Domaining is basically buying and selling domains, a bit like stocks and shares. Sometimes you might make a site on the domain to get some traffic to further increase it’s value, other times you might just sell the domain for a profit.
With porn.com recently selling for $9million, domaining can be a lucrative thing to get into, but obviously getting your hands on a domain like that is not an easy thing to do. So is it worth it, well yeah. There are plenty of niches left to target, think a bit laterally, think about what’s happening in the future that may be worth a domain or two and don’t ignore domains like .org or .org.uk for instance. With all the popular .com and .net domains being bought up, it can be profitable to snap up the other domains too. Maybe not as profitable as a .com but hey, even if you make a small profit it’s worth it.
Sites like SEDO allow you to buy and sell domains, but it’s worth watching what sells and what doesn’t for a while to get an idea what words to go for.
I must add that I am no way near a proper domainer. I don’t buy and sell…. just buy at the moment, and I have a small collection of domains with not much happening on them, but maybe they will prove worth it later down the line.
Have a look at some of the domains I own at randomdomains.co.uk. I’m open to offers if you fancy any of them!
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http://www.acorndomains.co.uk is a great forum for UK domains Garry so worth adding to your bookmarks! I like sofaworker! and photographybasics.co.uk is another good one.