If you read the blog you know I am fascinated with Chinese domain investors. As a business person you are always looking for new markets. Trying to get into markets that have high barriers to entry so that once you’re in it takes a bit of work for others to follow. The Chinese domain market is such a market for an American investor. The barriers to entry are the language, the currency, and the difficult financial transactions. 4.cn is trying to make all of that easier and if you follow the great prices their auctions are reaching, then you hope they succeed. Take a look at some of the prices of some of the domains at auction and there is still several days left at auction.
BaoBei.com “Baby” is at $140,000 with 14 days left
Zy.com is at $77,000 in a no reserve auction
838.com is at $47,000 and 14 days left
798.com $39,000 with more to come
And these are the types of names that are selling there but never get reported because 4.cn doesn’t report names and the list makers aren’t checking. If any of these names make reserve (ZY already has) they will be atop many of the weekly list and the monthlys as well. While 4.cn does advertise with me this isn’t an ad or an instructional guide on how to best use 4.cn or sell in the Chinese market. Those are things you’ll have to do your own due diligence to learn. All I can offer is to put you in touch with an English speaking broker or assistant. The domain investing world is HUGE and it’s much bigger than the United States, Europe, or other English speaking countries. China has more people than any other country in the world and they LOVE domains, especially numbers. Combine that with a percentage of the country that is flush with cash and you’ll see how much growth we still have in our industry. We just have to move into a new, uncomfortable market to tap it.