Labeled as opinion in gTLD Discussion started by Shuttlepro, Apr 29, 2017.
"....It helps the ntld program",...."program" says alot.
The truth hurts. But some of you guys are being given a free education from a successful guy and instead of asking questions and being gentlemen, you are defensive and want to argue. Then, arguments ensue and a debate turns into personal attacks- it's all petty b.s., instead of inviting insight and questions, you are basically asking him to go away. Why not engage in meaningful dialog- instead of this name calling? I realize that many people are jealous of other's success, especially when it isn't in their grasp, skill set, genetics, or whatever excuse and variable you want to put to it. But you don't need to slam those who are. For me, I was quite surprised to see him show up and post and like to hear in real time what he has to say here. BTW: Thanks to "dot com" and being prepared and seizing a niche market opportunity, I retired many years ago anonymously.
It would be interesting to see the leader of the Not com club show up here posting and debating this 1000-new-confusing-extensions-few-marketing-dollars-plan-of-action. For him to help you guy's promote these extensions that you believe in. Then in 20 years you could sell them. That, would be a good thing instead of back peddling on price increases.
IMO, Rick is trying to save new domainers from losing money. That's the respectable thing to do if you made your fortune in the domain industry.
.Com domains are far and away the safest investments in domaining.
I wrote my thoughts in a superb discussion last month titled UNCERTAINTY and the NEW G's:
Not in this game.
It's not like we have decades of historical records to go by
Here is an exercise all domain investors should do...
How much you spent on renewals last year by TLD?
What were your sales last year by TLD?
(if you made money in parking add that to your sales for that TLD)
Assume that over the next five to seven years things stay more or less the same.
Where do you want to keep spending your renewal money?
What will your finances look like five to seven years from now if you continue to renew domains which do not sell? If you spend thousands of dollars a year on new TLD renewals and have nearly zero sales,, several years from now that could be a new car you could have bought or a down payment on a house. Money spent on domain renewals is real money not a video game where you always get a do over.
How can one lose money? It's pretty simple actually. They have more money going out than coming in.
It is Economics 101. Total Revenue - Total Costs = Net Profit.
I am not aware of many people who are primarily buying new GTLDs that are profitable.
Because of this many then resort to "time" as the default argument. If your investments are not profitable today there is no guarantee they will be profitable in the future.
Just because you feel a domain has value does not mean it has value. What matters is another party sees it has value and is also willing to pay a premium for it.
At the end of the day theoretical profits don't pay the bills...
Price wise....put it high to allow room to negotiate down to 10%...so i got plenty room to move...if i put 10% price as you suggested, i got no room to move up...you leave money on table.
Also, put high price to put off low-ball buyers.....and attract serious buyers.....
Pitty this tread is still drifting away from the title and gone mano a mano
"Domains you think actually look BETTER as a gTLD than a dot com"
We were talking about better looking as a gTLD, not about being worth more than a dotCom.
If the .COM is the ocean, fed by ccTLD as rivers and the gTLD are ponds that might dry up or run over, it doesn't mean there are no fish in these pond.
But if you have been fishing the .COM ocean with a whale trawler catching whales like XXX.com it might be hard to get back into a rowboat and fish the ponds for ABC.xxx.
Wishing you all a great night.
And worse yet, unlike buying stocks and holding them as a value investor, with domains you can't simply sell them back into the market and they don't pay dividends. They cost you x% per year.
One can't ignore numerous sales reports of ntlds, many-many sales being non reported. Just like with any extension, one must do research before registering any. In case of ntlds maybe even more rigorous research. I'm not very com guy, but I think there are not many available dot-coms that can be hand registered and later sold for mid four-five figures same year. I think it happens more often with ntlds. Not to mention numerous low $xxxx sales of freshly registered ntlds.
That said, I feel bad for those domainers who listen to ntld critics all the time and don't bother to think a bit about reported ntld sales. Those domainers are going to lose opportunity as well.
There are many sold domains for gTLDs.....check out the latest sold gTLDs at http://sold.domains/latest-sold-domains/
Who say gTLDs got no value?
Who haven't sold any.
How many end-user sales ?
hollywood.lotto (how to become an instant actor)
Who's buying ? Who's collecting?
Here is the problem:
You can't overcome an objection by a customer with an insult or a dismissal. You MUST address directly or you lose the sale 100% of the time. That's just the LAW of sales. I did not invent it. I just abide by it. Been around THOUSANDS of years.
