new gtlds Mike Mann: “Read my lips gTLDs are D*E*A*D, absolutely no demand!”

[lennco]

Mike Mann shared on Facebook my article about the bad landrush phase that .Blog domains had last week and also shared his views on the New gTLDs in general:

Read my lips gTLDs are D*E*A*D, absolutely no demand! This was the best out of thousands, along with .web and .app Better luck with other snake oil. .Com stays king. If you also voted for Hillary, rough week. TYVMI.

He also made several other comments about new extensions such as:

How about don’t but them at all, they serve no purpose and cause many problems, and waste a lot of time and money.

Now that everyone knows gTLDs are dead, please Google “Mike Mann gTLDs” and you will see I hit the predictions spot on.

He continued by quoting my article:

Ruggh ruoggh, too many scooby snacks: “So the .blog registry made more than $150,000 from the landrush phase. That doesn’t seem bad but the registry spent $19 million to get rights for the .blog new extension.” Not counting millions per year of overhead. Lesson learned, listen to the mann next time and stick with .Com

He then made more comments like:

“Don't renew your fancy new gtld domains. The experiment is over. No material resale market will take root.”

Mike replied to a comment made by Phil Harris

26 million registered and new sites being launched daily .. X.company being used by Google , Rightside stock just raised to buy status by zachs investment firm .. Awareness growing , secondary 6 figure sales being made , Mike I would say you should watch the movie God is not dead ..

by saying

sure sounds like a bubble

Mike today talked about Google and .soy:

Google spent some energy telling me how ".soy" domain extension was going to be the next big thing a while back, I tried to splain what was up….. Not to discount the fine folks, fancy offices, and great buffet. Googs, gimme a buzz, I’m still a know it all.

Drinking own Koolaid instead of listening to grassroots in the streets

Technically I havent checked the sales numbers but lets take a wild guess, dramatically lower than their expenses…….. like I told them nicely before they invested

Konstantinos Zournas November 14, 2016
http://onlinedomain.com/2016/11/14/...nn-read-lips-gtlds-dead-absolutely-no-demand/

 

[elevator]

I


I sell a lot of domains that I don t talk about

So what ?


Thank you Mike for letting us know your mindset

But you should know that it is good to learn from the industry gurus rather than any one else. Yee!

 

[Fancy.domains]

so then .name is great for names and .mobi is great for mobile webpages and .tel is great for businesscard type websites

but it is not !!

Name is at least ok for name sites. Much worse than .com, but ok. Mobile websites do almost not exist anymore as responsive design has been standard for several years, so .mobi is dead apart from very short names that might interest other domainers. .Tel has never been a good choice IMO.

However, clubs and organizations are huge phenomenons and these will always be around. BTW, I sold a .club to a European entertainment venue just the other day.

 

[frank-germany]

Name is at least ok for name sites. Much worse than .com, but ok. Mobile websites do almost not exist anymore as responsive design has been standard for several years, so .mobi is dead apart from very short names that might interest other domainers. .Tel has never been a good choice IMO.

However, clubs and organizations are huge phenomenons and these will always be around. BTW, I sold a .club to a European entertainment venue just the other day.

I don't doubt you sell it and do OK

I doubt they do well

 

[Fancy.domains]

BUT for all the niched new gTLDs; bad keyword - new extention combinations will not sell. Not now and not later. These are probably just a waste of time and money.

 

[Lysted]

Glad more people have realized it sooner than later and they still are springing them up by dozen. Who is pushing for these? Is there a public demand for these?

 

[ezcoms]

I said it a while ago. Especially, why would anyone type in these long domains plus their extension? If you establish a website or brand with .top or anything like that, make sure your SEO top notched. I make adult sites. I've never gone to a rival unless it was an adult pop up ad with .xyz --- that's it. .com, .net .org --- and even maybe a .so ...

 

[RU]

 

[garptrader]

There is limited demand but between many reserved names, premium prices and/or renewals and a general unwillingness to pay a premium even for a .COM, domain, investing in new TLDs is not going to work out well for most investors.

Domain investments come down to portfolio turn, average sales price and renewal costs. Compared to a .COM portfolio, a new TLDs portfolio will generally see lower turn, higher per domain renewal costs and average sales prices no better than .COM.

