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I want a Mercedes. That isn't the point. Very few companies will become large enough to afford a domain for $XXX,XXX++ OR by the time they can, they have already branded their original domain.
Typical domain sales are low 4 figures and even less than that. Domain names are NOT overpriced assets at all. They are overpriced for individuals maybe, but not for normal, profit-making businesses.
The domains that sell for 6 figures are usually premium generics and the occasional fluke.
I wonder if FS is really sincere, but domainers must always keep in mind that he's in a very particular position. He sells gTLDs. He holds a licence to print money. He can make a profit because he's on top of the food chain.
There is still room for growth in ccTLDs, so my strategy has always been to stick to .com + a healthy dose of .net .org AND mature ccTLDs.
Vanity and exotic extensions make sales too unpredictable.
It's never to late to catch the train. It's often preferable to be a fast second rather than the first mover. Let the other people take a stab first. Sit back and watch.
We are living in a new paradigm where voice search will become the norm. There will not be type in traffic. No one is going to remember the extension when Google has hundreds of choices when you want flowers. ???. HOW they are going to handle it is anyone guess.
Twenty years ago, you could read on SEO forums that domain names would become unimportant because navigation takes place through search engines. The people making those statements all missed the boat. This is pretty serious when you pretend to be a SEO expert but don't understand domain names. This kind of flawed thinking is still widespread. Fact is, few people get it, and this is part of the reason why masses are not ready to embrace new extensions.
Remember Myspace? I do, it practically ruled the internet world as we know it, now its nothing but a distant memory.
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.com is king now, no doubt, but its bound to be replaced by a more relevant version, why is com relevant when it means nothing?
Websites come and go, but they still run on .com and HTTP + TCP/IP. Domain names are Internet infrastructure, so this part of the Internet is very stable and moves very slowly. But domain names are also essential for branding, and national pride/identity when it comes to ccTLDs. So I can tell you ccTLDs are very relevant
Definitely more relevant that the jTLDs (joke TLDs) that icann is releasing in April fool's day mode.
Remember....history always repeats itself.
I can only emphasize this. I've been telling this for years and years. But I know I sound like a broken record. We are here to sell domains, so wishful thinking is not a valid business model.
I am a firm believer that anything can be sold.
Seriously ? You have to make your time worthwhile too.
If domaining was so easy everybody would be doing it. It is tragic that some domainers are trying to sell their new gTLDs but the vast majority of end users do not even comprehend the nature of the product being pitched.