Ignoring or minimizing objections without a solid and bonafide answer is a loser.
Objections are concerns. When you delegitimize someones objection or concern the seller LOSES!
So for years instead of having answers for the HUGE PITFALLS that GTLD's have, an emotional insult is easier. It's human nature but it is the kiss of death in business, sales and marketing.
Ignoring those pitfalls will be VERY costly. Examine them. Look at them. Don't be afraid of them. Ignoring them won't make them go away. Arguing your point won't help persuade anyone. Me pointing them out is a SOLID not a threat!
If there are no end-users buying, some investor will be left holding the bag !
My plans are, it will not be me !
You guys can speak of the recorded sales all you want,
but there has to be a end-user or it is a bubble market.
Why do you think recorded dot-com sales are end user sales lol
The reason why people are not profitable in new gtLDs in first place is that they buy crap names. And they do not manage their renewals well. I know number of domainers with lot of money, who were not careful, and because they are well financially situated they bought domains with hefty premium renewals attached. If I would need to pay 2800 USD per name, and own hundreds/thousands of names, of course I would soon become VERY tired of this game.
Another problem is that some of them blindly apply their long time experience from .com: they had huge success with short names in .com, so they bought hundreds/thousands of LL or LLL in particular new gTLD extensions (also, many times for premium renewals)...and they were dropping everything in 1 or 2 years, lamenting that new gTLDs are not ok..of course they are not ok, if they were not thinking - did they really expect to flip or sell for significant profit during very first year on market which is not matured yet???
So in my honest opinion: profitability of any investment, either in .com, or ccTLDs, or gTLDs depends on the name you choose, at first place. All other then follows. And in new gTLDs in particular, one also needs to be very very careful with renewals. Even if we have great names, if renewals are high, it can not be sustainable long term (as many already found out). And yes, the game here is to amass as much of value as possible, early, and manage it the way that you will still own this value in years in future - of course, few sales during the process do not hurt, and that gives confidence that all is going the right direction. If you will not do it, in few years you will have EMPTY HANDS.
If someone can not pay bills - it is not fault of new gTLDs or ICANN or whatever, it is primarily because that someone simply registered bad names (or even maybe good names, but with non sustainable renewals). It is all simple math
End of story.
It's true but not the end of the story. It's just the beginning of the story.
There will have many millions of drops and that will have a negative affect regardless of the underlying reasons. This is one element and pitfall we can all agree on. But there are many dozens of other pitfalls.
Here is a VERY in-depth post I made about gTLD's. Lots of points made.
The most important thing is that are lot of unreported ngtld end user sales at x,xxx ( I know a domainer who sell 30 yearly, out of his 550 and reports 3) and a lot more end-users who register 2 words average ngtlds for $20, as they are in the top of the search at any registry. The number of these sites is growing at a fast rate. Ngtld end user usage is already on its path and this is all that matters.
More of them resolve to hosted sites within 6 months if not immediately.
You only need to print the DNJ report weekly and check them monthly to figure that one out.
And those sales are 'verified' sales.
I have a hard time trusting anyone else's numbers when so often I can clearly see why they represent the truth in error. But not necessarily because they lie, but do not tell or show the whole truth in the numbers.
Partly because some are lazy and partly just because of ignorance.
Part of the argument of making money with domains depends on what type of investor you are.
If you are a flipper, there is opportunity for a ROI in anything. But you need to do it in volume to sustain your operational overhead with lower margins. Your not looking for the end user necessarily, just a ROI.
But as I said before, if end use is not there, someone is left holding the bag.
But a strong ROI comes to holding a few of the right names for the right end user.
You must be a bit of a visionary.
The problem I see in gTLD's probably resides in the answer to this question.
Where is the end-use and value of .Biz ? It's been around a while hasn't it ?
Many of the all time top sales do not resolve or are parked.
And to answer the question of this thread,
Any domain that the gTLD adds compliment to the name has potential.
I just don't see enough of them to support the registry's operation in the long run.
Unless we are going to charge much more for them in the future.
EDIT: This is still good for a flipping operation, but don't be the last guy in that chain letter.
Sorry, I have to agree with @Rick Schwartz , when I see IBM.guru on a billboard, things will change.
Guru.IBM will be on a billboard long before IBM.guru.
Wait, do billboards still exist?
Separate names with a comma.