Got home today to find a mound of mail in the front porch. As per usual there were several biz opps sales letters in there.

The one that stuck out though was an offer I haven’t seen before from Streetwise which they have called “The Profit Portal”.

At £497 + VAT it isn’t cheap but these courses always seem to sell well and Streetwise are known for offering a robust guarantee…

I was reading through the sales letter and trying to work out what exactly it is all about.

For a change there isn’t a lift letter from John Harrison – just a “Reservation Certificate” (order form), the letter itself and an envelope (not pre-paid).

Seeing that there isn’t an introduction letter with this sales pack I am assuming that this is probably one of the first mailings that they have done for this one.

I have been monitoring Streetwise’s mailings and they do seem to test different aspects of the sales process so if this is a good seller I would expect to see further offers of this product but with a different, improved sales approach.

Anyway, I went off on a tangent there.

Reading through this offer, it seems to be about “domaining” and making money from virtual real estate.

Bob Ryan, the person who is offering this particular package, writes a good story. He asks:

“How Rich Would YOU be if Property was
FREE and Tenants were GUARANTEED?”

Immediately you find yourself imagining that this is another property investing course i.e. buying and selling bricks and mortar but it turns out that it isn’t.

He talks about an “Underground Elite” who use a secret method to make “Fast Cash and Lump Sum Pay-Outs”

What it turns out to be is an opportunity to learn how to setup a business buying and selling domain names and also “parking” these domains for a monthly income.

Parking means that you put up an advertising page on your site and earn money each time someone visits your site and clicks on an advert.

It’s nothing new or particularly secret but it’s true that it is a business that is largely run by a small number of investors. Probably because not many people understand exactly what domaining involves or how it works.

What seems to be overlooked by a lot of people is that some domain names have been sold for amazing amounts of money.

Take “dictionary.com” – this sold for $100million just a few days ago. Of course, there was a whole business behind it but it started with the purchase of one little domain name – and domain names are currently available for about $8 (4 pounds) a year.

You won’t get a domain name like “poker.com” by just visiting GoDaddy. All dictionary words with a dot com extention were registered some time ago. However, you can still find gems by doing some research, for example a domain name with three keywords. You will simply have to take the time to research what keywords are likely to attract visitors.

The package on offer here is some software that Bob Ryan has developed that will make “income-generating websites” for you at the push of a button.

That would probably be a “parking page” – which you can get for free at http://www.sedo.com

There may be more to it but there may not.

Seems like this could just be a “newbie” package to tell you how to buy a domain name and put up adverts on it. You get traffic from people typing in your domain name by mistake whilst looking for related information.

It’ll be very interesting to hear more about this one but I’m not going to bite.

The product I recommend on the subject of “domaining” is Paul Gunter’s Domain Profit Guide: http://www.DomainProfitGuide.com which is ever-so-slightly cheaper.

However, if you do buy the Profit Portal opportunity please do let me know what you think…

Hope are having a nice week and looking forward to the weekend.

First thing I want to say is that I cannot go forward with the Trader Day meet that I mentioned in an email a couple of weeks ago.

Unfortunately the interest was low and I don’t think it will be worth your time to attend.

If I can get more interest in a meet then I will sort it out but for the moment I am afraid it is “on hold”

So, apologies for that…

Pat Adams Retirement Seminar:

Got a letter from someone who had been reading an article on BizOppsUK.com and this person wanted to correct me on a few things I have said there.

Can I just say that I am always happy to correct anything that I place on the site so if you do see an error, please let me know!

Back to Mr Adams, I have posted the comment on the blog so if you have had similar experiences to the mystery writer, please let me know:

Some Controversy About Pat Adams Retirement Seminar Package

Big, big opportunity:

Back in April I went to the Entrepreneur Weekend seminar in Birmingham and met lots of property investors and internet business owners.

It was really, really good and well worth the time and money to attend.

You can read more about the seminar here:

Entrepreneur Weekend Seminar – Birmingham – April 2007

As you will see, it is a work in progress or a “whip” as they used to say in the pizza factory I worked in when I was a student.

I’m half way through the Sunday write-up so please check back in a week or so and I should be further along.

Anyway, at this particular event were two young internet entrepreneurs called Paul and Andy. Their presentation was about “domaining” i.e. buying and selling domain names for profit.

As is pretty typical of me, when I find something I am really interested in it kind of takes over my life and I do a whole load of research.

This is a booming market so make sure to read the blog post I wrote detailing what I have found about domaining as a business:

Could This Be The Next Big Money Maker?

John Cummuta:

Finally, there’s a new review on the site here:

Transforming Debt Into Wealth by John Cummuta

Have a great weekend.

Thanks,

Ben

UPDATE:

Shortly after I sent out the above email, I got another email about the Pat Adams subject:

“This may sound uncanny, but since I mentioned to you about Pat Adams not sending me all the software etc and my website being taken down, he emailed me yesterday and said he will be sending me the software and will get my website put up online again. If this happens, then I have to take back what I said, but it has gone on over a long period of time that I have been waiting for the promised software. Having seen your article about this on your site, I will be interested to see if any of the others who attended his retirement day have had the same problems as me….keep up the good work.”

Interesting…

Back in April I travelled to Birmingham to attend the Entrepreneur Weekend seminar.

It was a great weekend and I came away with a load of extremely interesting ideas, a couple of which I have been working on for the past month or so (check out the link above for a write-up).

Possibly the most enlightening presentation was given by Paul Gunter and Andy Shorten.

These two UK entrepreneurs explained how they make great profits from the booming domain name market.

Basically they buy and sell domain names for huge mark-ups.

After I got back from the seminar, I went and bought their manual – The Domain Profit Guide.

They’ve written this how-to guide to show exactly how they manage to bring in a five figure monthly income by buying and selling domains.

So, I read it and discovered that this is a huge market, which is growing bigger by the day.

For example, did you know that all dot com domains with only 3 letters (known as “LLL.coms” meaning letter, letter, letter) were snapped up years ago?

You cannot simply pop over to GoDaddy and register one of these names. If you want an LLL.com, you need to find someone who is willing to sell theirs and then haggle with them over the cost.

And, as I write this, the rock-bottom minimum price for an LLL.com is around $4,500 or so. If you can find one for less than that, snap it up immediately!

Another type of domain name category is the LLLL.com – meaning 4 letters with a dot com extention. You can still register an LLLL.com domain but your choice is rather limited.

It is believed that out of the possible 456,976 combinations of LLLL.coms, there are around 6% left or just under 30,000. And the available amount is decreasing day by day.

So, when it comes to the point that there are no 4 letter dot com domains left to register, do you think they will increase in value?

After all, back in around 1999-2000 it was still possible to register a 3 letter dot com domain for a few dollars and these are now worth between $4,500 and a seven figure fee. Once all the 4 letter ones are gone, we could see a steady rise in their value.

I’m going to come back to domaining in the future because it is a very fascinating subject. People are making a great living simply from selling the rights to register a domain name!

Personally I have registered 95 domains since the 2nd May when I started “domaining” and I am not stopping yet 🙂

So, my advice is: don’t get left behind on this one. It’s still early days and you have time to get involved.

Like any investment, domain values can go up and down but they aren’t making any more dot coms – they can’t!

If you want to learn more about domaining, I highly recommend Andy and Paul’s book, click on the link below to grab a copy:

The Domain Profit Guide