Domaining to be a $4 Billion Industry by 2010

With the recent sell of business.com for $350 million dollars, domaining has solidified itself as the new real estate of the 21st Century. Domaining is the business of buying and selling domains similar to real estate business people buying and selling property. Just recently, during a furious bid, partners Larry Fischer and Ari Goldberger purchased megayachts.com for $150,000.

Inside a midtown hotel, Larry Fischer is on his cell phone with a financial backer as his partner Ari Goldberger does quick research on a laptop computer and were ecstatic at the bargain and its potential value.

Currently, the domaining industry is at an estimated $2billion as people buy and sell domain names similar to stocks and property. When people type the generic names into their Web Browser's address field, many sites that generate pay per click advertising revenue appear. This direct navigation bypasses search engines.

Domainer Magazine's, managing partner, Jerry Nolte stated that the "industry is like the wild, wild West right now and people have no idea how fast it's growing."

Pundits and estimators believe that the industry's market will reach $4 Billion by 2010 as people and businesses continue to purchase about 90,000 domain names every day.

By April of 2007, more than 128 million domain names had been registered worldwide, which is a 31 percent increase over the previous year, according to VeriSign Inc., which runs some of the primary domain name directories for the Internet.