new gtlds Greatest Lesson Learned From Rick Schwartz

[Digital Universe]

When I first started domaining in 2011, I was excited about the new "opportunity" of .CO and I bought thousands of dollars of domains, I even bought many many .NETs! And I did read about @Rick Schwartz saying only buying .COM but I thought I knew better and had to see for myself.

Some years later after only two sales in .CO and one in .NET I dropped all thousands of names and bought only .COMs such as Rick always suggested! Within 2 months I sold my first name into the thousands of dollars, since then I was hooked. Now I have sold into the 6 figures and rising, all .COMs!

Rick has thought me a great many things, but first I had to fail to really understand his point of view. Maybe a lesson for these new gTLDs too for others? I do not know, but I do not own even 1 gTLD! I am not saying you cannot earn money with these, but the chances are much much much greater with a .COM, less risky.

PS this is just a opinion and a personal experience! Hope this helps. My 2 cents.

 

[Digital Universe]

I agree wholeheartedly to invest predominantly in .CoMs regardless of whether one is new to domaining or not. The occasional flutter with a Gtld reg may not hurt - in fact, it may work out handsomely if the reg has meaning (such as prop.bet or virtual.network) - but unless an investor really knows what he/she is doing, it's likely best to stay away for multiple GTLDs reg

Totally agree, and a advice to beginners is to read a lot here on NP and on all domain blogs (for example ricksblog, thedomains etc.), study past sales at dnjournal/namebio and watch as many interviews at domainsherpa. Do all of this before investing any penny, believe me from experience, it will save you a lot of money.