What is the easiest way to make money? The answer obviously is by not working at all.
Tuvalu is a nation that consists of nine Polynesian Islands scattered over one million square kilometers of Pacific Ocean to the North East of Australia that makes money simply because of its name and can aptly be called the luckiest country in the world.
A tiny country that you possibly might never had heard of was so poor after its independence on October 1, 1978 that it could not even become a member of the United Nations because it could not afford the membership fee of $20,000.
Now .tv is an interesting domain for obvious reasons and many entrepreneurs queued in line to do business with the isolated country. Jason Chapnik, a Canadian businessman, realised the potential too and managed to clinch a deal.
In 1999, Chapnik walked into the Tuvalu parliament and announced his intention to buy the top-level domain of the country. But following negations, the parliament decided to form a new company with Chapnik called DotTV based in Pasadena, California and get a stake of 20% in the company along with a payment of $50 million.
It also facilitated the country to build infrastructure such as roadways and power on the islands. Schools too are being built. Further, it also enabled the government to provide the students with scholarships.
Tuvalu presently earns roughly about $1.2 million in royalties per year which constitutes around 10% of its GDP.
Meanwhile, Tuvalu is not the only country that is cashing from the luck of having a domain; there are others in the race like Turkmenistan (.tm), Tonga (.to), and Micronesia (.fm).
But of course, no one can beat Tuvalu’s .tv.