discuss Is .IN taking off? Cycle.in sold for $16,500

[Arpit131]

I came across this sale of Cycle.in for $16,500 on Sedo.
That is a great price for a ccTLD.

I wonder if .IN is taking off slowly. I spoke to some of the biggest .IN investors at DomainX conference and they said that big things are going to happen in .IN and that it's going to be one of the most popular ccTLD in the coming time.

What are your views?

 

[domainpundit]

The actual pool of potential buyers is nowhere near that. There is no correlation between the number of Internet user and domain sales. Even in developed countries, few people own domain names. It's mostly for business use, and some savvy people who want to have their blog or vanity E-mail.
Maybe one percent of those new users will need a domain name for their ventures, and out of that 1%, maybe 1% will be willing to buy one on the aftermarket. And I'm being generous... I don't think that in the West 1% of businesses are buying their future brand on the aftermarket.

true.. not everyone build a website or make a startup ..more users and more content are related to with each other..more content making opportunities attract more youngsters to start.. India is a developing nation there are several youngsters who do not have loads of financial resources consider online as an opportunity for their business projects... certainly demand will surge as some of them look for domain names for their ventures... USA has a domain name share over 100 million easily as .com share itself is 96 million names.... similarly china is having over 50 million names easily..if you consider that as a basis how many names will be register from Indian residents in coming years across extensions... what .IN has now is just 2.15 million names.. how many lll.in names - just around 17.5k names.. already 6% of them are developed and in use... how many good keyword.in names possible... perhaps 0.2 million names ...all we are talking about is small proportion of premium names...

 

[kn65]

.in is better in my opinion than .cn here's why?

.in sounds better
.in is an easily "hackable" tld, meaning you can combine the domain with the tld and produce a word.
India is in it adolescence in technology when you think about the population
India is still in it infancy in the domain market, and has a lot of potential.

 

[Jurgen Wolf]

My max. bids from India were:
$400 on .in (keyword);
$1K on .PRO (keyword).

 

[Kokoro]

23 reported sales as per name bio in this year whole 8 months. Numbers speaks for themselves

The key word here is: reported

 

[domainpundit]

My max. bids from India were:
$400 on .in (keyword);
$1K on .PRO (keyword).

Depends on quality of names you have..

 

[Jurgen Wolf]

I can't complain on quality... not a newbie in domaining.

 

[Jurgen Wolf]

Regarding bidders outside India...
My highest .in-sale was 2.4K EUR in 2013 to buyer from NL (4L).

 

[domainpundit]

Regarding bidders outside India...
My highest .in-sale was 2.4K EUR in 2013 to buyer from NL (4L).

Agree, bidders from outside understand values quickly and gives reasonable offers as they have already gone through the awareness phase about domain name values. Indian bidders changing too..I have rejected few mid xxxx offers on my names from India this year, my expectation is around low xxxxx usd for those names.and I will wait, no issues ..I used to get as low as 10 usd offers mostly few years before and few between 100 to 1000 usd ...but things are changed to some extent.. Still receiving some low ball offers.. Also some cunning requests like I am from ngo,so give me for free.. I am a poor student, please help me... I was the previous owner, so sell me.at reduce price.. Etc ...
At the same I did noticed increased number of serious inquiries, several 1k and above inquiries.. . Just sharing my experience.. If you still own quality. IN names you could have noticed the same at your end too.. Things will change further as time passes by as overall ecosystem is going through transformation process...

On a different note 2.4k euro for 4l.in is quite decent sale...congratulations.. Almost 250k plus 4l.in are still available to hand register

 

[Jurgen Wolf]

Don't forget that 2013 was a year before nTLDs...

 

[domainpundit]

Don't forget that 2013 was a year before nTLDs...

2013 to now things are changed a lot in. IN area... CcTLDS are going stronger after ntlds as they brought loads of confusion...ccTLDs share is increasing as a result...

 

[Jurgen Wolf]

Endusers outside India now have a tons of alternatives...
So their demand on .in dropped significantly except defensive purchases...

 

[HotKey]

Consider there are more than 300 million of India's population under the age of 15 right now. Over the next 10 years this is a huge potential for growth in the digital sector there. So, dot-in safe bets, I'd say even dot-ooo could catch fire.

 

[Jurgen Wolf]

As already said above by @Kate : "population" uses Facebook/Twitter/email etc.
Domain aftermarket - is another theme...

 

[domainpundit]

As already said above by @Kate : "population" uses Facebook/Twitter/email etc.
Domain aftermarket - is another theme...

I strongly disagree with what Kate said...internet population amount has a strong relation with domain demand too...let's wait for 2 to 3 years to prove what Kate said is wrong from. IN point of view.. I have huge respects for Kate's knowledge about cctlds. I believe Kate missed some realities of a developing nation.

 

[Jurgen Wolf]

tradingeconomics.com/india/forecast

 

[Jurgen Wolf]

Regarding cycle.in
High sales in this niche are occurring in various TLDs... this is not a benchmark for other domains.

 

[domainpundit]

Indeed, it's not a benchmark...perhaps it's the precedence for future sales..

 

[Truekumar]

I too completely disagree with Kate in regards to the relationship of the number of internet users and domain name value. Although the correlation may not be direct, they DO have a strong relationship with each other and it would be absolutely absurd not to think in that manner. As the number of internet users increases, the value and worth of owning a keyword domain name also becomes more appealing to businesses or to those whom wish to have a presence on the web and direct their business towards web users in that particular country.

Ok, other factors do play a part in all of this, which includes the overall data value of each user and what they use the web for. At the moment, many young indians are using it primarily for social networking but this IS CHANGING massively and at a very rapid rate. More and more indians are now moving past the social networking stage and also increasingly using e-commerce on a daily basis, as well as other services such as for entertainment & education. The government is backing the .IN extension and useage of the web in an enormous marketing push.

India is unlike any other market in the world, it is leapfrogging older technologies, moving straight onto 4G, it has started with social networking useage and then moving onto other areas of use, which is actually the opposite of what has happened in more mature markets such as in the west BUT India's rise is happening at a much faster and rapid rate, yes it is an extremely young market but one which is growing faster than any other in the world right now. I think everyone should watch .IN extremely closely, as I think it will easily outperform any other extension for ROI.

 

[D Haynes]

I haven't completely read this thread so sorry if someone else has already mentioned this but you have to take into account that this extension is a usable word in itself for hacks. For instance cycle.in can be used for cycle.in/France or cycle.in/London .

 

[Truekumar]

Completely agree with you UniflexDomains, the .in extension is always an excellent one for domain hacks and is used a lot in that manner both inside and outside of India too. The .in extension is global extension that is already being utilised in a variety of ways and interest is now growing further.