NameSilo

Does domain name have a future?

Located in General Domain Discussion started by hangtian, Sep 15, 2019.

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  1. poweredbyme

    poweredbyme Democrat.win VIP

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    Some people may make sales immediately from the very beginning through their own social network and think domain business is wonderful for everyone. The reality is way different, most people have insufficient social network and sales skill. Also, in fact, anything, not only domain names, can be sold to a good social network but usually for a limited time and in limited quantity.

    A randomly chosen business likely bought only 1 or 2 domain in its whole lifetime. This is an inherent disadvantage of all domain names, including premiums. Need is not continuous. Almost each time you need to find a different buyer. This makes the domain sales less sustainable than most businesses, especially if you don't have thousands of domains in hundreds of different niches. Having large portfolio has different drawbacks. It's difficult to setup a solid strategy that will work well in the long term. Most domain sales are pure coincidence, are not predictable as a result of planned, systematic work. Hence it's almost impossible difficult to rinse and repeat or scale up what worked. What worked usually works only for once or twice unless you have a large portfolio to notice a possible pattern. Each time you have different domain and different potential buyer. Different buyers are mostly new startups with low budget for anything. It 's more of a guesswork on how many startups will appear in which industries, in which locations, etc.


    In fact you are not posting anything new and have just proved by showing us your very similar thoughts you posted in 2015.
    You say domain is a name of something and a door, without a name nothing can exist. These are partially correct arguments. While most things have only 1 name, 1 direction and 1 address, those are not static. Nothing is truly static.

    As you worried about oversupply risk in the past, we agree it will lower the prices if happens. What we don't agree is only whether it will happen or not.

    Domain names have high substitute alternatives. This makes the prices highly elastic. If domain A and B are substitutes to eachother, buyer very likely buy the cheaper one even if the price difference is very low. That's why most domains are not sold or are sold for under xxx. It's difficult to rationalize top prices of premium domains when there are cheaper alternatives. Today price of a premium domain will be affected by number and prices of its cheaper alternatives. I think their prices should raise for a while as their supply quantity is very low and they have many potential buyers. But I don't this upward trend will last for additional 20 years. It will cease somewhere before 20 years, in my opinion.
     
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  2. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    no agreement here

    domains come in multiple fashions
     
  3. ThatNameGuy

    ThatNameGuy Restricted Gold Account

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    We all have a name don't we? I've been starting, operating and yes "naming" businesses long before most on this message board were born.

    The honest answer to your question is, "it depends". IF for example permanent cyberspace gridlock were to happen, there'd be no need for domains, and the domains that exist would become worthless.

    However, IF you're creative, innovative, and forward thinking you may just have a future in the domain business(y) And, IF you're hit by a truck crossing the street this afternoon, you probably don't:xf.eek:
     
  4. NickLim

    NickLim Established Member

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    I have a feeling the value of domain names will become less and less valuable over time. There's no intrinsic difference between any domain name, and no one browses the internet by typing in "thethingtheywant.com" anymore.
     
  5. Daniel Owens

    Daniel Owens Upgraded Member Gold Account VIP

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    I agree and 90% of domainers already know that apps are quickly replacing domains.
     
  6. lolwarrior

    lolwarrior Founder, Brands.International VIP

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    I invest in domain names because I personally think they will appreciate. If I would feel they would depreciate, I would not be here investing in them.

    But I think only very good domain names will appreciate in time, be it great new gTLD names or great .com names or great ccTLDs. This is very small set of names.

    Most of the names registered are total garbage, and as such, they are liabilities ... so they will not only depreciate, but they will also cost you renewal fee each year.

    Summary: if you can not invest in best domain names, do not invest, as garbage names will only depreciate, imo :)
     
  7. HappyW

    HappyW Owner of NamesMaker.com Gold Account

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    This question is very childish.Sorry, imo.
    What is the future? Healthy children may grow up to be incapable, and disabled children may become world superstars in the future.
    Isn't mobile APP the next generation of WEB? QR codes are also a substitute for SEARCH, but does it affect names? In my opinion, in the future the industry will be integrated, speculation will be eliminated, and people who really understand it will appreciate.
     
