discuss Can .VIP Gain Brand Traction in 2017

botlawyer said:

In my opinion, there are thousands of business, in hundreds of spaces, that would hugely benefit from brands built on a dot-VIP domain name.

- There are 1.2 billion indexed items on Google with "VIP"
- Areas such as travel, events, music, fashion, and personal care are ripe for using a dot-VIP domain name
- China is going to massively embrace quality dot-VIP domain names (see the great presentation by Simon Cousins posted on the Allegravita site)

Thoughts?

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we have had better strings that didn't do well sales wise so I don't see why VIP should be any different.

Most of the regs and hype is coming from China. That means if you want to profit from it you need to buy domains for the Chinese market not English language domains.

If you don't speak Chinese and/or understand the local market not sure if a good idea to buy Chinese domains.

Otherwise without the Chinese regs it is probably not a terrible extension performance-wise but certainly as great as the current hype would suggest. At least from the perspective of a western domain buyer.

That being said, maybe brands could benefit from this but why this one and not the many other good ones
that we have?

Basically I think the logical flaw is that western people think it may be a good investment because it is special in China. Western people however need to buy domains for western end-users or learn Chinese.

As Warren Buffet, the world's greatest investor said, you need to stay within your circle of competence.

http://www.businessinsider.com/the-circle-of-competence-theory-2013-12?IR=T

It does not matter how great it is in Asia if Europeans/American buyers don't agree.

botlawyer said:

In my opinion, there are thousands of business, in hundreds of spaces, that would hugely benefit from brands built on a dot-VIP domain name.

- There are 1.2 billion indexed items on Google with "VIP"
- Areas such as travel, events, music, fashion, and personal care are ripe for using a dot-VIP domain name
- China is going to massively embrace quality dot-VIP domain names (see the great presentation by Simon Cousins posted on the Allegravita site)

Thoughts?

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Short answer: No.

Long Answer: No.

botlawyer said:

In my opinion, there are thousands of business, in hundreds of spaces, that would hugely benefit from brands built on a dot-VIP domain name.

- There are 1.2 billion indexed items on Google with "VIP"
- Areas such as travel, events, music, fashion, and personal care are ripe for using a dot-VIP domain name
- China is going to massively embrace quality dot-VIP domain names (see the great presentation by Simon Cousins posted on the Allegravita site)

Thoughts?

Click to expand...

.VIP is one of the most trending domain, see it here, details about TLD itself see here. It is only 4 months old, since it first went go GA in Jun 2016. Still, there are already more then 400 k registrations. Seems like at the moment China is well ahead of West, but I think western countries will catch up. There is almost no general awareness of this TLD among end users, because it is still so young. In my opinion it represents perfect investment opportunity at the moment, as I am sure lot of end users (and I mean now western, not only Chinese) will want to use .VIP for their operations in future. .VIP is very universal, no GEO restrictions whatsoever. Companies can use this extension for any operation which delivers (or at least promises to deliver) premium (VIP) treatment/services for its customers.

In addition, almost everybody in western countries recognize this acronym. In China, it has slightly different meaning, rather then "very important person", it means "welcomed guess" as we can learn from the video.

I believe that in future, .VIP will be one of the most successful new gTLDs (together with .ONLINE, .BLOG and .WEB), because all those 4 extensions are so universal (although each carry a slightly different meaning, .VIP - premium services, .ONLINE - online, .BLOG - blogging, and.WEB - is really universal).

So it is nice we discuss it here. Fact is, however, that as of today, all good keywords you can imagine are already registered by domainers/investors (or are now commanding high premium fees from registry)..so it is little bit late to this party

I don't think it is universal at all. The VIP niche is broad in the sense that it covers many industries but it is still rather limited in it's usage. It doesn't make sense with most keywords or even most products.

This is a much a generic extension as .best is one. :Best is actually more generic I would say. .online or .site is generic.

The fact that China has more regs has nothing to do with being ahead IMO. It's being bought in China for reasons that don't apply to the west. It's not that they are buying it for the same reasons the West does just earlier.

The reasons might not even be positive e.g Chinese newcomers have been very vulnerable to hype and pump schemes and willing to burn a lot of money for domains with questionable prospects.

botlawyer said:

In my opinion, there are thousands of business, in hundreds of spaces, that would hugely benefit from brands built on a dot-VIP domain name.

