How to buy a domain name for your small business | All Things Cahill: "Secondary Market – names that are already registered but available for sale are often listed through the secondary market at sites like Buydomains.com. These “premium domains” are held by either domain investors, or currently owned by one of the registrars may have re-registered the name when the initial registration expired.
Domainer, or Domain Investor - a person or company who buys and sells domain names, treating them as investment properties. Domain names are analogous to real estate investments…but the real estate is on the Internet."
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