My Mom never told me to count my eggs or what basket to place them, she told me to I better learn to raise chickens if I wanted to always ensure that I had eggs. The new gTLD owners and the registrars own the chickens. And they’ve let you either pay more to get in line first, or they’ve kept the best eggs for themselves. Not even telling you they’ve kept the eggs and let you go on a hunt for a prize that doesn’t even exist.
I realize it is going to take time to perfect the rollout of the newest domains but I truly feel that this is not going to be profitable for most buyers and will take many many years for the new domain owners to realize any gains. There WILL be winners and profitability. In 3 years if I list the top 100 people that have made the most money from the new domain rollout how many do you think were people that bought the names themselves. I will guess 1, maybe two. Everyone else will be on the other side of the model.
I am going to buy some of the new names. Names that I believe others will want. Evidently Frank and I agree on good names because he kept every damn one I wanted from his tld for himself. For marketing he said. Wrong. It’s to sell for more later. That’s not marketing, that’s good business. For him. Frank Schilling has not gotten where he is by giving things away. He knows what people are willing to pay for and plans accordingly. The only thing I disagree with is not giving me that list of names that I can’t buy. I wasted way too much time trying to buy names that I had zero chance buying. My time is valuable and I absolutely hated wasting it the way I did. I could have used it in a more productive manner which brings me to another point.
The biggest thing the pumpers of the new gTLDs are missing is opportunity cost. It’s not just about whether you are going to make an overall profit in your purchases, it’s how much more did you make than all the other investments available with that money. Would you have been better putting that money in Google or Tesla Stock? Maybe bought a few bitcoins. How about just putting that same amount of money into a few nice dot coms. What if you put all your money and time that you would have chased down names into a website? There are a lot of things to put your money into that you have to weigh the returns against. Everyone has different methods to their investment strategy. Some say diversify, but my domains ARE my diversification. I have land, real estate, stocks, bonds, a business. Domains represent a small percentage of what I do so I have no need to diversify even further. I am here to kill it. I have had the best luck in my investments by finding a niche I can study and learn better than anyone and hit it hard. Domains are a lottery ticket. Even better analogy, a sports bet. Every single purchase contains risk above your control. Your wins and losses will be based upon your good choices but in reality you have no idea which domains are going to sell. If I made most domain owners choose 20 of their best 300 names that they thought would sell first I’m pretty sure they’d be wrong. It comes down to that end user that happens to need that name. I figure the better names I have the better chances of a sale. No guarantee, just higher odds. I don’t need everyone to believe my domains are worth paying a good price for, I just need one. It just helps the price if it’s more than one. And domain buyers often come out of the blue. There will be LESS out of the blue people coming for your new domains
It absolutely will be harder to make money with the new names. Unlike the dot com, this isn’t a case of getting there before everyone else. The owners aren’t going to let you have them for having a fast finger. Frank especially, he invented the fast finger and the programs that gave him that ability. He’s not going to allow someone else to have that same strategy. Those days are over. And the names that you found before everyone else? They let you have them. If they thought they could make good money on them they’d be tied up for “marketing” as well. Sure, a few will slide through. Early buyers are going to make some money. But just like the sports betters, there will be winners, and they will tell everyone about their winnings. But back at the sportsbook the casino and their owners are raking it in. If you think this is any different then I look forward to selling you some eggs and the baskets to put them in.