Domain Investing For The u18s

[GingerApple]

Hey all, first post!

I didn't find a forum about 'Legal' and this is newbie questions, so I guess it goes in here?

Background information, I'm only 16 and was wondering what laws there are surrounding domain purchasing, and selling, in the UK. I already have a website and domain name, but thats in my Dad's name. Would it be legal for me to buy a domain name with a debit card and have it put in my name, for me to sell on for profit?

Thanks in advance, Will.

P.S I've found a nice domain name on eBay UK so if anyone has any tips for me about buying domain names on eBay that would be much appreciated aswell!

 

[retired_member25]

You can buy and sell domain names if you're under 18 but your Dad would have to sign the nominet transfer form when you sell.

I'd do alot of reading and researching on this forum before you start buying domains as it's increasingly difficult for newcomers to make money in the domain market without initial capital.

Good luck and don't waste your money!

 

[GingerApple]

Thank you James, that was most helpful. I don't plan to go big on this, I just want to do it with one domain.

Could you recommend any tutorials that may be suitable for a complete beginner in domain 'investing' to start out?

Thanks again

 

[accelerator]

Could you recommend any tutorials that may be suitable for a complete beginner in domain 'investing' to start out?

Try some of these resources:

NameNewbie.com
http://www.namenewbie.com/
Beginner's guide to domain name trading and making money from domain names.

Domain Name Journal
http://www.dnjournal.com/
Domain name industry news magazine.

detagged.co.uk
http://www.detagged.co.uk
Specialists in obtaining detagged .co.uk domain names.

Internet Goldrush
http://www.igoldrush.com/
Domain name news and information.

Domain Name Registration Resources in the Yahoo! Directory
http://dir.yahoo.com/Computers_and_Internet/Internet/Domain_Name_Registration/
Domain name resources from Yahoo!.

DomainPrices.co.uk
http://www.domainprices.co.uk/
Lists all publically known domain name sales prices for .co.uk domain names.

DomainBlog.co.uk
http://www.domainblog.co.uk/
The latest news and discussion in the world of domain names.

Internet Archive Wayback Machine
http://www.archive.org/web/web.php
Allows you to see what content used to be under a particular domain name.

DN Sale Price
http://www.dnsaleprice.com/
A searchable database of domain name sales with the aim of being the largest and most accurate repository of domain name sale information.

Domain Tools
http://www.domaintools.com/
A selection of domain name tools.

Drops.co.uk
A subscription service providing a list of UK domain names that were once registered but have recently "dropped", i.e. are available for registration again.

Rgds

 

[ratboy]

Thank you James, that was most helpful. I don't plan to go big on this, I just want to do it with one domain.

Could you recommend any tutorials that may be suitable for a complete beginner in domain 'investing' to start out?

Thanks again

You can't beat reading this forum inside out - I learnt what I know (not much mind you :??? by doing that. Best of luck with it.

 

[GingerApple]

Thanks a lot guys, I'm still reading through the first link of that post up there ^ and it's very interesting

Maybe my find wasn't as good as I thought it was, as its a .co.uk

 

[diablo]

I'm 15 and have been domaining since I was 12 without any problems. Some domains I have in my Dad's name, but some in my own and it isn't a problem because the Nominet forms just require a guardian's signature when I sell.

I think I'm the youngest acorn member, but might be wrong. My 10 year old sister has domains too so I'm not the youngest I know!

 

[rob]

Age can be a legal issue, however there are ways to work inside the law as an under 18 etc.

I do not see age as a barrier (old or young) with regards to the internet so good luck with domaining

 

[monaghan]

As long as your parents are happy with supporting you, then there's no reason why you can't run a business, however, don't forget that you also need to get out and experience the real world while you are young

 

[GingerApple]

Thanks guys, very supportive :t

As I said, I'm not planning on going into this on a huge scale so I will definitely get out and about still! Who knows, with extra money floating around for me, I might get even further out!

 

[monaghan]

Don't forget that you need to post any good name here first so that the regulars have 1st chance to get it, we can't allow newbies to get good domains

 

[GingerApple]

Ok, fine. There's three of them I'm interested in:

www.nicetry.co.uk
www.goodjoke.co.uk
www.thisconversationisgoingofftopic.co.uk

 

[retired_member25]

Ok, fine. There's three of them I'm interested in:

www.nicetry.co.uk
www.goodjoke.co.uk
www.thisconversationisgoingofftopic.co.uk

haha it took me a moment to realise you weren't being serious

 

[pugyrob]

Thanks guys, very supportive :t

As I said, I'm not planning on going into this on a huge scale so I will definitely get out and about still! Who knows, with extra money floating around for me, I might get even further out!

Nice answer made me chuckle

 

[renamecor]

Made me chuckle out loud too, you can definitely stay with a dry sense of homour like that - cool.

Some great info up there.