Over at GarryConn.com there has been a flood of comments on his post about Domain Names. It is very interesting to see how others regard buying domain names. While most of us are not rich, buying Domain Names is one of the easiest and cheapest investments you can make online. For less than $10 you can register a Domain Name for a year. If you break that down it comes to less than 3 cents a day!
I have gone through waves when it comes to buying Domain Names. At times I have gotten on a binge and purchased several at a time. But the best practice I have found is to have a plan. Each month I take $10 to $50 of my online income and reinvest it in Domain Names. I also try to launch 1 new site each month with one of these names. I no longer worry about Domain Names I have purchased but not activated. The worst case scenario is I wasted $10 over a year.
If I purchase 24 domain names in a year at $10 each I have only invested $240. So all I need to double my money is to earn $460 over a year on just one of them.
Do you have a plan?