Thread: Young Entrepreneurs: Top 25 Teenage Millionaires

Young Entrepreneurs: Top 25 Teenage Millionaires
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Regards
Danish K.

I'm sure it wasn't "easy" for these teenagers, and it's great that their hard work and dedication paid off. Hopefully, it will inspire many others to pursue their ideas and talents!

One of them is a domainer - Matt Wegrzyn. You can read an interview of him at:

Matt Wegrzyn - Interview with a Young Entrepreneur and a Domainer - Young Entrepreneurs Making Money Online

What advice would you give someone who wants to make money online Domaining?

Well I think the important part here is to first pick out a niche that the
domainer is interested in. I was interested in the forum niche, since I
was going to actually build forum websites.

Then after you pick out your niche, study recent sales of domain names in
that niche. They don't have to be something like "games.com" if your niche
is "Video Games". But maybe something like AvidGamer.com, or
Xbox360Gaming.com, etc. And then once you figure out the value of these
types of domain names, it is time to find good deals out there for them.
You can find perfect deals on the forums such as Namepros.com and
Dnforum.com, or even on Ebay.com or Sedo.com.

Then when you get it, post it for sale everywhere - TalkFreelance.com,
SitePoint, NamePros, DigitalPoint forums, Dnforum, etc. And keep bumping
the thread, or creating a new one once every maybe 5 days to keep it
fresh. Try different time of day. Some users only go on in the evening
after work, while other users may go on only during work. Many times users
such as developers, gamers, and geeks may search these forums for domains
to buy at night since that's when they are active. So really - try
everything.

And what I noticed once was, the domains that are hard to sell, never sold
in day time. But at night, sometimes I got the sales for my BIN price.

Xbox360Gaming.com

you can't use trademarked domains.