Don't lose 20% of your nest egg each month: buy numeric domains

If you've lost money in the stock market, you did so because you didn't want to do the work of researching stocks and you gave that job to a company that screwed it up for you. And, worse, they even made a commission off your nest egg by losing you money!

What are you going to do now? Put your smaller nest egg in the hands of another complete idiot? No! You need to do the investment research yourself. You need to not be foolish ever again with your hard earned money. You need to do your homework.

So let me tell you in a nutshell about the profits that can be made in domaining. You ought to know that - first of all - the cost of a domain name is the annual registration, or about $9. That's your cost. Done. When you sell that domain privately, meaning without a broker or a third-party website (and many domainers sell privately), you keep all of the profits. You just need to pay taxes on that as business income/capital gains.

Second thing you should know: being a domainer is also about being forward-thinking. Since Jamptap is all about purely numeric domains, I'm going to tell you how to be forward thinking as a NuDom (numeric domainer). (There are tons of other blogs about non-numeric domaining.) Although two (i.e., 23.com), three, four and five digit dotcom numeric domains are all sold out, you may be able to find some good deals in the domain aftermarket (buying from individual domainers with or without using a broker).

To give you an idea of how hot three-digit domains are now, an auction at Sedo.com for 867.com ended yesterday (October 14) at 8,200 GBP or about $14,268. That's a huge profit if the seller bought it for $9 years ago! 867, in case you don't know, is a Canadian area code.

A very similar domain, 887.com, is now for sale, and was first listed on a domaining forum on October 11th. If you're interested, just type 887.com in Google.

If you want to grab numeric domains though that are only 9 bucks, meaning brand new from a domain registrar like GoDaddy, you should know this: there are literally thousands of six digit or more numeric domains that spell common words and brands that aren't bought yet. Go to a bunch of very new Web 2.0 social networking or e-commerce sites, then translate the brand to a wordnumber (what it spells in numbers on a keypad), and see if it's bought (using the free site domaintools.com).

There are several domainers that focus exclusively on this niche but they haven't bought all of the good ones -- this is where and how you can get in on the action.

Third thing to know: numeric domaining is a long-term play. Sit on the sidelines. Wait a few years. And if for some reason you lose, know that you haven't paid a commission to some investment idiot. You just lost a few $9 domain registrations.

Think about it. Read our blog. And go domaining!