Buying, Selling Domains Called $2 Billion Business
 

The transaction of Internet domain names along with corresponding pay-per-click advertising has translated into a $2 billion industry, according to the Associated Press. The market is expected to balloon to $4 billion by 2010.

Domain registration data from VeriSign backs up the Associated Press? claim. 128 million domain names were registered worldwide at the end of this year?s first quarter, which was a 31 percent increase from 2006. Domain buyers are purchasing names at a 90,000-per-day clip.

?It?s like real estate,? Monte Cahn, founder and CEO of Moniker.com, told the AP. ?This industry is only about a decade old. People looked at domain names as a commodity. It?s a piece of real estate on the web that can?t be replaced. It?s your stake in the ground, your stake in the Internet.?

Cahn and his company recently presided over a domain auction at the Internext Summer 2007 adult webmaster trade show that hauled in more than $725,000. LatinPussy.com was the biggest money earner, garnering $135,000.
Domain registrar Sedo.com said that Link to full story

The "domains are like internet real estate" quote is already getting on my nerves. Not that it isn't true, but it reminds me of the "MMA is human cockfighting" stock quote that EVERYONE uses...

Domains are awesome check out whoisinformation.net

GAWD! I wish that domaining trend would end. I'm having hard time registering domains I would actually use. I have no problem if the domain have "REAL" content but they just park it and resell it 1,000 times their actual value.

i feel your pain i was searching for a family name domain the other day. There are only about 20 of us left on a planet went back yesterday to register it someone scooped it up and now its a ppc page site and they want $1000 for it lol

Now its available how is this possible?