This article has just been posted in The Sydney Morning Herald about Rick Schwartz and domain names in general.
I was also interviewed and had a few comments quoted in the article.
Here is a snippet from the story -
In Rick Schwartz’s thriving real-estate business there are no rising interest rates to fret over, no land taxes to deal with and foreclosures are few and far between.
Yet Schwartz rakes in millions of dollars in annual income from his 6000-odd properties and recently sold one for $US750,000 after buying it in 1997 for about $US100.
It sounds too good to be true but Schwartz, the self-appointed “domain king” and full-time trader of internet real estate, says he is shocked more people haven’t tapped into the rivers of gold flowing through the domain name trading business.
For the whole article click here
The domain name industry has been receiving a great deal more press within the last 12 months or so and it looks like 2008 will be no different. A sign of things to come in what I consider to be the best business & industry to be involved with.
I would like to thank Rick Schwartz for being the flag bearer all these years in particular the early days when everyone thought he was a bit crazy for spending money on domain names. He has had the last laugh on that subject!
I still think it is early days for the domain name industry and the best is yet to come. Bring it on I say!
January 29th, 2008 at 10:51 am
[...] Schwartz’s Rivers of Gold Story from The Sydney Morning Herald unknown wrote an interesting post today onHere’s a quick excerptI would like to thank Rick Schwartz [...]
January 29th, 2008 at 11:10 am
Congrats on the mention!
January 29th, 2008 at 11:21 am
Personally I think that what Rick Schwartz and others like him do is disgusting!!!
There are real business’ out there that need certain domain names but can’t register them because they are already registered via someone, like Rick, who has no intention of using the domain name other than to make a profit. Unfortunately for these business’ legal action to obtain the domain and the ridiculous prices that are being asked for them are not an option. I’m not sure what can be done about this here in Australia but I personally hope that legislation is brought in to stamp out this practise.
January 29th, 2008 at 12:51 pm
Congrats Ed. Nice piece
January 29th, 2008 at 2:40 pm
Terrific insights Ed, especially about cyber-squatting, which I had not heard of before.
Through the power vested in me (by me) I crown you:
“The AUSTRALIAN Domain King ”
January 29th, 2008 at 3:23 pm
Well done Ed… Its terrific to see and Aussie boy mixing it up with the rest of the world…
January 29th, 2008 at 11:51 pm
Holding onto a few domain names - wow thats is very clever - then I always knew you were the king of the internet. Enjoy the fame it can bring.
January 30th, 2008 at 7:05 am
[...] unknown wrote an interesting post today onHere’s a quick excerptThis article has just been posted in The Sydney Morning Herald about Rick Schwartz and domain names in general. I was also interviewed and had a few comments quoted in the article. Here is a snippet from the story - … [...]
January 31st, 2008 at 6:16 am
Rick Schwartz is not only a man of vision but a true inspiration to life.
Too many people sit back and watch the world whistle by, while visionaries like Rick are prepapred to take the necessary risks to SUCCEED.
Critics and doubters can say all they like but if humanity admires all the great inventors and visionaries the world has ever seen, why should we not BOW to this man.
The internet as we now know it has changed the world as we once knew it.
February 1st, 2008 at 12:14 am
Well done Ed. I had never really thought about domain names as “real estate” and will definitely have my thinking cap on for my industry from now on.
February 4th, 2008 at 4:58 pm
Well done, Ed. How odd that some people criticise people who use their brains, take a risk and put their money behind their ideas! Rick Schwartz, Ed and others like them are not stealing anybody’s trademarks or intellectual property. They are investing in what they think might be valuable in the future. This is no different than buying cheap land that nobody else sees potential in, and selling it at a profit in the future.