NameSilo

“Are most commenters broke?

Labeled as discuss in General Domain Discussion, started by equity78, Oct 19, 2020

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  1. MapleDots

    MapleDots Top Contributor VIP

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    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
     
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  2. blogspotter

    blogspotter Top Contributor VIP ★★★★★★★★★★

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    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.
     
    Last edited: Oct 20, 2020
  3. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    here ya go! :)



    imo...
     
  4. RogueWriter

    RogueWriter Top Contributor VIP ★★★★★★★★★★

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    Awesome!!
     
  5. DomainRecap

    DomainRecap Top Contributor VIP

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    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!"
     
  6. DigitalRoar

    DigitalRoar Investor & Creator VIP

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    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.
     
    Last edited: Oct 22, 2020
  7. platey

    platey Top Contributor VIP

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    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
     
    Last edited: Oct 22, 2020
  8. Mister Funsky

    Mister Funsky Top Contributor VIP

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    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!!! :xf.smile:
     
  9. .X.

    .X. In God I Trust VIP ★★★★★★★★★★

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    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
     
  10. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    I highly doubt that
     
  11. koolishman

    koolishman Upgraded Member Blue Account

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    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.
     
    Last edited: Oct 25, 2020
  12. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    but they do have internet access
    and can flip domains?
     
  13. koolishman

    koolishman Upgraded Member Blue Account

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    Poverty in one reason why about 600 million Indians are not domaining.
     
    Last edited: Oct 25, 2020
  14. HotKey

    HotKey Made in Canada VIP

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    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.
     
  15. CraigD

    CraigD Top Contributor VIP

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    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.
     
  16. HotKey

    HotKey Made in Canada VIP

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    "cry uncle"

    more than one use for the term.. Great domain imo.
     
  17. DomainRecap

    DomainRecap Top Contributor VIP

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    The 600 million Indians is a prime reason the country is experiencing so much poverty.

    Like Attenborough said, "we have overrun the Earth".

    Right now we require 1.8 Earths to support the food, water, shelter, and resource requirements of our existing population, and with our current exponential population growth, that requirement will soon be 2 Earths - so this is not going to end well for anyone who doesn't own a private island with armed bunkers.
     
    Last edited: Oct 26, 2020
  18. DomainRecap

    DomainRecap Top Contributor VIP

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    Apparently, and this is the "fanboy requirement" that before offering any opinion or criticism, you must first write, create, film, or purchase said thing or entity. So you cannot offer an opinion on a domain sale without buying it, a film without filming its superior, a book without having written the great American novel, etc.

    It's truly a bizarre mindset.
     
    Last edited: Oct 26, 2020
  19. blogspotter

    blogspotter Top Contributor VIP ★★★★★★★★★★

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    Nothing can be further from the truth. Everything that you use on earth are created by people. More people doesn't necessarily cause poverty. Human being are the best resources and it is humans that contribute to the top GDP of top economies. There is no shortage of food and everyone eats a lot better than a decade ago, so I am not where the 1.8 earth comes from. Looks like a made up number by some some smart orator.

    Food distribution is a problem, but not production.

    There are many other reasons for poverty, but population is the least of those. If all of the 600 million people were educated, do you think, they would still be poor?
     
  20. DomainRecap

    DomainRecap Top Contributor VIP

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    It's one thing to say something like "we can alleviate the rampant population growth with scientific advances" but to say it doesn't exist or that our planet has "more than enough resources" for 8+ billion people sounds like someone who thinks STEM is part of a flower.

    https://www.overshootday.org/portfo...-our-consumption-sustainable-washington-post/

    This is just one of thousands of results I found on Google, all of which are backed up with hard science and published by notable newspapers and scientific magazines.

    Go take at least a minor in Economics and then come back and write the same thing.

    India is a capitalist country with a few select Socialist ideals (like healthcare) along with a caste system that even in 2020 virtually guarantees poverty for some groups. Access to higher education is also barred for many, and even after some gov't changes and quotas, some schools still do not accept lower-caste students for many disciplines, like Medicine.
     
    Last edited: Oct 26, 2020
  21. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    I would rather listen to somebody's advice
    who has experience
    not only a little
    but a lot

    to follow advice
    is always a risky and most often a costly journey

    so you better know,
    whom to follow
     
  22. DomainRecap

    DomainRecap Top Contributor VIP

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    Obviously, but that doesn't mean that the said expert is required to buy 100% of the domains he is commenting on.
     

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