In reality, a serious domainer is already doing this almost on a daily basis, simply because they rarely stop buying new names.

Can you register a $7 and strike it rich on a consistent basis? Probably not.

However, people like Rick, Sahar, Frank Schilling etc are buying domains at rates that most people (especially new to the industry) would find impossible to match.

Unless you happen to stumble upon a name that suddenly becomes popular for some external reason such as being popularised by a TV programme or new piece of technology etc., the route for many will have to be some kind of development, which is harder work than it might appear on first glance.

But, I know for certain that at least one person on your challenge list has already been there and done that, by teaching a relative and within 12 months, beat that $100K target, so it can be done.

I can’t remember the initial investment required though, but let’s face it, there is no point in spending $101,000 to make $100,000 is there?

The only way anyone is likely to take you up on it is if you had a matching “prize” to cover the overhead of such incremental and detailed documentation.

It might be a good idea to open it up to the public and get sponsors that would give a matching prize to the top three earners up to $100K each. (It’s not insane to think you could get a registrar and an after market player to get on board.)

You’d likely get some real-world press on an event like that (especially if any of the most notable players pledged to donate some or all of the prize to charity if they won). And Oh! Oh! I’ve got it!

You could also get a electronic book publisher to sponsor, publish and promote the winner’s new book on “How I won the Domain Challenge”. (More income for the winner!) And hey, why not make it an annual event with weekly website updates?

You might even convince eCorp Ventures that contributing DomainChallenge.com to the cause – and becoming a Lifetime Anchor Sponsor of the event in the process – is the best thing they could ever hope to do with their domain name. Then you’d really be looking good! (Uh no, I don’t know them.)

Anyway, add in some prizes of conference tickets, free annual website memberships, software or whatever else you can round up from sponsors for the fourth through tenth place prizes and you just might have something there!

Whew… I’m tired just thinking about it. Maybe we should think to get a DN Coalition together to plan and organize these kinds of things for the good of the industry. Whataya think?

Brian

Take the above examples, a LLL.com for only $1500! Opportunities like this are rare. Plus, domain names are finite. Hundreds of people can do click arbitrage for a niche but only one person can own the niche.com So even if a blueprint was made of how to be successful it would not be easy for the masses to follow.

Having said that, if a master domainer does take up the challenge I’ll watch with interest!!

I remember buying a domain for $85 at Namepros, made $100 parking it in 1 month and later sold it for $400. After that, I bought a few LLLL.com, including Vuyo.com for $50! You just need to hunt for them and keep on sending out offers.

Some deals that I have done…
1. Bought a 1 worded French domain for $300 and sold for more than $3,000 1 month later.
2. Bought a LLL.com for $1,500 and sold for $7,500 2 months later.
3. Bought ScubaDiving.net for only $500 and keeping it.
4. Bought some very good LLLL.com and developed them …check out
Saty.com : Women’s Lifestyle Portal.
PPCAd.com : PPC Advertising News Portal
Swapnames.com (But I think you know what happened to it
Zuho.com : Domain Swapping Marketplace.
5. Registered DNMojo.com, partially developed it and sold for $3,500 in 3 months.

All the money I have made has been reinvested in creating more value to the sites that I own. I have also hand-regg hundreds of domains from upcoming technologies, check them out at DNTip.com. I am not selling any of the domains unless they are crazy offers for them. Some of the hand-reggs are already churning some income in SEDO.

From my very short experience, I know hitting tens of thousands of dollars in virtual property, starting from a few hundred dollars is definitely achievable. Good luck to all!

Al.

I would like to give myself a $300 budget and see if I could make 5K in 12 months. That would be a challenge for a n00b like me!