62.com
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If we think about domain names in economic thinking, the higher the price of domain names, the less demand, how to expand the number of users?
You are right. That's what domainers do. And for most of domain investors, selling their owns to end-users is the best choice, maximizing the value of their own domains. That's why most of you become a domain investor? The best answer we heard is "Creative outlet and the hunt." 62.com team also expects to help them.We can’t increase end users. We can only increase our chances of selling to them by getting the best names we can afford. There are a finite number of end users in any year. They just have to want your name and accept the price.
If you are a flipper or big hurry to sell your only other choice is to sell to other domainers with low pricing.
We can’t increase end users. We can only increase our chances of selling to them by getting the best names we can afford. There are a finite number of end users in any year. They just have to want your name and accept the price.
If you are a flipper or big hurry to sell your only other choice is to sell to other domainers with low pricing.
If we think about domain names in economic thinking, the higher the price of domain names, the less demand,
You are confusing economics, i.e. the reality of what happens in the world regarding business, value, money, currency and a whole host of other concepts, with the academic classical economic theory. The supply-demand curve and the "theory of equilibrium" has been utterly debunked so many times it really does beg the question of economics as an academic "discipline". That theory of equilibrium is the fundamental basis of the academic position.
As with classic cars, high quality diamonds, highly regarded works of art and a very interesting range of other items, a sample number of each and a sample number of domain names fetch very high prices. There are lots of alternative, far cheaper works of art etc etc so poorer folks' walls need not go unadorned, empty garages can be filled with cheaper restoration projects and small, local businesses without lofty aspirations can have a registered domain name. There are more than sufficient to go round.
It is true that domainers will not be able to make their fortunes on the cheaper domain names. But it is not true to suggest they are not available.
You are confusing economics, i.e. the reality of what happens in the world regarding business, value, money, currency and a whole host of other concepts, with the academic classical economic theory. The supply-demand curve and the "theory of equilibrium" has been utterly debunked so many times it really does beg the question of economics as an academic "discipline". That theory of equilibrium is the fundamental basis of the academic position.
As with classic cars, high quality diamonds, highly regarded works of art and a very interesting range of other items, a sample number of each and a sample number of domain names fetch very high prices. There are lots of alternative, far cheaper works of art etc etc so poorer folks' walls need not go unadorned, empty garages can be filled with cheaper restoration projects and small, local businesses without lofty aspirations can have a registered domain name. There are more than sufficient to go round.
It is true that domainers will not be able to make their fortunes on the cheaper domain names. But it is not true to suggest they are not available.
Buy names that appeal to everyone so that end user has the opportunity. Buy names you have customers for.
landing page
- Create opportunities to increase domain exposure
such as landing page
I'd argue that it is possible to increase the number of end users for premium names.
In my opinion, the overall pool of businesses/people using domains for commerce and projects is fixed and growth organically, as Brad pointed out.
But... Within that pool, 90% settles for names that in reality hurt their business in many ways, while it goes unnoticed for them. They really can't do A/B test for the business domain name and brand, can they? And only 10% (just empirical numbers, no real research behind) understand the value of a great brand and domain, either intuitively, or by experience, or by training.
So, just educating entrepreneurs, incubators, decision makers could help increasing the market size.
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Hi
what is economic thinking, compared to common sense?
there is a lot of demand for high quality domains
and they tend to be priced higher, because of their quality, their usage potential and the demand for them.
you, cannot expand the number of endusers or buyers for a domain of high quality, unless you lower the price.
you, cannot expand the number of endusers or buyers for a domain of low quality, no matter what you do.
the pool of buyers will only grow as new people want to become domainers or those who to want buy a domain name for development increases.
and since you can't make anyone buy your domain, then you, can only increase your chances of selling domain names, by having a portfolio of desirable, appealing domains, that potential buyers may seek in the future.
still, to me, the topic is basically an opening to promote one's self in the community,
as some of us have been selling domains to endusers, long before they were being called endusers.
it didn't make a difference then, who was buying, as long as they were able to pay.
and from my perspective, i feel the same way today
imo...
Because, unlike most products, domain names are electronically connected in a collective cyberspace market ecosystem... the end-user growth rate is likely more determined by the attractiveness of the neighborhood -than the value of an individual property.
For example, there was a time when a highly profitable parked page ecosystem attracted many users to buy premium domains like candy.com. Then, the parked page over-exploited the space, cybercrime exploded, and search banned such pages. The ecosystem's rep., profits and end-users declined.
So the key to attracting end-users is to create an attractive domain ecosystem that once again generates profits for domain investors -across the board. This, in turn, will expand the number of end-users.
This is the Internet age, and people are starting to realise that virtual assets can have real value. Domain names are virtual assets, and so are many other things that most consider to be hard assets. Fiat currency is one exampled, and people are starting to realise that there is no intrinsic value to fiat currencies - hence the name. Property in the UK is another example. A "freehold" is not an absolute ownership of land, as all land is owned by the Crown, and a freehold is just an estate in land. This is a virtual asset in reality. Once potential investors realise this, then they can start to believe that a domain name is a better store of wealth than a bank savings account.
- Create opportunities to increase domain exposure
such as landing page