“Forced Entrepreneurship” and Domain Names
There’s an interesting article in the New York Times today discussing how difficult economic conditions and a tough job market are forcing people to think about how they can make their own work. “Forced Entrepreneurship,” as it is referred to by Mark V. Cannice, (ED of the entrepreneurship program at the University of San Francisco), is where people figure out a way to make money from their own work.
One of the easiest ways for a person to do this is setting up a website and complementing it by using online social media venues like Twitter and Facebook. I’ve seen an uptick in domain offers, although they are mostly for brandable domain names owned by friends and colleagues. I believe this is a sign that many forced entrepreneurs are looking to build their unique brand online, and when they find their idea domain name is already registered, they are trying to buy it in the aftermarket.
I personally don’t really care to invest in brandable domain names, as I liken them to lottery tickets, but I think there is growing interest. With the job situation poor for several months and getting worse, many people are going to give up on their job searches, and some will try to build a business on a dream they may have had for years. I think this is going to lead to more domain sales and registrations.
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