.tv Premium Renewal Kills another sale...

[TLDnetworks]

For the second time the $500 premium renewal has killed the sale of one of my names... In both instances the buyers balked, refused, and commented on the stupidity. As EQ knows, I am VERY ANTI premium renewal, this this does nothing but fuel the fire... 8-X

I've got no problem with "Premium Registration", but have said from day one that keeping the renewals at a premium level sucks and could hold the name space back. :td:

 

[*AllThings.tv*]

which name if you would not mind mentioning? If you do not want to mention it, I completely understand! Sorry to hear about this.

 

[Broker]

Yes, wonder why the $50,000 premiums havent sold yet LOL

Greed will eventally hurt DM and leave all their eggs in the me.tv basket.

 

[CarryOn]

Never good to hear about a sale not going through. Sorry. The premium issue does complicate negotiations with those unfamiliar with .tv (or other extensions like .fm who have premo pricing)

Too bad they don't do "premium" names like .mobi - auction off the premium names to highest bidder with standard reg. Targeted end-users could be contacted ahead of time and compete on a level field. Unleash dot TV; and watch the extension rocket.

 

[del.icio.us]

At least they should consider revising the policy for the premium names. They can charge the premium prices during the initial registration, and afterwards the renewal fee should be the same as the non-premium names. If they modify their policy like this, 99% of top quality premium names will be sold within a day or two. Any thoughts?

 

[kubativity]

You have to ask yourself would you have had the chance to own this name if it were not a premium priced name? Probably not. most likely it would have been taken!

 

[Makis.TV]

kubativity, after that question i asked myself once more, if i could keep holding those premiums and the answer is NO!

 

[Pred]

its okay if you realy want a name and are gonna make a big dev. project.
i just bought one & renewal is $500. it hurts but the project is worth it and could be huge.
thats it though, don't need anymore .tv domains. i have 2
england.tv for example is $100k a year i think lol
it'll never get bought. EVER
They need to revise policy

 

[johntv]

For the second time the $500 premium renewal has killed the sale of one of my names... In both instances the buyers balked, refused, and commented on the stupidity. As EQ knows, I am VERY ANTI premium renewal...

Sorry to hear that Lance, although I agree with kubativity, if there were no premium prices I had a very simple .tv portfolio as all premium names would have been regged long time ago.

I had a couple of offers and I always reply with the renewal price and noticed that low bidders back out and serious end users really do not mind and do not care. A few days ago I got an offer of $200 on brazil.tv, a $1,000 renewal, normally I do not even reply on these offers, but this time I mailed the renewal price with a short explanation, I got a reply that he did not know that and wished me good luck, these kind of bidders would have had brazil.tv long time ago if there where no premium prices.

A few months ago I got serious interest in a two letter .tv and could see in his email address it was an end user. I replied the same way and in his next replies he did not even mention it, he just did not care, not important.

$500 a year (although a lot of money for us), for a serious end user is really nothing, their office rent is probably already at least 100 times more every single month.

Personally I am happy with these premium prices, it gave me the opportunity to work on a decent .tv portfolio and they also seperate the men (serious bidders) from the boys in my opinion.

I'm sure and hope you will end up selling this one to an end user who does not care about the renewal, they are the ones paying 5 to 6 figures and the ones we look for.

Just forget about these 'non-serious' bidders who already jump for a $500 renewal

Good luck!

John.

 

[antonis12]

I agree completely with JohnTV. A serious end-user will not think twice about a $500 renewal, though a reseller probably will...

 

[smashfactory]

then why are names like business.tv still avail? where are the "men"?- its not rocket science- the name is avail- any large company could have swooped it up months ago- there doesnt seem to be a line at the door-
a serious business does not let such an investment sit knowing any large biz can take it- yet, no one has...
you dont think the big guns know about these names? the hell they dont-
i think at this point anyone who takes is going to look foolish- no one leaves gold at the door- and there these nuggets sit- i would not admire anyone who paid 100 grand a year, for a domain name- not one bit-

 

[mkylut]

100k a year is just

I agree completely with JohnTV. A serious end-user will not think twice about a $500 renewal, though a reseller probably will...

A serious end user will think 10x for premium renewal imho.

then why are names like business.tv still avail? where are the "men"?- its not rocket science- the name is avail- any large company could have swooped it up months ago- there doesnt seem to be a line at the door-
a serious business does not let such an investment sit knowing any large biz can take it- yet, no one has...
you dont think the big guns know about these names? the hell they dont-
i think at this point anyone who takes is going to look foolish- no one leaves gold at the door- and there these nuggets sit- i would not admire anyone who paid 100 grand a year, for a domain name- not one bit-

Exactly

 

[johntv]

A serious end user will think 10x for premium renewal imho.

With all respect, that's not what I have experienced so far.

I have had a few (around 5 or so) serious end users interested in some of my premium names and I have always mentioned the renewal fee right from the start (also to 'scare' of low bidders) and not a single time this was an issue. The strange thing is that it was not even discussed or mentioned after me telling them, they just did not care as it was a relative low amount to them.

If a serious end user is thinking 10x about a renewal price of say $500 to $1,000 a year, he / she is just not that serious and will probably bid a little above the renewal fees you paid so far to make sure the seller is making a little profit, that's not what I call serious in my opinion.

