Yes you did just read that!
I just read on the Times Online that the domain Housepricecrash.co.uk was bought back in 2005 when house prises kept on rising and few could see it falling. It may get slated or it may be seen as a good business decision. Either way it has 50,000 hits a day and revenue of £300,000 from advertising.
Business owners should always be looking at the flipside of their main business making money. This is the same for websites. What if people stopped coming to your website? Domain names are cheap. If you see sales falling at your primary website business then a small investment in some domain names to promote a cheaper alternative could see start another revenue stream.
If you sell luxury goods from your website then purchasing another domain and hosting and setting up a site selling cheap brands might be money well spent compared to spending the same money promoting a website service that customers are no longer able to afford.
You might think I am mad for telling you to use your money on another business rather than spending that money on website promotion. A service that makes me money! But if your other business starts generating revenue for you then you will need to promote it. And that's where I come in! Website promotion will still be needed.
So when you need to promote your new revenue stream you know where to come!
Website Promotion
website promotion