- There are 1.2 billion indexed items on Google with "VIP"
- Areas such as travel, events, music, fashion, and personal care are ripe for using a dot-VIP domain name
- China is going to massively embrace quality dot-VIP domain names (see the great presentation by Simon Cousins posted on the Allegravita site)

Thoughts?

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Absolutely! Love em. You see "VIP" acronym around people's neck, badges and IDs. And it's been used before .com, net and org.

ZapNano said:

Absolutely! Love em. You see "VIP" acronym around people's neck, badges and IDs. And it's been used before .com, net and org.

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horses have been used long before .com too but that doesn't make .horse a good investment.

@dordomai, my gosh do you live in a farm. I see you love animals, that's great. But for God sake, .VIP and .horse has zero near comparison.
How old are you?

ZapNano said:

@dordomai, my gosh do you live in a farm. I see you love animals, that's great. But for God sake, .VIP and .horse has zero near comparison.
How old are you?

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of course it can not be compared. What I wanted to say is that the fact that a word has been used long before .com doesn't mean anything and does not make it a better investment, Almost all words are older than .com

.VIP has long making money already, before it became an extension. The .com was never made money before it became an extension. Educational Opportunity for you; thanks ZapNano.

Yes they all carry different meanings.which is why you should use a .com. Restricting your brand image to a narrow meaning only damages your business. It's all about the subconscious, triggering actions in consumers without them even knowing you did it.

These TLDs have universal meaning too: .info .pro .travel .jobs .museum .photo .online .club etc
Is it a good idea to invest in them then ?

Kate said:

These TLDs have universal meaning too: .info .pro .travel .jobs .museum .photo .online .club etc
Is it a good idea to invest in them then ?

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I agree on universal meaning, but each of them refers to specific sector/niche, .VIP too. Therefore there is an intrinsic boundary for these extensions. So market could appreciate them or... maybe not!!

Anybody invests in nTLD must be aware of the volatility inherent in these extensions.

dordomai said:

I don't think it is universal at all. The VIP niche is broad in the sense that it covers many industries but it is still rather limited in it's usage. It doesn't make sense with most keywords or even most products..

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@dordomai I can not agree with here. .VIP niche is really broad, and it is not really limited in it's usage. You can provide VIP services in basically any business area. It only does not make sense in connection with keywords which indicates something cheap. For example cheaptickets.com is killer in .com category, but cheaptickets.vip does not really makes sense, because you somehow can not sell cheap tickets, but also provide VIP services to your clients in parallel. But I disagree that it does not make sense with most keywords/product, direct opposite of this statement is true imo.

[QUOTE="This is a much a generic extension as .best is one. :Best is actually more generic I would say. .online or .site is generic./QUOTE]

Best is not more generic at all, word "best" is known only to English speakers. People which speaks different languages does not know what "best" is. VIP is internationally recognized, and people who speak different languages will recognize it instantly. Only .ONLINE can compete with .VIP in this sense. .BEST and .SITE can not compete when other languages then English are considered.

[QUOTE="The fact that China has more regs has nothing to do with being ahead IMO. It's being bought in China for reasons that don't apply to the west. It's not that they are buying it for the same reasons the West does just earlier.[/QUOTE] I agree. Chinese buy it for different reason then west users will do. It is massively promoted in China now, as it means "welcomed guess" there ..Chinese already this VIP meaning for tens of thousands of their businesses, so they like it and just buy it massively. They are not going to burn any money on this TLD, for their businesses it makes perfect sense. In west countries promotion is almost zero at the moment, therefore less regs as for today, but it is only 4 month old, so it will catch up.

[QUOTE="These TLDs have universal meaning too: .info .pro .travel .jobs .museum .photo .online .club etc
Is it a good idea to invest in them then ?[/QUOTE]
Sure, it is. But .photo for example is far less universal then .VIP. .PHOTO is about photos, .VIP is about ANY business where you can provide VIP services to your clients.

It's exactly that you have to describe all these meanings etc that determine the extension is not suitable for a global business as it's main \ only domain.

