There are people who think just because a domain isn't an ultra premium .com, that the rest are worthless. They even tend to give more weight to a a .com with crappy and awkward keywords than a different extension with excellent keywords that tell exactly what the site is about. Yes end users preffer the .com, but most good .com domains are unobtainable for most groups.
Besides. Who cares if you buy i.e. an OKAY .org domain, which fits a business, at reg fee and manage to sell it for just $xx... Do that over and over again, and you can make $xx money for an hours worth of work finding/researching the domain.
What are your thoughts? Any truth in their beliefs?
Personally I think I'm going to be laughing all the way to the bank with this business model, while they are getting into frustrating bid wars with .com domains for the small cost to them of lots of $$$$$$
Okay. Laugh Your way to the bank.
So do I, too, and many others. What makes You think most End Users prefer .com? What is a Premium domain? Where did You get that information from? What makes You so sure it is correct? Where can one find from what survey Your decision comes? Where can we find the Industry Norm about domains?
You are free in Your beliefs, but I sell my stuff to them who pay what I ask, and not to them who try to get my stuff for almost freel based upon some appraisal. I am 64 and on the Net since 1993. I am well educated about economy and Internet related matter. I have a little website at DotComsOnly.com. I sold and still sell on many platforms. I'm okay and I could do even better.
The thing is that not everybody sees what we have for sale. And even then then people are probably not interested in having it at all. What is Premium for one may be crap for somebody else and vice versa.
This aside, if there would be some interest to get something one person has, people usually want to pay little to nothing to have it. Name this conduct as good business or just greed, but it is built in human nature. People just don't want to pay.
Don't forget the basics of the game: Demand and Supply. All the theories about value of the SLD domain element (descriptive, length) and the TLD element (gTLD, CC) are just how some groups see things. Each and every person has personal needs and desires, and that is so about Internet domains.
The original poster does here nothing more than asking the n-millionth time asked question on the Internet: What is a domain really worth?
Answer: Value is in the eye of the beholder and in the eyes of the ones who desire the item valuated.
Briefly, if You want something, then pay the price.
The appraising industry is non-scientific. Each appraiser has in-house methods, based upon in-house interpretation of statistics. While the numbers of each survey are mostly correct, the interpretation can only be subjective. A number of people accepts appraisals for reasons they know, and a number of people does not believe in appraisals.
There is no way to know if an item will find somebody to pay for it the same price as it was paid for yesterday or today. Yet, the latest price paid for could be easily accepted as nearest to reasonable.
About the Crappy dot com etc. remark I think Crappy is Crappy with any extension, and that good business goes before a brand. It is about ROI rather than about fame. To make money that is.
The Internet has great potentials, and millions of people want to make easy money. On a shoestring, of course, of for free. They are the people who talk about over paying, over pricing, and under pricing, etc. all the time. They are the frustrated and jealous wannabe millionaires that envy people who made a good deal in their life or who just inherited some nice sum.
Who cares about what others earn? It is about our self.
Success!
