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As some of you know I have been living and working in Hong Kong for quite a while.
Hong Kong is a so-called special administrative region with over seven million residents and sits right up against China's Guangdong Province, which has had more than 1000 cases of the virus. As schools were closing, everyone on the street started wearing surgical masks and people started to clear supermarket shelves, my wife and I decided it was time for an extended vacation and we left the city with our daughter and dog for the Netherlands a couple of weeks ago.
With the virus now spreading across the US and many European countries reporting increasing numbers of cases it has become obvious that this will become a global health crisis.
Now, personally I am not too worried about the virus itself, but more so about the impact the outbreak will have on the global economy and people's livelihood - Hong Kong's economy, for example, has been dragged down significantly by the outbreak. And a suffering economy is bad for business and what's bad for business should be bad for the demand for aftermarket domains, right?
A Skype chat with a fellow domain name nerd today got me thinking however as he mentioned that the current situation should increase domain values and drive more demand for the middle to the lower end of the market because the outbreak of the virus has given enormous rise to remote work, e-commerce and the use of remote tools to hold meetings, e-schooling and much more.
It's most likely too early to tell but personally I had a very good February with 6 end-user sales, averaging $4,100 per domain, including a .hk domain name that sold to a local entrepreneur in the midst of the crisis. I know many other investors who had a very profitable month as well.
So let's discuss, do you think the Coronavirus outbreak will increase the demand for domain names, even if the economy takes a dive?
Hong Kong is a so-called special administrative region with over seven million residents and sits right up against China's Guangdong Province, which has had more than 1000 cases of the virus. As schools were closing, everyone on the street started wearing surgical masks and people started to clear supermarket shelves, my wife and I decided it was time for an extended vacation and we left the city with our daughter and dog for the Netherlands a couple of weeks ago.
With the virus now spreading across the US and many European countries reporting increasing numbers of cases it has become obvious that this will become a global health crisis.
Now, personally I am not too worried about the virus itself, but more so about the impact the outbreak will have on the global economy and people's livelihood - Hong Kong's economy, for example, has been dragged down significantly by the outbreak. And a suffering economy is bad for business and what's bad for business should be bad for the demand for aftermarket domains, right?
A Skype chat with a fellow domain name nerd today got me thinking however as he mentioned that the current situation should increase domain values and drive more demand for the middle to the lower end of the market because the outbreak of the virus has given enormous rise to remote work, e-commerce and the use of remote tools to hold meetings, e-schooling and much more.
It's most likely too early to tell but personally I had a very good February with 6 end-user sales, averaging $4,100 per domain, including a .hk domain name that sold to a local entrepreneur in the midst of the crisis. I know many other investors who had a very profitable month as well.
So let's discuss, do you think the Coronavirus outbreak will increase the demand for domain names, even if the economy takes a dive?
