question Wonderful! To See That there are People Who DO Not Value Domain Name

[elevator]

There are still many millions of people today that do not know anything about domain name and they use websites on daily basis. They do not know and when you talk about it, they do not want to believe you are talking sense that domain name could be so valuable, especially in Africa; but do such people exist in other part of the world?UP
Cheers.

 

[DomainVP]

Yes, most of the world is oblivious to the process and why having a good domain matters.

Right now top-tier marketers and corporations know the value, small business is starting to wake up, but the general public has ho idea.

Once the general public understands that you didn't have to buy a domain in 1999 to own a good domain right now, prices will shoot up and everyone who is domaining now will be very wealthy.

Only time will tell, but I think that's a pretty accurate forecast for the future.

If you look at most auctions, even for the good names, there are only 200 or so bidders for the one word .COM's. Sure the auctions can go into the high 5 figures or more, but there are 7 billion people on the planet... and only 200 are participating in high end auctions.

Then look at 'good' names; EMD, very brandable, 4L, etc... Most of the times you will only see 10 - 20 bidders. Again, 7 billion people on this rock, only a handful bidding.

Domains and domaining might be old to those few that have been doing it for a decades, but it is still very new to the entire world.

 

[garptrader]

Half the world's population lives on no more than $2.50 a day (about 20% on less than $1/day). Much of the world has more immediate concerns than domain names when a Facebook or Youtube account is good enough.

 

[elevator]

O Kay, I seee !