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I never thought about buying and selling domain names on the internet how big a business that is well it has gotten enormous it’s turned into a two billion dollar industry and that number it is estimated could double in just the next couple of years every day about 90,000 names are purchased and you wouldn’t believe how much some of those names are going for Terry Keenan is here Terry I couldn’t risk teasing the young sex calm but I was shocked at how much somebody paid to have that domain name for their webs yeah I mean hundreds of thousands of dollars for these websites Danny we should have gotten into this business there’s a great land grab out there for these domain names and you may have seen the internet stocks Neil’s been talking about this the internet stocks are going through the roof well so is the bidding for all these different domain names it’s kind of a throwback to what happened in 1999 you may remember people were buying and selling these names for the similar amounts hundreds of thousands of dollars and then it really died down but now that the internet is very much for real and these are real businesses people are bidding up these domain names like crazy realizes how valuable they are okay now I have to find the answer to this it was twelve million dollars something like that for some yes but for yes but for other names you know even like mega yachts things that aren’t you know as sexy and sex calm they are still going for hundreds of thousands of dollars but you know the sky’s the limit on some of these names how long is something like this expected to last I mean I guess there’s in trading these names you know if you want Jane calm you can go online and find someone who’s probably taken your first name and you can you can bid for it and whatever the market will bear you know that’s what the price will be and if that’s a year from now somebody else wants Jane calm you can sell it for thirteen million dollars yeah right I mean it sounds like the dot-com is really where it’s at that it’s not the dot Nets the dot org things like that the people want people really want that calm name because you know when you go fishing on Google and looking for something you typically will put in calm so calm ISM is much more valuable and there are now a web name a domain name for every two Americans 128 million domain names that is amazed and they just in the same article I was reading that had sex calm for twelve million dollars I said something is simple you won’t even think about it credit check calm got three million they auction them off yeah well think how many times you know people want to check their credit you might just type that in and that’s what will come up on Google and therefore it’s very valuable all right we take it in the wrong business is here it’s screwed up those names you and I someday
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