If you are on the outside looking in, then just know that it is by no means too late to start an online business and be successful. As a business model, investing in domains can be quite good, however you will find it to be different from anything else. You cannot put your hands on a domain name, or the site it may represent, and making your best educated guess about it is not used in too many other ways. Obviously there are unknowns with this process, but that is nothing new because there are unknowns in all business models. So we will talk about a couple of important items you should be aware of prior to slapping your cash down for a name.
While investing principles may vary, there are many investors who have no intention of letting their investments gather too much dust. It is not difficult to build an excellent type of content site that will be sufficiently attractive to any potential buyer. What you will be doing is increasing the value, and that will work well once you have traffic and perhaps a monetization model in place like Adsense. There really is no reason why you should not make the effort to increase the reselling value of your domains by developing a site around them. It does not matter, but if you have a good domain name it is smart to do a good job with building the site. Increasing all their relevant aspects of any site is worth it such as PR, page rank, traffic, backlinks, search engine position, etc. In that spirit, then you also should use the same methods for repurposing your content around the net for added exposure and traffic. This is just like developing real estate except obviously it is virtual real estate, but the principle of value building, or creating, is the same.
If you want to rush into it, the market will oblige as there is no shortage of domains to buy. If you are new, then realize there are domains and markets that appeal to you even if you do not yet know what they are. When you are operating from a game plan, then you will be less inclined to buy something you really do not want. You want to be doing this for as long as you like, and while you will make some mistakes you want to avoid the silly ones.
You may be surprised to know that your mental approach to investing in domain names will have a huge impact on your success. Yes, you can find people who buy a lot of domains, but most of them will not realize a high ROI.
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