Help me! I've found a premium LLLL.tv that's just screaming for development.
My concerns are both philosophic and economic. On principle, I think the premium thing is a legal form of extortion created by eNom. From an economic perspective, that $500 could go a long way with some solid .coms. I just don't want to part with $500 per year, every year for a single domain.
Are we talking about a fully-fledged dictionary keyword or an acronym ? I would not bother with anything else than a dictionary word for .tv especially at that price. If you are confident you can make up the renewal fee go for it.
I agree on the extortion aspect of differential pricing, we have to put our money where our mouth is
Indeed it is a word and at this point since the wordtv.com is not available nor are any of the other useful TLDs for the wordtv.tld combos, I'm probable going to pass. I guess this is a testament to the terms popularity and appropriateness to .tv.
If any of you feel like you might want this name, PM me and I will let you know the term.
Here we go again with this extortion stuff.....its actually getting boring now.
Try getting the equivelent in a .com - how much would it cost you??
Take ACCOUNTANT.TV, I regged it a few days ago at $500 per year. How much do you think I would pay to get my hands on ACCOUNTANT.COM......
Anything under $750,000 and I would be very surprised.
Would you call that extortion?? A .com costs only $7 to register, how dare you charge me $750,000 for the oppurtunity to make millions from the keyword generic?????
The same needs to be applied to .TV. You are paying for the oppurtunity to exploit a keyword generic upfront. Now its either going to be $750,000 or with .TV in this case $500 a year.........to most people who wish they could have got in on . com knowing then what they know now, they see the value in paying the premium fee.....myself included........
So, understand that this is a market generated formula......if keyword generics were not worth the money, nobody would be buying them......
and you need to get your facts right about Enom, they did not create this formula, they inherited it from the .TV corporation, once they/DM were assigned management of the extension by Verisign......
It's not boring to me. I respectfully understand your commitment and investment in .tv. I, too, think it's a wonderful extension with lots of promise - far more than .mobi.
However, in .com, the value of a domain is set by the users and the aftermarket, not the registry. This was true with .tv (for the most part) up until about a year ago when eNom started hoarding most expired dictionary terms as "premiums", for later sale at inflated prices and reg fees (today).
This process circumvents the entire fair market drop / catch process in favor of eNom and becomes an premium annuity for the registry at their fixed prices.
It's apparent that we have opposing views of market economy.
Source there have been premium domains since the inception of the DOT TV corp Premium domains are not new. ENOM has nothing to do with it Verisign sets the pricing
Secondly people should look up the meaning of the word extortion from WIKIPEDIA
Extortion is a criminal offense, which occurs when a person either obtains money, property or services from another through coercion or intimidation or threatens one with physical harm unless they are paid money or property.
Who is coercing or threatening you ?
And anybody who thinks the drop process is fair Verisign/Snapnames/Pool that is hysterical IMO
I would also add that whilst its true that the aftermarket in domain names cannot be compared to the premium market of .tv in the strictest sense of the word, the principle of market economics is the same for both....
In the .com aftermarket (or any extension market for that matter) domains sell for where the market dictates the floor is for that name.
Now for premiums, whilst market economics has nothing to do with the pricing of the premiums it has everything to do with the acceptance of these premiums.....
So back to my example with ACCOUNTANT.TV....$500 a year is what the registry wanted for it...I thought that was fair value, I accepted the price... a market has now been established for that name......
Wow.TV at $50,000 a year IMO is way too much.....others agree...it has not been taken.....until it is taken, there will be no market in that name - until the name is lowered....by how much...?? The MARKET WILL DETERMINE!!
As I said earlier, there is a major philosophical difference between the true believers in the .tv market approach by eNom and what I believe to be right and fair in terms of market conditions, but that's just one mans opinion.
When I look at your signatures (AllThings and Equity) and statements, I know you guys are believers and I respect that, but the reality is that many of the names you own that you may have paid a premium price for, one could have acquired at reg fee in years past. But that is what it is.
Lastly, so you don't think I'm a hypocrite, I do own 14 .tvs - all of which I've acquired at reg fee. I am a firm believer in the future of .tv - it's the natural future of broadband internet. I just don't believe in controlling market conditions via limiting / delaying supply and inflated pricing.
If any of you is interested, Muse.tv is still available at $500 / yr. It certainly won't be regged by me.
That's my final 2 cents. Good luck to all of you .tvers.
Well first off none of the domains in my signature are premium domains they are all $24.99 regs
Since Tuvalu did a deal with their extension going back to 98 There were always premium .tv This is not new it always has been.
Verisign paid $45 million for the DOT TV corp in 02 I guess they did not believe that they would be able to make that back with $20 regs.
In addition they make quarterly payments of $550,000 to Tuvalu so obviously there is a premium pricing model for a reason. Which people can choose to participate in or not.
I do not believe you are a hypocrite either, I just think you are wrong and your examples you give to back up your arguments are invalid.
Many of the names that I paid a premium price for I could have got at reg fee in years past........AND???
Many .coms I could have bought for 50 bucks in years past aswell.....See what you would have paid for VODKA.COM in 1996 and what you would have paid for it in 2006.....I believe we know the answer to that question exactly.......
And as to your second point, I answered that one already....so I dont think there is anything to be gained from treading old ground.
You are right I am a believer, and so far things have started off paying nicely - both with my premium and none premium regges......
I wish you the very best of luck with your portfolio too.
Understand that your gripe with the system in place for .TV premium regging is not unique......but there is opportunity even in these circumstances.....many many people can bear testament to that already. And we have not even hit pay day yet....
