NameSilo

Purchased for $200,000 Sold for $6,500

Labeled as .mobi in Domain Selling and Domain Sales started by dande, May 9, 2019.

Replies:
86
Views:
3,693

  1. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent VIP

    Posts:
    3,555
    Likes Received:
    7,466
    I agree. That is how it turned out. But I recall at the time reading the web design articles that were saying you would need a .mobi to host your site for mobile phones or it would not work with the coming wave of mobile phones. It is easy for us to look back and say it was silly to pay that much for them, but really, many experts at the time were saying it would be so, and names like Google, Microsoft, etc. do get listened to.

    I understand how people bought into believing that it was essential. I can see how they feel burned. But it is not like any other situation in domains as I see it. Is the lesson don't pay a lot for a .com because it may not last and will lose value like .mobi did? Is the lesson don't invest in anything other than .com? I don't think it is either of those. It is .mobi.

    Perhaps now with a bright future since we have Mobility Open Blockchain Initiative ! :xf.cool:

    Anyway, I can totally see @Rick Schwartz or others who invested at the time investing in them based on the information OF THAT TIME. It is always easy to predict the past, so we should not be critical.

    Bob
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Jurgen Wolf

    Jurgen Wolf Top Member VIP ★★★★★★★★★★

    Posts:
    8,309
    Likes Received:
    6,407
    Such tax optimization practice is common since 90s...
     
    Last edited: May 9, 2019
  3. Jurgen Wolf

    Jurgen Wolf Top Member VIP ★★★★★★★★★★

    Posts:
    8,309
    Likes Received:
    6,407
    Or money laundering in the worst scenario.
     
  4. carob

    carob Top Member VIP ★★★★★★★★★★

    Posts:
    3,336
    Likes Received:
    4,082
    We should be critical because it was only ever a marketing plan, though it might have worked. There was plenty of valid criticism at the time, including outside the domain world. All .mobi did was require a site to serve at least one page - just ONE page - in mobile XHTML, which was basically the successor standard to WAP and very limited (to ensure it worked on many phones). But anyone could create such pages on any domain, and many were already using subdomains like m. or mobile. So magazines or articles saying you needed a mobi were just not accurate, either due to hype or just not understanding the technical standards.

    Registrars were supposed to enforce the requirement that a .mobi serve at least one mobile page, but this was not well understood and was not enforced. Some even wildly claimed Godaddy killed .mobi by not enforcing the requirement.
     
  5. biggie

    biggie Top Member VIP ★★★★★★★★★★

    Posts:
    9,278
    Likes Received:
    8,216
    again, back in the day, there were heated discussions about .mobi
    folks in .mobi forum didn't want you to criticize it

    https://www.namepros.com/threads/how-much-is-your-evaluation-news-mobi.269116/

    and, it's pretty much the same push back mentality, when it comes to other new extensions.
    as those who buy in to them (ie: .best, .homes. whatever, etc.), don't want those who criticize them, taking part in the conversation.

    imo...
     
  6. wwwweb

    wwwweb Top Member VIP

    Posts:
    9,200
    Likes Received:
    7,736
    I think @anunt is the one who bought it, and then sold it for a loss to 1-800 Flowers, he can probably verify though.
     
  7. boker

    boker Top Member VIP

    Posts:
    8,326
    Likes Received:
    1,369
    Exactly the same attitude you will find it if you look the other way, from .com legacy owners to ngtlds, so this is subjective. In the end, it could go both ways in ten years, so some precaution will be wise on both sides.
     
  8. .X.

    .X. NameFeature.com Gold Account VIP ★★★★★★★★★★

    Posts:
    7,755
    Likes Received:
    2,973
    Anyone that hasn’t taken a significant loss at some point in domaining is either very lucky or has not extended themself into the high yield spectrum of the industry.

    I remember pre- launch of .mobi , many had high expectations for the extension and were prepared to invest substantially in .mobi

    Back in the day most extensions made their run, some had a longer term run than others, but most hit a trendy period. Keep in mind, their was only new county code extensions and .mobi so to speak.

    .us picked up some steam back in 2008 and 2009 I believe it was, i myself invested in one word dictionary .us and and LLL.us , I made a little money, I also lost a little money.

    The same with .in for me.

