Making Money on the Easy - Buying and Selling Web Domains
May 23rd, 2007 | Published in Business and Entrepreneurship, Media, Web 2.0
As a blogger and budding web entrepreneur, this is one story I can’t overlook: a medical doctor that made some $300 million doing nothing but selling and manipulating domain names. How possible?
According to CNN Money:
“The man at the top of this little-known hierarchy is [tag]Kevin Ham[/tag] — one of a handful of major-league “[tag]domainers[/tag]” in the world and arguably the shrewdest and most ambitious of the lot. Even in a field filled with unusual career paths, Ham’s stands out.
Trained as a family doctor, he put off medicine after discovering the riches of the Web. Since 2000 he has quietly cobbled together a portfolio of some 300,000 domains that, combined with several other ventures, generate an estimated $70 million a year in revenue. (Like all his financial details, Ham would neither confirm nor deny this figure.)”
