Domain extensions, are just receptacles. They have no inherent value or prestige. Move the legit content and promotion into the other TLDs, and this .COM "royalty" will become a "commoner".
The same could be said about fiat currency. It has no built-in value. It derives its legitimacy from trust in the backer(s).
We know for a fact that all extensions are not equal. They are only 'equal' in a technical sense (more or less). You can build a $1M condo in the ghetto but it will not be as valuable as if it had been built in Bel Air. Yet the materials are identical.
Yes, but many successful brands are made from words that mean nothing, its the work put into them, not necessarily the name/domain itself.
Yes, I appreciate that.
You can build a thriving business without a premium domain. But if your domain is really bad, it will always drag you down and limit your growth (ie when the domain is unpronounceable or unbrandable or not memorable).
Now, if you have a great domain, it will give you some credibility when you hand out business cards in trade fairs - I know this for a fact. LLL.com or LL.cctld are eye catching... sometimes people are surprised a domain can even be that short.
Buying a good domain can be a competitive advantage, especially when you are starting out a new business venture and want to stand out from the competition.
The 'any domain will do' logic is valid only to a certain point. Some companies like overstock or deli.cio.us.whatever tried to be creative, with mixed results at best.
Major, branded companies like Google or Microsoft also own quite a lot of very premium domains. I don't think many domainers have ever paid attention to their portfolios.
These companies have multiple traffic sources, they don't get all that traffic from their one single corporate domains.
There is no shortage of 'okay' domains. But domains that are really
great are hard to find for reg fee.
The reseller market is flat but the good news is that sales to end users are still going strong. There are end users who they get 'it', those who don't - don't waste your time trying to educate them, it's their loss.
BTW most domainers don't get 'it' either so they don't achieve good results in domaining.