Got rich with a click: three businessmen quick to jump on city domain names

Shared by JohnH
HatTip to DomainShane.com

"They said, '$30,000 for a Web site?'" Cahill recalled. "'What are you nuts? How are you going to make that back?'"

Cahill - who also owned Fdny.com but had to relinquish it to the city - decided to become a real estate agent. He said he's made $100,000 through the site from real estate transactions.

Now he's hoping to entice local businesses to advertise and islanders to post events. He's only gotten a few takers: a book author and a local band.

Queens.com is even more basic, devoid of any graphics with just a slew of links for retail stores, lawyers, even a company that rents out drag queens.

Fischer, 47, an Internet consultant, bought it a few years ago at auction for a price in "the mid-five figures."

For now, he and partner Ari Goldberger, 49, make money every time someone clicks on one of the links, but he plans to develop it further.

"It's an extremely strong name," said Fischer, who owns scores of domain names. "It's worth much more built out."

This was written by (author unknown). Posted on Monday, March 15, 2010, at 12:24 am. Filed under Feeder. Bookmark the permalink. Follow comments here with the RSS feed. Trackbacks are closed, but you can post a comment.

Domainerss