If you buy a domain name for an amount as low as $2 or $20 (say) - a
domain name that is short, sweet, self - descriptive and has a
"marketing appeal" -
you can make a fortune by selling it latter. This is called "
Domain Name Speculation". According to Guinness World Records and MSNBC, the most expensive domain name sales on record as of 2004 were: -
* Business.com for
$7.5 million (Dec 1999) * AsSeenOnTv.com for
$5.1 million(Jan 2K)
* Altavista.com for
$3.3 million (Aug 1998) * Wine.com for
$2.9 million(Sep 1999)
* CreditCards.com for
$2.75 million (Jul 2004) * Autos.com for
$2.2 million(Dec 1999)
Keep it in mind that there are restrictions on domain trading and that it is different from Cybersquatting.
Cybersquatting can lead to legal disputes.