new gtlds A $185,000 Bet on .XYZ

[jdab]

Interesting read on .xyz from NBC.

Young entrepreneur Daniel Negari spent $185,000 in hopes of making the new .xyz domain a household name. Negari said he made his investment back in the first month of business and his new domain is attracting many people around the world wanting to create a new website or new brand.

“I applied for .xyz,” he said. “I figured you end the alphabet with xyz, so you should end a domain name the same way.”

Negari applied for and bought the .xyz top-level domain name from ICANN and now sells off his individual addresses at $8 a piece to registrars such as GoDaddy, which then sell them to consumers. Business is good, and he has sold off about 800,000 domain names since last June, he told Press:Here.

Scott McGrew said that he hasn’t seen the .xyz domain much, but Negari said that it can take several months before users actually put up a site.

“We have sold 30 percent in the Americas, 35 percent in Asia, and the rest all over the world,” he said.

Most are small businesses and first-time domain holders, he said.

Click here for video and source.

 

[The New Guy]

very loose definition of the word "sold".

 

[jdab]

very loose definition of the word "sold".

Thought that too, pretty sure they gave away tonnes.

 

[pjb1978]

Stuffed might be a better term than sold. Negari is as slimy as they get.

 

[Kate]

Business must be good if they have to give them away.

 

[FPForum]

Who's going to do the follow up interview with him next year when the numbers plummet from non-renewals?

 

[Asfas1000]

“I figured you end the alphabet with xyz, so you should end a domain name the same way.”

Whoa !

 

[N-A]

I thought it was supposed to reach 1,000,000 registrations by the end of the year...

About 200,000 freebies to lay claim to that.

I have seen a mom-and-pop shop using .xyz in Washington though. That's 1/800000.

 

[J. Sharma]

Really very nice TLD and also lucky coz Google buy domain with this TLD :P

 

[LucidDomains]

Personally I'm a dot com fan, but I looked into the process of registering a TLD with ICANN awhile back. If I had $185K to spare and a registry platform, its possible I would have given serious thought to investing in being a TLD registry.

Why? There is and will be a lot of money to be made being a registry of a decent TLD.

Clearly this guy had the guts to follow through on his instinct and he will do well going forward.

Well done to him.

 

[ZION]

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