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Why? God! No...! About .xyz premium renewal?

Labeled as advice in gTLD Discussion, started by Jimmysun, May 21, 2020 at 4:29 PM

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  1. Jimmysun

    Jimmysun Established Member

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    One of my domain Jimmy.xyz is about to expire, I am frustrating whether renew it or not? I like it because it's my legal First Name in my passport but due to its premium renewal($238 fee per year) I feel it's not worth it especially other common names such as Mike.xyz, Sam.xyz, Jim.xyz, Ava.xyz, Mark.xyz, Sophia.xyz etc. are all standard renewals.
    I checked it on babycenter.com the popularity of Jimmy is #981 not quite famous...I wonder why .xyz registry set it as premium??? Should I renew it? please give me some advise...It's not fair and I want some price remission!:banghead:
     

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  2. BaileyUK

    BaileyUK Top Contributor VIP

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    My first question is what do you want to do with Jimmy xyz ? If you were thinking of resale value - then I would drop it
    If your going to develop for a possible income - then do it. You should know within a year, if it's working out. If however if it is just a status buy, (email) Then buy yourself something nice with the money you've saved. There's plenty of posts on NP about the .xyz registry playing around with Premium pricing - Who's to say it wont get worse

    Ps I personally prefer the domain Jimmys that is much more versatile (it's taken)
     
    Last edited: May 21, 2020 at 4:46 PM
  3. Jimmysun

    Jimmysun Established Member

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    Thanks for advise, if this is standard renewal i tend to keep it for myself because I own a business now and maybe will develop it in some day, because I don't know when will that happen so I kind of don't want to hold it for years considered of its premium renewals...but i still like it though...
     
  4. hawkeye

    hawkeye Top Member PRO VIP ★★★★★★★★★★

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    Were you the original buyer of it when it was first released?
    How much was it when you first bought it?
     
  5. BaileyUK

    BaileyUK Top Contributor VIP

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    When your dealing with registries that are well known for playing around with pricing - either grab it for the max years or don't touch it. Once they've got you on a hold who knows what they'll charge you next year
     
    Last edited: May 21, 2020 at 4:53 PM
  6. Jimmysun

    Jimmysun Established Member

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    I bought it last year I saw someone drop it and I caught it after dropping, I bought it around $120 (50% off) the first year promotion.
     
  7. pb

    pb Established Member ★★★★★★★★★★

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    Unless your last name is Xyz, I don't see a reason to stick with this extension.
     
  8. Jimmysun

    Jimmysun Established Member

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    Sigh...maybe I should't buy it at first time...
     
  9. Jimmysun

    Jimmysun Established Member

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    Because ETH allow use .xyz and .lux as wallet address and I have some crypto currencies...it's cool to say wire BTC to my Jimmy.xyz...but it's really a hot potato due to its renewals.
     
    Last edited: May 21, 2020 at 5:04 PM
  10. BaileyUK

    BaileyUK Top Contributor VIP

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    So you already knew what was coming doubt you'll find much sympathy here then
     
    Last edited: May 21, 2020 at 5:13 PM
  11. Jimmysun

    Jimmysun Established Member

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    Actually not quite, I was too eager to reg it after someone dropped I forgot the 2nd year will double...
     
  12. BaileyUK

    BaileyUK Top Contributor VIP

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    Ahh - A classic over eager domain buyer (best stay away from ebay as well)

    This thread will probably die a quick death, now we know the whole picture
     
    Last edited: May 21, 2020 at 5:17 PM
  13. Jimmysun

    Jimmysun Established Member

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    Yeah...I think because it's my name so I was kinda going crazy, I caught it just after few minutes it dropped.
     
  14. DNGear

    DNGear Domainnaut VIP

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    Registry is not changing renewal prices for premium domains. It seems your domain is priced in 250 usd renewal tier. Last year they gave 50% off to all premium domains. You might know the renewal price by the time.
     
  15. griff

    griff Top Contributor VIP

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    the only reason those other names are standard renewals is due to them not being dropped.

    .xyz jacked up all their prices like a year ago I think. I had many 3 letter real words at ~$9 a year, now I can see to reg a fresh random 3 letter it's $200+ a year. I would say drop it
     
    Last edited: May 21, 2020 at 5:30 PM
  16. legendarynames

    legendarynames Upgraded Member Gold Account

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    From an investor's perspective, drop it. Nobody cares about .xyz. If you are emotionally attached to it (you are), then renew it, but that isn't a sound investment decision.
     
    Last edited: May 21, 2020 at 5:23 PM
  17. Jimmysun

    Jimmysun Established Member

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    Sigh... if pandemic didn't happen things will be much different...the virus ate my wallet too much...
     
  18. Jimmysun

    Jimmysun Established Member

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    Thank you, this Jimmy.xyz gave me a lot emotion, I have 2 days to consider it.
     
  19. DNGear

    DNGear Domainnaut VIP

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    I see you got some plenty of good .xyz domains. Did you make any sales? I knew i was always bidding with you. Just curious.
     
  20. Jimmysun

    Jimmysun Established Member

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    Most of them are regged this year and aiming in vr niche according to some reasons, i do get many (around 30) low xxx offer in Dan and my email but i didn't accept it, some of them I regged first and then will filter them next year, I tend to hold it many years to see if it could be matured, and i believe so due to my observation.
     
  21. hawkeye

    hawkeye Top Member PRO VIP ★★★★★★★★★★

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    ehhh, I don't know about that. I got a $750 offer on a 3L first name .xyz last week. Turned it down as I feel/know it's worth more. I sold one 3L first name for $1800. And have sold other xyz's for xxxx. Of course I bought them all when xyz first came out, so renewals are standard.
     
    Last edited: May 21, 2020 at 5:37 PM
  22. Jimmysun

    Jimmysun Established Member

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    You are the Pro man!
     
  23. DNGear

    DNGear Domainnaut VIP

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    Whenever a thread is created on .xyz, Some one will come and say
    Are they really doing a big favour to us? or they bit worried?
     
  24. Jimmysun

    Jimmysun Established Member

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    I believe I could get more offers if I set my BIN price lower, and for that matter I have my own reason too, I am waiting the right time.
     
  25. ABDELDJALIL

    ABDELDJALIL Established Member

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    If your first purpose is business drop it and pick another extension . There are plenty available with regular renewal price , .business for example.
     

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