months of time is up with them before you try to sell elsewhere.

        Being heavily invested in the domain market myself, I will try to help buyers to beat the prices down to a reasonable price for that name you want and sellers to drive the price up.  I will only do this because you have paid well for this information.  Just hope that your opponent has not read this book.  Read on to further chapters for that bit of advice.

        For now I am just pointing you in the right direction to do your shopping or listing.