Yesterday, Business Insider published an extensive article on Rick Schwartz and his life’s passion: Domain names.
Read MoreAs a wandering salesman, Rick Schwartz got involved with the 1-800 number industry, buying and selling vanity numbers that spelled out, such as 1-800-Make-Out and 1-800-Sir-Love...
Read MoreIt'd only cost $100 to register a domain, but initially the service I used to register them with didn't actually have a way to pay them. So, in a sense, they were my angel investors; by the time they wanted payment, I'd already registered 1,000 domains and was a self-funding business.
Very early on, I registered dick.com. The way I'd make money was essentially renting the website out and linking it to someone selling a product, then I'd earn a commission...