If there was ever a “you had to be there” week it was probably Webfest. There was so much information being passed at the conference and afterhours parties that can’t be shared it was crazy. Most of the info was just deals that had been done, how people were making money, and other gossip and information. The majority of the info can’t be shared and it won’t. Any blogger knows that’s the first thing they say is “Don’t publish this”. And I won’t but I will generalize.
Two of the main events were both “no photography, no recording” events. Kim Kardashian asked that no photos or recordings were made of the talk. While I have both for my personal keepsakes I won’t publish them because Kim and Oversee were nice enough to let me participate in a photo shoot after the talk that I can publish (photos later). The same was true for the Magic Castle, but for a different reason. The magicians don’t want you figuring out the tricks through photos and videos. They did make time for some shots after the show. But those two weren’t the weren’t the only things that were on the down low. Here a few more.
1. I got to talk to a few of the Google guys for quite a while. They finished up a big domain parking project back in November that will go into effect fairly soon. Some say it will change parking, I don’t think its anything close to that. I think it will only change parking for those that are doing things on the fringe.
2. A million dollar domain sale is about finished. It was interesting to watch the discussion throughout the week. It’s funny watching people talking about spending a million dollars like I would consider buying a new bicycle. “It’s nice but what am I going to do with it?”
3. Some businesses are doing well, a few aren’t. One or two are about to disappear after one more go at it. Thankfully, the businesses that are about out of cash won’t really effect any customers and their money.
4. Braden Pollock (I know he Google alerts his name so hello Braden) is getting ready for big things (more big things). For many of you he is going to make you a lot of money and himself even more. I am going to prepare for it until it’s ready so I can participate.
5. Morgan Linton is playing with the big boys. Morgan is doing great things with great people and I’m proud of him.
6. The big money is in the buildouts. Domain owners that are concentrating on buildouts are doing very well. Not only do they own a great domain, have consistent income, but they also have a business that can be sold. Every discussion I had of those that were having trouble monetizing were they guys that were building out 100 sites a month. On the contrary the guys raking it in had one or two a year. Not a coincidence.
7. The domain companies don’t like the bloggers that bitch all the time. Several conversations included companies asking why we don’t try and contact them directly before writing. I’ll give one example. Talking to the nice representatives from DomainNameSales they told me that somebody had complained about not paying via MassPay on Paypal. There are jurisdictional issues with paypal and they can’t use it from the Cayman Islands. Yet the article was written without prior communication to ask why? In short, the reputation of bloggers is pretty good with domain investors, pretty weak with domain companies.