    The game has changed now with all the name extensions, .life and the ton of other name extensions. They are very very very risky to invest in, even the ones that are only $2.99 a reg, 2.99 a name adds up quick and taking the loss sucks, but for those who believe in the extensions and invest in them are willing to take that chance.

    Today, with all those extensions, I see it like buying a lottery ticket and keeping a hope and prayer that some how these extensions will become mainstream.

    I don’t have a clue what the internet may use as an address or addresses in 10 years, I speculate .com will still be the main source. But that is pure speculation because technology moves so fast and out with the old - in with new happens so fast I think one can only speculate
     
  9. biggie

    biggie Top Member VIP ★★★★★★★★★★

    Posts:
    9,278
    Likes Received:
    8,216
    actually, it's not exactly the same attitude.
    because back then, which was over a decade ago, .com was king then, as it is today.

    those who where hopeful on .mobi, based those hopes on speculation,
    while .com was already established as top extension.

    .com owners probably engage in those conversations, only to warn those who speculate on new gtld's.
    trying to advise them not to proceed, without considering the failure of other extensions that have came and went, before the next new .whatever landrush.

    imo....
     
  10. boker

    boker Top Member VIP

    Posts:
    8,326
    Likes Received:
    1,369
    Talking about 10 years in the future, it's speculation, even if .com is established. If something has happened before, doesn't necessary means that it will happen again, you can't compare 2030 with 2010, as I said before, it could go both ways.
     
  11. dande

    dande Premium Domain Names VIP

    Posts:
    1,038
    Likes Received:
    771
    I think you're having a complete misunderstanding of the system. If you're so pessimistic about the future, then stop doing anything and wait till you get there. We predict future base on what's happening today.

    As long as 99% of the world's biggest platforms are on dotcom, no amount of changes would shift focus from the extension in the next 10, not even in the next 20 years nor in the foreseeable future.

    Trying to convince yourself that .com will somehow fade in the next 10 years is nothing but self delusion. You can continue gathering your .whatever, it's just a matter of time before you starts dropping them like they're hot.
     
    Last edited: May 10, 2019
  12. xynames

    xynames XYNames.com PRO VIP

    Posts:
    3,084
    Likes Received:
    5,140
    Don’t see why flowers.mobi would be worth even $6500
     
  13. wwwweb

    wwwweb Top Member VIP

    Posts:
    9,200
    Likes Received:
    7,736
    The person who ended up with it at $5k in the end was 1-800 flowers, albeit the second highest bidder when Rick won it for $200k, how is that for irony?

    All domainers lost on it, and the end user ended up with it in the end for a fraction of the initial cost.
     
  14. mAd MaX

    mAd MaX Established Member

    Posts:
    187
    Likes Received:
    148
    .mobi seemed perfect since @Rick Schwartz saw internet traffic will mostly be mobile traffic in the future which is true now proven. Though, that's just 5% reason for buying a nTLD.

    Any nTLD has less chance of success if it's more than 3 letters (com standard). Less is better like .io/.ai (though they serves specific category).

    .app is similar in nature like .mobi
     
  15. xynames

    xynames XYNames.com PRO VIP

    Posts:
    3,084
    Likes Received:
    5,140
    I don't think the number of letters in the extension guarantee anything. Just, if it takes off, for whatever reason (i.o. was deemed to be input output techie related, a.i. too artificial int.), it takes off.

    What about .ac .ae .ag .al .am .as .ax etc. etc.

    .ac
    .ae
    .af
    .ag
    .al
    .am
    .as
    .at
    .ax
    .be
    .bi
    .bo
    .by
    .bz
    .cc
    .cd
    .cf
    .cg
    .ch
    .ci
    .cl
    .cm
    .cn
    .co
    .cr
    .cx
    .cz
    .dk
    .dm
    .do
    .ec
    .ee
    .es
    .fi
    .fm
    .fo
    .ga
    .gd
    .gf
    .gg
    .gl
    .gp
    .gq
    .gr
    .gs
    .gt
    .gy
    .hk
    .hm
    .hn
    .ht
    .id
    .im
    .in
    .io
    .ir
    .is
    .je
    .ke
    .kg
    .kz
    .la
    .lc
    .li
    .lt
    .lu
    .lv
    .ly
    .me
    .mg
    .mk
    .ml
    .mn
    .mq
    .ms
    .mu
    .mw
    .mx
    .na
    .ne
    .ng
    .nl
    .nu
    .nz
    .pe
    .ph
    .pk
    .pl
    .pr
    .pt
    .pw
    .qa
    .ro
    .rs
    .ru
    .rw
    .sb
    .sc
    .sd
    .se
    .sh
    .si
    .sl
    .sr
    .st
    .su
    .sx
    .sg
    .tk
    .tl
    .to
    .tv
    .tw
    .ug
    .vc
    .ve
    .vg
    .vn
    .vu
    .ws

    not every one took off.
     
