(DollarCrawler – Wingham, On) You have all probably read the headlines of million-dollar domain name sales, and wish those times were back again so you could take advantage of it. Those times never went away, and are going be even better in North America.
So, how can you make money before legalization? The most affordable way is to register domain names you think will be in demand due to the upcoming marijuana legalization in US, Mexico and Canada. The holder of Marijuana.com will see their net worth jump by several million as each country legalizes marijuana, and would likely set a world record if auctioned off after all three countries legalize marijuana.
If you can predict what domain names will be in demand in this upcoming fledgling marijuana industry, you could make $10,000+ per domain. Domain values will be greatly influenced by the rules of legalization in each country, so it is a gamble. For example, if you register a domain that is only suitable for mail-order marijuana, and no country allows mail-order weed, that domain will be worth very little. Domains that are memorable, brandable, and suitable for any marijuana business will be worth the most.
There will be million-dollar marijuana related domain names in the next few years, that have not yet been registered. Marijuana related companies will be raising funds, doing IPOs, and setting hundreds of millions of dollars aside for advertising and branding in the first few years of legalization. Million-dollar domain sales generate tens of millions of free publicity that shrewd business people dream of taking advantage of.
If marijuana related businesses are allowed to advertise in Canada, .ca domains will soar in value and tv, newspapers, billboards and magazines will have a new advertiser base to help save and revitalize their industries. If Canada doesn’t allow advertising, .com marijuana domain names will likely remain the most valuable.
Remember, EVERY new marijuana based business will need a domain name to compete, appear legitimate, and it will be the cornerstone of their branding. Go to you favorite domain name registrar and see if your domain name ideas are available. Don’t kick yourself a few years from now when you see your domain name idea selling for $100,000 from someone that beat you to the registrar.