    Last edited: Sep 20, 2019
  8. ThatNameGuy

    ThatNameGuy Restricted Gold Account

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    "Change" is inevitable over time...not imo, but a fact! Where i see opportunity (and lots of it) is the way domains are marketed/sold to "end users". Very little if anything has changed in this regard since I learned about this industry just two years ago.

    Verisign was right a year ago last November when they said:

    "Flipping domain names or warehousing them to create scarcity adds nothing to the industry and merely allows those engaged in this questionable practice to enrich themselves at the expense of consumers and businesses."

    Regardless of how good you are with names/domains, if you can't get them in front of the right people you'll FAIL miserably. The holier than though attitude of the "so called" professionals in this industry is absurd, condescending and outrageous. I've witnessed some of this total BS first hand with a local register/registry Dominion.Domains first hand when they raised the price of a domain that I showed interest in; HomeSweet.Homes, from $185 to $64,000. Then the fools when they learned how pissed off I was offered to give it to me:xf.rolleyes:....btw, all this is documented, but I ask, How Screwed up is this?

    My advice to the majority of you reading this, if you own domain/names for the real estate industry, either find a broker who can take your name directly to the industry members or new players coming to the industry or find a way to do it yourself. The same thing goes for the healthcare industry, the restaurant or food services industry, the sports industry, the trades industry or any other industry that may have a need for your domain.

    Finally, one last thing about "adding value" to your domains. I've mentioned before about adding a simple business model/plan, b
    ut adding or offering a "free logo" with a domain can add value as well.

    That's it for now...back to my plan to revolutionize golf for which I own the domains; RevolutionizeGolf and 9Time™.....FORE!!!
     
  9. ThatNameGuy

    ThatNameGuy Restricted Gold Account

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    Marek...on the one hand i agree with what you're saying about there being a select few domains that will appreciate over time, but on the other hand I believe there are lots of domains (literally millions) both registered and unregistered that are perfectly suitable for global consumption today. Let me give you an example...i just sent a Linkedin invite for the new CEO of Go Daddy Aman Bhutani to connect with me about an idea I had about a year ago for a Celebrity "Name" Show starring Pharrell Williams (R & B artist who sings Happy:xf.grin:), and guess who would sponsor the show? So guess what domain I just registered to show Aman I'm serious.?.....CelebrityNameShow.com

    Now to register the domain CelebrityNameShow and list it with the likes of a Sedo, Uniregistry or even Afternic (owned by GD) and hope and pray they sell it for you is absurd imo. However, to either develop it or get exposure for the name in Hollywood with producers, directors, artists etc. or Pharrell Williams himself would be the smart move:xf.rolleyes:

    Good Luck Marek, and keep up the good fun fight(y)
     
  10. John.Wick

    John.Wick Upgraded Member Gold Account

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    all the business need a " name" to indemnify themselves, domain name won't be depreciate
     
  11. DonDraper

    DonDraper Top Member VIP

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    Google "The Power of Brand" you'll find a lot of useful informations
     
  12. poonam287

    poonam287 New Member

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    Most of the people purchase domain names for future use. They reserve their favorite domain names as most of the popular domain names gets reserved fast.
     
  13. Jimmysun

    Jimmysun Established Member

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    If domain don’t have future that means you can name your children “xjfvsjd xjdb”...or whatever, and you just need some id to demonstrate that’s your children.
     
  14. NickLim

    NickLim Established Member

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    I don't question the value of a brand - what I am cautious of is how much a domain contributes to a brand's value and particularly in the context of long term investing; how will the intrinsic value of this domain change over a long period of time.

    I can already see that there are some changes in how people access the internet especially on mobile devices.

    I think it is unlikely that technologically will not improve further as time goes by.
     
  15. Jimmysun

    Jimmysun Established Member

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    I think the domain investing is just in middle era, even if everyone is used to use the voice assistant to direct to some apps, they still need an exact address to avoid the similar names of apps searching out, I think many of Ngtlds comes out because the internet users keep growing increasingly, so I guess in the future domains are not just considered of company branding, it's more likely a huge amount of personal blog and Self-employed job domain uses will be needed, and that's the same reason that Godaddy is establishing the personal website building system, wix.com, etc. but the profit is not as much as past few years.
     

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