    Last edited: May 10, 2019
  16. mAd MaX

    mAd MaX Established Member

    Posts:
    187
    Likes Received:
    148
    It does imo...any nTLD with 2 letters will do better than other nTLD...is there any 2 letter nTLD?
     
  17. SirDrago

    SirDrago NAME JEDI VIP ★★★★★★★★★★

    Posts:
    3,639
    Likes Received:
    7,870
    You hit the nail on the head with this statement.
    Mobi was getting a lot of hype and many banked on .Mobi being dominate in the evolving world of portable phones.
    I hate to admit this here and now but truthfully if you look at the whois history for "Withdrawal.Mobi" you'll find my name lol
    I was suppose to be the papal of yesteryear. Even pitched for financing and had backers.

    *On topic
    Everyone is looking at flowers. Mobi from the flipping for profit view. If either of the past owners actually developed the domain they would have recieved their money back and then some. IMO
     
  18. wwwweb

    wwwweb Top Member VIP

    Posts:
    9,200
    Likes Received:
    7,736
    Your right .mobi's release of premium names actually broke sedo, people were lining up, fighting each other to pay hundreds of thousands of dollars for generic .mobi. That auction ended very badly, especially for music.mobi, which I believe sold for like $600K or something, as the second highest bidder claimed technical issues with the site.
     
  19. mAd MaX

    mAd MaX Established Member

    Posts:
    187
    Likes Received:
    148
    These ccTLDs man...specific to a geographical region whereas nTLDs are open to everyone
     
  20. mAd MaX

    mAd MaX Established Member

    Posts:
    187
    Likes Received:
    148
    .site is 1000 times better and extremely relevant than any nTLDs but couldn't do well.

    .mobi was hyped. By the way, it was released golden time of domaining. Everything was selling like hot cake (crappy coms) ! 😆
     
  21. SirDrago

    SirDrago NAME JEDI VIP ★★★★★★★★★★

    Posts:
    3,639
    Likes Received:
    7,870
    Exactly, 2005-6 was the height of the e-bubble. Then the crash in 2008 ruined alot of lives and dreams.
     
  22. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent VIP

    Posts:
    3,555
    Likes Received:
    7,466
    I have not looked deeply but don't ICANN require all other TLD to be 3+ so there is not confusion with country codes? I don't know of exceptions but could be wrong.

    .mobi was not a new gTLD (as ICANN define the term) but rather an alternative legacy like .tel, .name, .asia, .pro, .info etc. but to me it does not fit with those either. It was a one purpose extension that tanked because that one purpose did not come to be. The auction driven high values of .mobi names made the fall very hard. I was not active in domains at the time, but feel badly for those who lost big.

    Bob
     
  23. SirDrago

    SirDrago NAME JEDI VIP ★★★★★★★★★★

    Posts:
    3,639
    Likes Received:
    7,870
    To be fair everything in 2008 tanked
    I know many who lost everything house, job, wife/husband etc...
    People were literally jumping out of windows on wallstreet. I honestly believe that the financial crises in 08 affected .mobi as well as all matters in life.
     
  24. xynames

    xynames XYNames.com PRO VIP

    Posts:
    3,084
    Likes Received:
    5,140
    You referred to .io and .ai and I listed a bunch just like them. Where do you think io comes from? io is a ccTLD too. So is ai

    Anyway my point was that whatever the domain, two letters doesn't guarantee success, and I listed a bunch of them. If your point was that two letter nTLDs are better, your listing .io and .ai as examples makes even less sense.
     
    Last edited: May 10, 2019
  25. mAd MaX

    mAd MaX Established Member

    Posts:
    187
    Likes Received:
    148
    You are right. I meant nTLDs with less letters.

    Seems there are many dot com holders in iCANN board! 😉
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
Topics / Tags:

Share This Page

NameWorth
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...