Of course I'm not talking about renewal fees of $500,000 a year or so (business or news.tv), that's a different piece of cake

 

[smashfactory]

500.00, 1000.00
those are reasonable costs to run a business- i mentioned business.tv because i was more talking about the load of names at 10 grand and over- even some at 5 grand that make no sense.

and i do not think because someone is willing to pay 5000.00 up front for a name, but not yearly, is not a serious buyer- thats not fair at all- in a world where business.com has a renewal of 10 bucks, why in the heck would anyone thing it was just fine to be price gauged over a tv-

 

[Len]

I am a member of another forum for webmasters and domainer's. I recently posted an appraisal for a Premium .tv I have for which the renewal fee is only $47! I could not believe the responses I got from "Domainer's" re the expensive renewal fee!! There was also a total lack of knowledge regarding the fact that you can only purchase Premium's at Enom! I think if "Domainer's" don't know about the .tv premium pricing and purchasing restriction's then how are the general populus supposed to know??
If you search for any premium on any other registrar other than Enom.tv it will show as taken wether it is or not....That IMO is the problem. Folk's don't know they are still available or where to go get them!

 

[gr8trfoo]

and i do not think because someone is willing to pay 5000.00 up front for a name, but not yearly, is not a serious buyer- thats not fair at all- in a world where business.com has a renewal of 10 bucks, why in the heck would anyone thing it was just fine to be price gauged over a tv-

Whats "fair" and whats "profitable" are usually 2 different things.

While there does seem to be a perception in the world that domains should cost a small nominal fee to maintain registration its a perception thats based only on custom and familiarity and not on P&L statements.

One one hand it barely costs anything to have a domain name in the zones and there are those who argue that domains should be virtually free (usually the same people who think speculating in them is practically a crime). But on the otherhand a certain domain might be worth millions a year. I know several guys who earn 100k+ on a single PARKED domain.

My answer to those who bought premium .tv's and now complain that the few potential buyers thus far have balked over the premium price: Domain speculating is risky business. You took your chances in buying the thing so quite whining and get used to it or get out of the game. We all know there are premium names not worth the price asked and there are (were?) prems well worth it.

News.tv and Business.tv will likely never be sold to a speculator for 500k. But I do imagine that someday soon the perception of value will be such that a Rupert Murdoch or a Barry Diller will step up to grab the both and will laugh all the way to the bank at the incredibly small price s/he had to pay to acquire such an obviously valuable franchise.

If you want to wake up you "buyers" to economic reality just remind them that the "renewal fees" on their home or office park are likely to be based on a percentage of value as perceived by their local tax accessor. Explain to them that .TV is like that. Its a pay-to-play proposition. Remember too that the pessimist knows the cost of everything but the value of nothing and dont waste your time trying to deal with the pessimistic.

I've bought a number of premiums, maybe 30 so far. The most expensive sets me back $1750/ year but I have no intention of selling it. Maybe if someone came along and offered me a ridiculous figure along with some equity I'd think about it. If I ever do decide to sell I might second guess the premium fee and bump it up 2, 5 or 10x - get it? They pay me 15k/year and I pay DM $1750. Think about that.


BTW -who's coming to Seattle for DRT?

 

[smashfactory]

why would Rupert Murdoch or a Barry Diller be laughing all the way to the bank? maybe if it was news.com.....
i would more venture to guess they would be laughed at- just because you can wash your windows with hundreds doesnt mean you throw your money away on such purchases-


I know several guys who earn 100k+ on a single PARKED domain.

hey, thats great- i am sure they are not paying 100,000 per year in renewals tho- and these are .tv parked domains they are earning this on?

 

[TheBulldog]

Tell me the parked names so I can buy the tv version.....

 

[gr8trfoo]

why would Rupert Murdoch or a Barry Diller be laughing all the way to the bank? maybe if it was news.com.....
i would more venture to guess they would be laughed at- just because you can wash your windows with hundreds doesnt mean you throw your money away on such purchases-


I know several guys who earn 100k+ on a single PARKED domain.

hey, thats great- i am sure they are not paying 100,000 per year in renewals tho- and these are .tv parked domains they are earning this on?

I don't know how long you've been at this Smash but you might recall that it wasn't so long ago when most of us were being laughed at for buying .com's. If you believe in .tv then you must believe that in x years it will be experiencing a huge type-ins. It may NEVER surpass .com but it might be where .com is now in the not too far off future. Thats exactly what I'm betting on. I'm convinced that if I just wait I'll be rewarded handsomely. I don't intend to just wait, I think its development time but should I decide to do nothing and just wait it'll still be a great move.

If it were certain that .tv was the shit then the game would be all over wouldn't it?

You dont think Business.tv or News.tv is worth 500k a year? Ask yourself, how much is a good brand worth? If you wanted to start a brand new video-based news or business channel/website could you really ask for a better name? Just how much money do you think is at stake in this game? Murdoch's an idiot for not having already bought both just as a defensive registration. Esp after agreeing to pay 5B for DowJones.

Tell me the parked names so I can buy the tv version.....

Too late, Showbiz.

 

[HBK216]

I don't see how people can agree with the premium pricing setup. I am seeing some comments along the line of it helping to acquire a nice portfolio. Somehow I think a different tune would be sung if it didn't.

The pricing structure is hurting more than helping this extension. In reality only a small percentage of people have been helped by this setup. Unfortunately helping only a small % will not contribute to this extension becoming what it can be.

I could support premium pricing as a one time fee & a regular fee structure afterwards. If this extension was being handled properly, names like Business.tv & News.tv would have been gone already. Who would want to pay half a million a year for a name when they can execute the same things on their .com for much cheaper?

Maybe an auction setup would have been a better idea to get names out there in productive hands. It would be a whole lot better than watching the names collect dust in a corner.

I forgot who mentioned the idea of even possibly giving away certain names to specific companies. While I am not 100% sold on that idea, I do see how it could be effective. Maybe the names could be given away to certain companies with an ad revenue cut included.

The way things are going now, the people keeping this extension going in its early stages are fellow NP members working on legitimate (non ME.tv) projects.