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Goldberger and Fischer declined to say how much money they make from pay-per-click advertising.Bob Parsons, CEO and founder of domain registration company Go Daddy.com, says this type of business is fairly straightforward."They make their money in two ways," Parsons said."It's pretty clear that registering a domain name that corresponds to somebody's trademark is actionable.
Words that allow them to own a category such as and cardiology.com, two of the domain names they bought at the auction.
At one point, represented 150 owners with about 150,000 domain names, generating 50 million unique visitors a month.
Most the sites are lucrative for their advertising dollars.
Domain Name Disputes and Transactions, and Trademark claims Read more In its meeting with the ICANN Board, the Government Advisory Committee (GAC) representatives Committee from around the world provided some highlights of the issues that may be from around the world Read more NEW YORK (AP) -- Inside a midtown hotel, Larry Fischer is on his cell phone with a financial backer as his partner Ari Goldberger does quick research on a laptop computer. Quick," Fischer barks at Eli, the investor at the end of the phone. Fischer and Goldberger up the ante, and then again. At the end of first quarter 2007, at least 128 million domain names had been registered worldwide, a 31 percent increase over the previous year, according to Veri Sign Inc., which runs some of the core domain name directories for the Internet."It's not about words," said Monte Cahn, founder and CEO of Moniker.com, a company that specializes in domain asset management and held the Manhattan auction. The auctions were held during a domain conference in June that attracts some of the biggest players in this niche business.
They are bidding furiously at this auction of Internet domain names, with hopes of snagging One name -- -- went for million but paled in comparison to the sale of sex.com, which sold for million last year, according to Cahn, who knew the site's buyer and seller.