In a story titled "The New Internet Start-Up Boom: Get Rich Slow", Time's Josh Quittner weighed in on the trend, writing, "The economy might be melting down like a pat of butter on a hot Hummer roof, but for some people — you, maybe? — this could be a very good thing.
Here's why. At no other time in recent history has it been easier or cheaper to start a new kind of company. Possibly a very profitable company. Let's call these start-ups LILOs, for "a little in, a lot out." These are Web-based businesses that cost almost nothing to get off the ground yet can turn into great moneymakers (if you work hard and are patient)."
As Time stated, the new new start-up companies have tight budgets so their impact is being felt at the lower end of the domain aftermarket. Those who deal in higher end names are not seeing the same kind of surge, though blockbuster sales have not gone away entirely. Case in point, RickLatona.com sold Webcam.com for $1,020,000 in an online auction that ended Sunday. We'll get a further reading on the high end of the market when both Latona and Moniker.com stage live auctions at the T.R.A.F.F.I.C. Silicon Valley conference later this month (April 27-30 in Santa Clara, California).
Read the entire article on Dnjournal here: http://www.dnjournal.com/archive/lowdown/2009/dailyposts/04-13-09.htm