How to Get Rich in the Fresh TLD Gold Rush (Part Two)
Six more ways to profit form fresh top level domain names.
This is the second in a two part post regarding ways you can make money from fresh top level domain names. See part one here.
7. Become a trademark lawyer
Startup Cost: Expensive
OK, this is really only an opportunity for existing intellectual property lawyers. If you play in the space you might want to hold your hat out as a domain name lawyer specializing in trademark protection. There will be plenty of business to go around in the coming years.
8. Start a brand protection firm
Startup Cost: Moderate
Although plenty of firms are by now voicing concern regarding brand protection with fresh top level domain names, only a modest fraction of firms are even aware of fresh TLDs yet. There will be a big opportunity to help them secure their brand names on the web, even if for merely defensive purposes. This includes second level registrations of fresh TLDs as well as perhaps getting their own .brand top level domain name.
9. Work for (or consult to) ICANN
Startup Cost: None
You won’t get rich working for ICANN (although they pay well). But there will be plenty of job security going forward.
You can expect the non-profit’s coffers to explode by regarding $100 million when the fresh TLD application round opens.
The biggest need will be for lawyers and compliance personnel. Some of this will undoubtedly be outsourced and there will be a great need for consultants.
10. Start a trademark clearinghouse/auction firm
Startup Cost: Moderate
Many fresh top level domain name operators will work hard to get trademarks into the hands of their rightful owners. Especially if they can profit from it.
There are very few firms out there that “get” this model as a service provider. Think trademark verification + auction house.
11. Start a domain name auction service
Startup Cost: High
Expect Sedo, NameJet, and SnapNames to make a mint off of fresh TLD auctions. Getting into this game won’t be easy since you have to create a market. But larger firms can certainly play ball.
12. Apply for a fresh TLD
Startup Cost: High
Wait — you mean these guys want to make money, too?
Although many fresh TLDs will fail, many will make their founders rich. It’s a costly game. It won’t be easy. There will be a lot of competition.
But a few savvy entrepreneurs will make a mint of it.
So there you have it…12 ways to make money from fresh TLDs. Feel free to add your own.
