I was just checking out thedomains blog of Michael who is also into the new gTLDs and saw his latest article about Rick. Looks like the new gTLDs are getting more and more traction with serious domainers entering the arena
I think Rick always planned on buying gTLD's, just not 50,000.
He is the domain king after all.
Yes, remember flowers.mobi for $100k? Such a leader! Look, the guy was smart and lucky getting .com names before anyone knew WTF was going on back in the early or mid 90's. He caught a ride on the .com inflation train after that until the recession hit. Hallelujah Mammy! After that, it appears to me that he's grabbing at straws like the rest of us.
if you can afford to hold these new domains for 5-10 years before you can sell them for a good profit, good for you. you can't compare what rick did with .com to what happening now...at all. .com didn't hold ANYTHING back, there were NO such thing as premium renewals or anything like that. of course renewals cost more back then but these new registries have gamed the system in their favor, big time.
I don't know about you, I am not rich so I need sales to keep going.
Also cracks me up to always bring up .mobi into this. I believe .mobi did well for quite some people but it's now like comparing apples with oranges.
I was just checking out thedomains blog of Michael who is also into the new gTLDs and saw his latest article about Rick. Looks like the new gTLDs are getting more and more traction with serious domainers entering the arena
There are vast rain forests that most have never seen. Mountain ranges that go unknown to many.I think the high end dominers who were opposed to the new gTLD additions, have come to realize they are here to stay
I think there will be some success in the new gTLDs BUT with 1000 choices, even Rick has no idea which ones. If you hand reg a category killer domain in one of MANY extensions...YOU WILL MAKE MONEY. The problem is how many category killer domains can you reg in the $3-5k range? Rick and a couple dozens 'others', think nothing of dropping $100K and wait 5 years for a return. Can you do that?this means new gtlds are a great investment!
There are vast rain forests that most have never seen. Mountain ranges that go unknown to many.
Yes, these new extensions exist. That really means nothing if nobody knows where to find them!
Well they exist, that doesn't mean that they account for anything. After all, .mobi still exists. .tel still exists. And so many others. Nobody cares.I think the high end dominers who were opposed to the new gTLD additions, have come to realize they are here to stay so now they get there feet wet and are testing the waters..
The problem is that even if awareness comes, that means nothing to domainers. Why would people want to buy your domains when they have so much choice ?Lets talk in 5 years to see if people know about them. Remember that tv show from back in the day when they were discussing the internet and the camera man had to explain to the hosts and guests what the internet was?
Well they exist, that doesn't mean that they account for anything. After all, .mobi still exists. .tel still exists. And so many others. Nobody cares.
Besides, you need to be prepared to accept that some TLDs will fail and disappear.
The problem is that even if awareness comes, that means nothing to domainers. Why would people want to buy your domains when they have so much choice ?
If you want to make sales, you need to own good domains .com or strong ccTLDs because everybody knows these TLDs. On the other hand, there is no particular incentive for an end user to buy a domain on the aftermarket (or at an inflated regfee), when the TLD is not readily recognized and trusted by consumers. End user have plenty of options.
Seriously people ! You don't realize that the domain space is saturated. Even in .com the demand for aftermarket domains is very limited. The action is not happening in the new TLDs. Few sales are taking place, and the seller is almost always the registry. If you really have money to burn, you can still find a game where the odds are not stacked so much against you.
I know end users people in "whos who", who have bought gtlds or are affiliated with the companies planning to use gtlds and they LOVE them! " exact match business keyword names " .company, .management, .consulting, .finance etc etc!
I think that is a really good idea is do your homework on the gtlds before you reg. If you can find several good prospects to sell them to, you may have a winner.Cool, can you name a few and the sites. I like to see how they're being used.