question What is holding back demand for NewG's?

[Internet.Domains]

What is holding back demand for NewG's?

Is it lack of end user education? Premium renewals? The ability for renewal prices to skyrocket with no price controls? Something else?

NewG's have been out for a half decade now, yet they still have very little demand. The amount of sales by both monetary and volume metrics show there is little demand.

So what gives? What is holding back the demand for NewG's in mid 2019?

(Disclaimer: I am pro-NewG and own a few. I own enough, not to change a lifestyle, but to gain a better understanding.)

 

[bmugford]

Off the top of my head -

1.) There was limited natural demand. It was basically a program that was started to make money, not based on any major need.
2.) The average person doesn't really care about or need a domain.
3.) Too many options. Too many similar extensions.
4.) Too confusing. Premium prices/renewals, tiered pricing/renewals.
5.) If people were interested it would be in cheap, quality options. There are not many of those.
The vast majority of all the best combos were withheld by registries or are now owned by domain investors.
6.) Over-promised/Under-delivered. There are so many cases of registry operators making outlandish claims and predictions.
7.) Shady registry operators. This includes things like forced opt-out registrations, clawing back domains, re-pricing domains, etc.

People are willing to embrace change when it is positive, but really there wasn't much wrong with the status quo that people were used to. The new extensions operate the same way as much more familiar ones like COM/NET/ORG and ccTLD.

Brad

 

[Brian L.]

Forgive me if I’m not keeping up with the lingo. You’re talking about new top level domains correct?

 

[Grilled]

Please welcome Tagging newG affiliated staff members with a nP presence for registry level opinions.

.BEST Staff: @Cyril.Best | @Adrien.Best

.CLUB Staff: @Saas | @Colin Campbell

.GLOBAL Staff: @dotGLOBAL

.TOP Staff: @vicho | @Benjamin Yan | @TOP Registry

.XYZ Staff: @Mike Ambrose | @slatesimmonds | @XYZregistry

Donuts, Inc. Staff @Mason Cole | @Jon Nevett

Minds + Machines (MMX) Staff: @Victor Pitts

Uniregistey Staff: @Frank.Schilling | @Uniregistry | @Matthew Holden | @Jeffrey Gabriel

And feel free to welcome tag anyone at the registry level I may be forgetting, or is/was not listed in the nP staff directory.

 

[Jurgen Wolf]

I don't see very little demand according to my own portfolio results...
It is average... and significantly higher than .info/.biz

 

[Grego85]

no one knows what they are. It is as simple as that.

 

[Keith]

They suck. There’s that...

 

[Jurgen Wolf]

I don't see very little demand according to my own portfolio results...
It is average... and significantly higher than .info/.biz

And ~40% of inbound buyers are coming from the USA...
My own stats.

 

[Hypersot]

And ~40% of inbound buyers are coming from the USA...
My own stats.

Thanks for that.

Were those traffic domains or sold based solely on the domain name?

 

[Jurgen Wolf]

Solely on the domain name...
Short or 1word domains.

 

[offthehandle]

Something else?

The WWW is virtually required to “get it” the simple small “.” isnt visible enough to instantly know it is a website to visit, somebody else mentioned this on another thread. Billboards, buses, etc.
Meanwhile, if you notice advertising has changed to remove WWW and say——> DomainName.com needs no WWW any longer. .COM is the acceptable default like an 800 number is oldest, compared to 877 or others.

“First in the mind” also if you read the 22 immutable laws of Marketing book.

Here:

https://www.nateliason.com/notes/lessons-22-immutable-laws-marketing-al-ries

 

[garptrader]

While .com continues to be the dominant extension, there is usage of ntlds. I have seen some small businesses locally which use new extensions. As well, when looking for end users for a Portuguese .TV domain, I came across a YouTube channel which was using my domain's keyword with .News. But just like .net and .biz and .TV and hyphenated .Com domains, the fact that developers may use them for their websites does NOT mean they are willing to pay four or five figures for them.

Most domain investors believe in the branding power of a reasonably short and memorable domain name. Most end users pay reg fee for their domains and give about as much consideration to their domain decision as you might make deciding what to eat for lunch.

 

[Jurgen Wolf]

Yes, from my experience - average price per domain is high $xxx.

 

[Jurgen Wolf]

I have noticed that inquiry volume also depends on GoDaddy's mainpage... which TLDs are displayed there...

 

[Jurgen Wolf]

So even .TOP is able to get the buyers... but GoDaddy doesn't support it, still no accreditation.

 

[tonyk2000]

The situation with new gtlds (as per press releases issued by registries and their PR teams) reminded me one old french comedy song. It can be the ngTLD anthem: "Tout va très bien, Madame la Marquise" (All Things Are Fine, My Fair Lady).

The marchioness asks questions, and always gets the same answers from her faraway servants: catastrophe upon catastrophe + "besides this little thing, everything's fine, my lady, everything's fine".

http://wikitranslate.org/wiki/All_Things_Are_Fine,_My_Fair_Lady

On a more serious note, in many countries it is hard to compete with local country codes even to .com (UK, Germany, Russia, Australia - just to name a few).

And, in cases where .com is powerful enough (U.S.), many endusers are lost - too many options. Also, if they have "term.string" in ngTLD, they still need "term+string" in .com as a pair, to avoid misunderstanding. But, as soon as you started to use .com - why do you need any alternative string...

 

[Jurgen Wolf]

I had at least a few inquiries from .com owners...
So it is just question of time...

 

[tonyk2000]

Shady registry operators. This includes things like forced opt-out registrations, clawing back domains, re-pricing domains, etc

Yeah, this is a big problem. Wolfs in sheep's clothing... With my - extremely limited - ngtld handregs, such registries (and all the strings they offer) are now explicitly excluded.

 

[Jurgen Wolf]

Repricing can occur only if the domain was dropped... and then moved by Registry into another tier...
With existent regs I never had such issues...

Regarding Donuts and upcoming increase in October...
It should be ~10% or so... and this is their 1st correction for 5 years...

 

[Grego85]

^.xyz just did this last night with digital.xyz

but yes, only when the domains have gone through the drop process. Still frustrating and reeks of ineptitude and greed, that seems to be a cnic trademark.