How I Speculate on “Future Trends”
Because my business model relies on quick flips, I don’t hand register too many names with the hopes of selling them in a few years. Most of my acquisitions are made to capitalize on current services, products, and sometimes trends. However, sometimes I do make purchases based on the potential for future value.
At the end of 2009, I learned that there were a few cities vying for the 2018 Winter Olympics. I did some research and found that Pyeongchang, South Korea was a leading candidate, so I investigated what domain names were available. I know the Winter Olympics aren’t nearly as popular as the Summer Olympics, but I also know that hosting them will almost certainly bring tourism.
Instead of registering Olympic-related domain names, which is what many newbies and rookies do, I hand registered a few names I thought might have value should Pyeongchang be named the host. This morning, Pyeongchang was named the host of the 2018 Olympic Games.
The domain names I was able to secure include:
I tried to buy Pyeongchang.com, but the asking price was too high. I also see PyeongchangHotels.com on Sedo, but I don’t wish to make a $1,000 minimum offer.
I don’t know if my domain names will see significant offers or just one offer, but it’s neat to speculate like this. I don’t think this is like playing the lottery because I did my research and knew that there was a good chance at least one of the names would have value if Pyeongchang was chosen.
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