After all, now that I have a bit of start-up capital, my next step is to find/create a product to advertise and also to find someone to create an iPhone app. But the thing with the app is that only Registered App Developers are allowed to submit their code to the iStore. I am trying to avoid registering and furthermore, I have no knowledge of any of the coding languages.
This is a problem, because the developer submits the app, after placing their digital signature on it (as a way to ensure that the application has been designed by that individual, and to also ensure that someone is held accountable, if the app is in any way harmful to the end-user)
So now I placed those ideas on a back-burner, and instead am focusing on buying domain names at a cheap price, and selling them high.
Hence the idea of Domain Name Arbitrage. A domain name like MichaelJacksonsGlobalTribute.com can be registered for under $11 at www.godaddy.com and then later sold on eBay for well over $1,000!!!
Now with Michael Jackson it was all hype after his death, I almost wish that it was a big PR campaign, one that was never done before, one that crossed over the 'acceptable boundary' and one that finally brought MJ back to life. Because now everyone is interested in his last dance-move, his booked out (and now undelivered) concerts, and his new songs that he was supposed to play.
Anyway, I searched eBay to find the listings that were popular and more importantly those that sold (select 'completed auctions' in the advanced search section). I discovered that things to do with competitive markets (like insurance and mortgages), new products and trends were listed, but few were actually selling for a lot.
I then started searching instantdomainsearch.com for a list of available names that had to do with MJ, new products, cellphones and anything else that was upcoming.
I found that District 9 is coming out but their campaign is advertised as d-9. In fact, even their main website is www.d-9.com
So while district9movie was taken among with many of its variants, I was ecstatic to find and register
www.d-9movie.com
www.d9movie.com
(total cost about $22)
and also
www.mjwords.com
www.bestphone09.com
(total cost about $16)
NOTE: that you save $2.50 or so when you reach goDaddy through instantdomainsearch as they apply a coupon.
The first two I splurged on an additional Certified Domain Seal for $2.99 each per year. The last two I didn't. I discovered the difference when I opened my inbox. There was an additional email prompting me to verify that the email was indeed mine, and then a link to verify my phone number. (quite useless for my purposes, but check out my Domain Name Arbitrage post for more info)
For each I created a website on google's free host, and forwarded the domains to those sites, to allow potential buyers and easy way to contact me. They are:
http://sites.google.com/site/dist9mov/
http://sites.google.com/site/dis9movie/
http://sites.google.com/site/mjwordssite/
http://sites.google.com/site/bestphone09/
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