discuss “Are most commenters broke?

[equity78]

There has been a lot of discussion about the Uncle.com sale. Many calling it a steal, with one Namepros member commenting, "Definitely a 6 or low 7 figure domain." I do not share the sentiment that Uncle is a 7 figure domain name. But a reader emailed me and asked me a little while ago if most blog and Namepros commenters are broke? Their point was this was a public auction that many knew … [Read more...]

 

[lock]

I mentioned on another thread about the father figure in Asian culture not always a relative but someone your carer. I also would like to introduce you to Uncle Roger.

https://edition.cnn.com/travel/article/uncle-roger-rice-food-appropriation-intl-hnk/index.html

 

[lock]

 

[Mike Goodman]

@lock Hilarious, thanks. I don't have time but couldn't stop watching until the end anyway!

 

[lock]

@lock Hilarious, thanks. I don't have time but couldn't stop watching until the end anyway!

I quickly became a fan of Uncle Roger. ( Nigel Ng ) People are down on the comedy but without people making fun of themselves each other we won't be allowed to laugh.

 

[RogueWriter]

I love that, thanks for the link.

 

[MapleDots]

I can’t think of what you would use the name for, it’s not like a product domain, or an action, or a geo.

Funny, I was thinking the same thing, I could only think of something like Uncle Sam or Uncle Lee but as a brand I personally feel it's a bit weak.

There are a lot of stronger 5 letter .com words out there but realistically you probably won't pick them up for $65k

 

[blogspotter]

I also think it is a 7 figure name. Also I am broke.
But I think it is a much stronger brand name than detour, but what do I know.

It is as generic as it gets. It sounds like an empty plaque. And sounds like a Billion dollar corp. It can be a Mobile phone, a Mobile data company, a Hotel chain, a retail chain, A coffee chain, a clothing brand, a Toy company, a Hospital chain, a Beer company, a whiskey brand.

PS: I didn't mean 66K is cheap though. I mean this a 7 figure domain to the right end user. 66K looks like a good wholesale price but if I were to spend 66K on domains today, I would spread out my risk on 10 domains. But I also want to be in a position to plonk down 100K on Uncle.com someday, because I would, if I had 100 strong 1 word domains in my portfolio.

 

[biggie]

I can’t think of what you would use the name for, it’s not like a product domain, or an action, or a geo.

here ya go!

imo...

 

[RogueWriter]

here ya go!

imo...

Awesome!!

 

[DomainRecap]

This type of commentary is right up there with "Okay, so you think Leprechaun 16: Who Took My Lucky Charms is a terrible movie - why don't you go make one that's better!"

 

[King]

I am the one that said it's worth 7 figures and I still stand in my positioning. I will never sell a .com dictionary word to an end-user for under 1M unless they are offering stake in the brand. Everyone and I mean end-users included are well aware that one-word .com domains have sold in the millions, as sellers why are we making it cheaper for the end-users to obtain a premium and exclusive name on THE INTERNET?

It's pretty stupid to say that because we didn't bid we don't believe in the value. Maybe we are bRokE.

Also since when is being broke a bad thing? Not everyone was born into a rich family, they had to earn it with patience and perseverance. Being broke is temporary, being poor is a state of mind.

 

[platey]

A typical example not the domain but the theory that most people commenting may be skint etc

The domain name industry is split in to groups of people

Those that registered premium one word .coms and 2 letter and 2 number .coms for free pre 1995

There are also those that can afford to buy premium domains now that can afford to pay millions for a 2 letter .com and afford to sit on such assets

There are also those that can pay a few grand for a domain and list it on a domain name marketplace and sell a few domains etc

But there are many 1000s of domain name investors that have spent money eg £100 or £1k ish eg all the money they can afford but cant liquidate any of their domains and cannot afford to buy anymore and sitting on illiquid portfolios

Which might be why more and more marketplaces are now offering liquidity options although instant liquidity of domains os still some way off and pawnbrokers and outbound marketing services and brokers are still very scarce in the domain name marketplace and i dont see that changing any time soon unless they own a one word dot com etc

Choosing not to liquidate the domain assets at the bottom of the tree due to focusing on the top of the tree is the fastest way to no tree

 

[Mister Funsky]

most blog and Namepros commenters are broke?

In my case, according to the bank I just left, the answer is 'yes'. Man, this is going to put a dent into my renewals this week!!!

 

[.X.]

The domain name industry relies on a good world economy just like most other things... the world economy hasn’t been good since covid started ... market rates fluctuate with economy .... while the buyer got a great price on Uncle.com ... its far from a steal IMO

sometimes it’s a buyers market.... sometimes a sellers market ... just like houses

 

[frank-germany]

USD 10 can feed a family of 4 for a week in a poor Asian locality.

I highly doubt that

 

[koolishman]

I highly doubt that

Yes, they can, Frank!

Take India, where poverty is a major issue.

Government gives the poor families, food grains through public distribution system, either for free or for highly subsidized rate. Plus in some rural areas, cassava is cultivated for consumption and widely eaten.

If the poor gets the free rice, they can buy other stuff like spices, vegetables etc for about USD 5 in a rural area for a week's consumption.

Even if poor have to pay for rice at higher rate through subsidized channels, it will cost them USD 0.3/Kg x 6Kg = 1.8 USD per week. With the remaining 8.8 USD they can even afford to buy some local river fish.

Even if they have to buy rice from open market, it will cost USD 0.6kg x 6 Kg- 3.6 USD. With 6.4USD they will manage the rest.

I have seen it.

 

[frank-germany]

Yes, they can, Frank!

Take India, where poverty is a major issue.

Government gives the poor families, food grains through public distribution system, either for free or for highly subsidized rate. Plus in some rural areas, cassava is cultivated for consumption and widely eaten.

If the poor gets the free rice, they can buy other stuff like spices, vegetables etc for about USD 5 in a rural area for a week's consumption.

Even if poor have to pay for rice at higher rate through subsidized channels, it will cost them USD 0.3/Kg x 6Kg = 1.8 USD per week. With the remaining 8.8 USD they can even afford to buy some local river fish.

Even if they have to buy rice from open market, it will cost USD 0.6kg x 6 Kg- 3.6 USD. With 6.4USD they will manage the rest.

I have seen it.

but they do have internet access
and can flip domains?

 

[koolishman]

Poverty in one reason why about 600 million Indians are not domaining.

 

[HotKey]

So you can't comment if you have money? And if you have money, you have to buy a domain that you can afford?

Agree with a couple posters; risk tolerance and names that you're inclined to own are great determining factors for ownership. Otherwise, sure we can buy whatever, but if we're unfamiliar with the territory it's a tough sell.

Generally for me anyways, my domains are a reflection of my comfort level in terms of backing up their worth with the attached price tag.

 

[CraigD]

I have younger chinese friends who call me 'Uncle'

Uncle is often used as a term of affection for older people in Chinese culture, and Auntie is used for older women.