With a dot com it speaks a thousand words to the audience without you even having to say, "we do this but we don't do that"...

Brands have to appeal by telling a story, offering a journey and presenting an unlimited experience. On a global scale you cannot beat a dot com.

@disaac81 No one is contradicting dot-com's dominance.

@Bullock There is no "volatility" in buying some quality dot-VIP names, and holding them for either the right partnership opportunity, building-out a destination site for this target market, or selling it/them when the right buyer comes along.

I've been involved in the financial markets my entire life, and everything about dot-VIP tells me that buying quality names at this point in time is analogous to buying Google's stock a decade or so ago. The only difference is that the percentage gains you'll experience from a 'great' dot-VIP investment will be much higher than GOOG.

The two factors that make me convinced of that are (i) the UNIVERSAL appeal and comprehension of "VIP", and (ii) the fact that there are only a few hundred thousand names that would work well using this extension.

@ botlawyer ... you are so optimistic
@lolwarrior

Well, .VIP is an acronym international well-known that evoques luxury, high standard quality, exclusive services, and so on. It is acknowledged that haute gamme has a consistent hard-core of customers with some peaks as Arabs, Russians, Chineses.

For this reason I've bought some .VIPs , but at this stage we don't know truely if this extension may be adopted by great firms playng in the upper market. IMO, from this depends the success of .VIP.

Volatility refers, generally speaking, to all nTLD.

Whole VIP extension comes out as mispell of course. Its very cool word,but Vip at the right side does not work..
Cars.VIP makes no sense VIPCars makes it right spelling. This is one of big issues with new gtld. They usually come out as mispells and incorrect forms of english. Homes.VIP makes no sense. VIPHomes is 100 times better. extension like WEB works much better. Car.Web, Home.Web makes sense. This is why I think even if new gtld have a chance, vip extension is drawing completely dead.

Bullock said:

@ botlawyer ... you are so optimistic
@lolwarrior

Well, .VIP is an acronym international well-known that evoques luxury, high standard quality, exclusive services, and so on. It is acknowledged that haute gamme has a consistent hard-core of customers with some peaks as Arabs, Russians, Chineses.

For this reason I've bought some .VIPs , but at this stage we don't know truely if this extension may be adopted by great firms playng in the upper market. IMO, from this depends the success of .VIP.

Volatility refers, generally speaking, to all nTLD.

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You have got some very nice .VIP names, congrats!

Well, imo, if possible, buy some more now. If we would wait until general market "confirms" that .VIP will be used by great firms, all opportunities will be long time gone. Big profits can be done only when somebody buy early, it is same story with domains, stock, real estate, etc..and yes, there are some risky elements, but this is life

botlawyer said:

@disaac81 No one is contradicting dot-com's dominance.

@Bullock There is no "volatility" in buying some quality dot-VIP names, and holding them for either the right partnership opportunity, building-out a destination site for this target market, or selling it/them when the right buyer comes along.

I've been involved in the financial markets my entire life, and everything about dot-VIP tells me that buying quality names at this point in time is analogous to buying Google's stock a decade or so ago. The only difference is that the percentage gains you'll experience from a 'great' dot-VIP investment will be much higher than GOOG.

The two factors that make me convinced of that are (i) the UNIVERSAL appeal and comprehension of "VIP", and (ii) the fact that there are only a few hundred thousand names that would work well using this extension.

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I absolutely agree with this.

lolwarrior said:

You have got some very nice .VIP names, congrats!

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Thanks bro, they are all discounted reg fees!!

P

lolwarrior said:

You have got some very nice .VIP names, congrats!

Well, imo, if possible, buy some more now. If we would wait until general market "confirms" that .VIP will be used by great firms, all opportunities will be long time gone. Big profits can be done only when somebody buy early, it is same story with domains, stock, real estate, etc..and yes, there are some risky elements, but this is life

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Big, small, medium etc organization; gov, inc and corporate; they already have used .VIP. However, they don't registered the name. Once they start falling behind, then they will start searching for the one...

ZapNano said:

P

Big, small, medium etc organization; gov, inc and corporate; they already have used .VIP. However, they don't registered the name. Once they start falling behind, then they will start searching for the one...

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Exactly