My experience with .Net is they almost never sell for more than low $XXX so it just does not make sense to hold many. With .TV, sales prices are comparable to .COM but the renewal cost is more than three times .COM so carrying costs make them too expensive. With .Info, noone wants them at any price. Why are a thousand .Whatevers going to garner a premium selling price when a potential buyer has hundreds of competing non-.COM TLDs to choose from?

Regardless there are a few domainers who have been extremely selective and beaten the odds. For me new TLDs are just too risky and most nTLD portfolios are going to burn to ashes in time.

 

[PoliticalVII]

What is a gTLD ? never heard of it, i only recognize .com

 

[Kate]

Somebody said GTLD = Good To Lose Dinero. Don't have the source handy.

 

[guillon]

I think it depends where you sit. It is too early for the domaining business and if the speech is negative today, registration volumes increase so it should change in the future...even if it takes time.

 

[frank-germany]

what do you think how long will it take?

for my lea.name find a wealthy lea to buy it
I own it since 2009

 

[namezest]

18 months ago Mike said something similar. Now after that time is he saying that as someone who has invested in them himself, or as someone with a massive portfolio with huge renewals and therefore a vested interest in dismissing them at every possible opportunity?
He will always say that about gTLD's. No Demand? The numbers of registrations might show end users are getting what they want for a far better price and explain lack of sales. Are his sales down? I would hazard a guess and say Definitely Yes.Numbers don't lie, people do!

A word of advice.... Don't put all your eggs in one basket ??

 

[GoKaizen]

Over 70% (18 million) New Domains are Parked

http://adamyamada.com/over-70-18-million-new-domains-parked/http://adamyamada.com/over-70-18-million-new-domains-parked/

 

[168]

Glad to hear Mike won the .soy debate

I told porkbun not to buy .blog @ namescon 2
Glad they listened.

I have received offers this year in the low x,xxx for .Global, Media, .Direct, .Tech, .Digital and even .Fish!

Fitting he posted on Facebook check out Facebook.Design

The momentum is building
Happy Hunting!
Cheers

 

[gary-glen]

I believe money is to be had with gTLDs, but it's not where I wish to dine. Thank you very much, but I'll stick to my usual order...give me another dotCom

 

[gary-glen]

I feel for the newbs! This is enough to blow their minds...and budget! Expect a lot of drops

 

[garptrader]

The breakeven sales price assuming 1% turn and $10 renewals with 20% marketplace commissions is an average sale of $1250 - an amount which would likely be reported by many nTLD holders. Many new TLDs have much higher renewals than $10 which would require higher average sales prices or higher turn. For example, a 100-domain nTLD portfolio with $40 average renewals would need a $5000 sale just to break even.

Let us assume 20 million aftermarket new TLDs

1% turn would translate into 200 thousand new TLD aftermarket sales annually - nearly 4000 weekly

We are now three years into the new TLD experiment - 34 months plus

Instead of dozens of threads of your latest new TLD registration, we should have a thread with new TLD sales with tens of thousands of personal (not registry) sales. Could someone point me to that thread?

Excluding reported registry sales which sometimes are dubious or merely brand protection registrations, how many domainer-held aftermarket new TLD sales do you see reported each week? Do you see thousands of aftermarket new TLD sales on each weekly DNJ report? Hundreds?

Those who learned a little about domain selection before new TLDs were rolled out may have some sales. However, we clearly do not see evidence that new TLDs are generating the sort of turn needed to maintain the portfolio with sales revenue. Yet renewal costs are often higher than .COM. Why would you pay higher cost for inferior results?

 

[Recons.Com]

This never gets too old, I guess )

nGtld intolerant ones will bring all the facts and info why they are unsustainable and bad for end users and nGtld proponents will write that they personally seeing great success with their sales and that Google is backing/buying those so they are the future.

I haven't read the previous 50+ posts, but something tells me this sums up the discussion pretty accurately.

 

[168]

The intolerant's don't know or don't like to include facts about .com

Let's not point out the .com 99cent sales/freebies, just the New "G" 99 cent sales/freebies.
Let's not remember the days .com was 100 reg fee per year, then 70, then 50, then 35 etc. and now 8.99
Let's not point out the days when you could renew unlimited .com's for 1.29 Yes folks there was a time.

Yes indeed. Just how did .com become king of monopoly ?