I have a lot of ideas for new blogs - an average of probably three a week.
What I’ve been doing for the last couple of months is buying domain names for the best of them and setting up blogs. I know this sounds nuts. Conventional wisdom has it that you should have one or two blogs at the most and work them until you are rich, famous or both.
The method to the madness is this (and it may yet prove to be madness!): there are people out there who buy under-developed blogs with good domain names and do great things with them. I want to spend $6.95 on a domain name, set up a blog, write a few posts, and sit on the domain name for a couple of years, then sell this unique fixer-upper opportunity to a blog renovator for more than I paid for it. If I market it correctly, maybe a lot more than I paid for it. At the rate that blogworthy domain names are being snapped up, this kind of active domaining could be worth thinking about.
Naturally, I’ve set up another blog (The Blog Collector) to track the progress of this experiment - I’m being open about what names I’m buying and why, which seems to be uncommon in the domaining world (and there are reasons for this, I guess).
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