Take for example .Bowling I would Owne run and profit from. Bowling.Bowling Balls.Bowling Bags.Bowling Shoes.Bowling Pin.Bowling and all the other good keywords. Of course one would be forced to pay for Web Site Development and seo. I would guess that it could be highly profitable to take a big piece of the Bowling market.
I disagree. There are about 10 spaces on the first page of Google to make any real money out of. Every year thousands more sites compete for those spots, every year the sites already there get more backlinks, more content, more aged, and harder to dislodge.
A couple of months ago RegistryPro held a Best of .pro contest. I voted for BanquetTables.pro, do you know why? Because it was on the third page of Google and that was about 10 pages higher than it's nearest rival and this was supposed to be the Best of a whole alternative extension contest.
Are you aware that only 20% of internet users click through to the second page of search results on Google? In my development, I have got to the first page of Google once, with a 1998 regged .com exact match of the search term, and even then only temporarily, I fell back to page 2 after a couple of weeks. There was a noticeable shift in PPC between first and second page, virtually nothing on Page 2, maybe a buck or two a day on Page 1.
A site like Pin.Bowling would rank absolutely nowhere, any prospective registry owner would be better off regging TenPinBowling.pro, it's still available, and develop that for nothing. They would have a more keyword dense domain, people search for "Ten Pin Bowling", they don't search for "Pin" and it would be be an older reg and therefore rank higher with the same content, SEO and backlinks as any new extension ICANN is planning. Better still, they should go and pick up the .net or .org cheap because that will probably be regged years ago and give them the same ageing advantage of .com without paying .com prices.
New extensions are fool's gold. If RegistryPro and .pro domainers aren't making any money and .pro sounds impressive, works with virtually any keyword, has been available since 2005, and 15,000 US trademarks have the word Pro in, .bowling and the 100 keywords that work with it are in for a bumpy ride.
I'm not convinced new extensions will increase the value of .com. I started off as a .com investor, moved into .info, then onto .pro. Had I stayed in .com, that would have been more money pushing up .com values. New extensions slightly reduce the value of average to good .coms, we haven't seen that in the last 5 years because the slight downward pressure new extensions exert has been more than wiped out by more people getting into domaining. The market for single word generic .coms is less effected by alternatives because a business making a bid for Mortgage.com might switch their attention to Mortgages.com or Mortgage.co.uk but they are not going to apply for Mortgage.money in a landrush. There is no market overlap.