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Entrepreneurs seize chance for quick profit

Quick witted entrepreneurs are snapping up bargain price potential financial services internet addresses which could net them a fortune.


They are picking up internet addresses, known as domain names, for as little as £45, aiming to sell them on to financial services companies and make huge profits.


IFA Square Mile managing director Chris Dixon claims he is sitting on a fortune having had offers for $10m for his stakeholderpensions.co.uk address.


But firms slow on the uptake are missing out on registering their obvious address names and are likely to be charged a heavy price to obtain the rights to them.


Key in IFA network Burns Anderson as burnsanderson.com, for example, and the web-page reverts to RGM Support, a company selling domain names which has also registered best-ifa.com and ISA2000.com. BA&#39s actual web address is burns-anderson.co.uk.


Dixon says: &#34We bought the stakeholder sites two years ago and have already had offers for $10m. Some companies are going to have to scratch for the scraps if they don&#39t hurry up.&#34


FTC consultant Ian McKenna says: &#34Anyone who wants a presence on the internet should secure there domain name as a matter of urgency otherwise they will find it got nicked months ago.&#34


Network DBS has made sure it has registered its full name to make sure no one else gets their first. It has registered a domain address of dbsfinancialmanagement.plc.uk.


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