So Jason Thompson who I like and respect took umbrage with something Toronto Domainer wrote with regards to new gtlds. I read Jason’s article and where I agree with him that new gtlds can certainly be a part of a portfolio, I am not going to say should because I don’t know the risk tolerance and investment goals of each domainer out there.
There was one line Jason wrote that I actually read three times, because I was not sure my eyes were working. “What some are referring to as dot crap can also be looked as being a huge opportunity. If you don’t see the huge opportunity, then you just might miss the next wave which has crippled the so called .com industry to its knees. Even Toronto Domainer sees the impact that the new gTLDs are having.”
.Com is on its knees ? I mean there is hyperbole and then there is a conversation jumping the shark. First off if .com was on its knees every other extension better reach for depends adult diapers because they are going to poop their pants.
The majority of all sales reported retail and wholesale are .com. People are regging 6 and 7 number .coms in big numbers. There are alt extension like Jim Holleran who posted they went out and registered 1700 six number.coms.
There is money to be made with great new gtlds, but it is tricky as you need to buy right and not get caught into overpaying a premium to a registry where guess what ? YOU are the end user, there is only an outlier chance of reselling for profit. You need to be in strings where you can get the good stuff cheap to reasonably cheap. I own some new gtlds, I have made money selling them, one sale covered all my new gtld exposure, but they are high risk and everyone should understand all the market dynamics in play.
99% of what you read on every blog is opinion and not fact, in my opinion .com is certainly not on it’s knees.
Josh says
October 2, 2015 at 5:30 amExcellent insight Raymond as always. My dotcoms get offers everyday. The 20 new strings I own get 0.
Howie says
October 2, 2015 at 7:36 am“People are regging 6 and 7 number .coms in big numbers.” Following a hysteria trend, just as speculative.
What are they selling for 100 bucks av. maybe, with some 8’s in them and if they articulate a sentence in Chinese. Otherwise, it’s recall 6 or 7 numbers.
You don’t have to buy premium gTLD’s with premium renewals to get decent ones.
“99% of what you read on every blog is opinion and not fact…”
Totally agree, do you due diligence and research yourself with rigour for evidence based lit.
Raymond Hackney says
October 2, 2015 at 7:52 amI agree you have to be patient and keep digging to get the good ones without premium. I did that with OnlineCasino.website (that was luck that would normally be priced premium) Fantasy.Media my favorite new gtld was non premium. I have had a few offers but nothing high. Mike Berkens just turned down $10,000 for You.Watch buy Mike pays up for the best names, he has paid EAP day 1 pricing.
Andrew says
October 2, 2015 at 7:41 amname dot whatever is only going to drive traffic to name dot com
Spencer says
October 2, 2015 at 8:51 amthat is just embarrassing. seriously. guy needs to apologize for embarrassing himself.
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“What some are referring to as dot crap can also be looked as being a huge opportunity. If you don’t see the huge opportunity, then you just might miss the next wave which has crippled the so called .com industry to its knees. Even Toronto Domainer sees the impact that the new gTLDs are having.”
Steve says
October 2, 2015 at 10:14 amGodaddy whois checks show most of my whois inquiries are for llll.com and lll.cc.
30-60 inquiries per name per month. I just thought I would check and they have never been higher.
Short and sweet is the future. Some of the new gtlds will work if the extension has 3 or less characters otherwise big $$$ will be thrown at pumping and dumping them. IMHO
Jason Thompson says
October 2, 2015 at 11:45 amThanks for the mention Raymond! I knew that line would ruffle a few feathers. I used it because there is a paradigm shift occurring here. We all know that .com will always be around, but we also know that .com domains are being resold for less these days.
The new gTLDs are adding pressure to an extension that has had the luxury of simply being the best because of timing. Any dent done to a juggernaut such as .com collectively shows that there are individuals out there looking at alternative extensions. Hence the reason why I said to its knees. In other words, the .com extension is now having to recognize that there is some serious competition out there.
This isn’t speculation, this is pure fact. Thanks for the mention bud, I hope all is well!
@Spencer huh? Last time I checked, sharing an opinion was just that.
Josh says
October 3, 2015 at 2:13 amSerious competition ? you might have to define the word serious because if serious means very little then I agree. if not then it’s pure speculation and no fact.
Ian Ingram says
October 2, 2015 at 7:42 pmStill very early but I’m not seeing it as of yet. Maybe very low end .coms or wholesale domainer to domainer sales or .nets, etc…
The publicly reported data doesn’t appear to support any kind of crippling for high end .coms.
In the four years prior to the release of the gTLD’s you needed an average sale of about 68k to get into the top 100 on DNJournal. Year to date, the lowest sale is right in line at 63K.
The average sales price within that select group is also very similar to the 3 years prior to the release of the gTLDs.
From 2010-2014 .coms have held a pretty steady 80% of the top 100 reported sales with mostly .nets, .orgs and ccTLDs filling out the rest.
As of right now, .com appears to hold 90 of the top 100 spots.
To give credit where credit is due, by my count, it looks like 5 new gTLD’s have made the top 100 chart since the beginning of last year. Pretty impressive, IMO.
It’s just way too early though… Remember the Moniker auction in 2007 when about six .mobis sold for more than 6 figures?
There will be plenty of gTLD’s that sell for decent amount but whether a solid market will ever exist for investors, no one knows.
Ian Ingram says
October 3, 2015 at 12:33 pmI’m not seeing it.
The publicly reported data certainly doesn’t appear to support any kind of crippling for high end .coms.
In the four years prior to the release of the gTLD’s an average sale of about 68k was needed to get into the top 100 on DNJournal. Year to date, the lowest sale is right in line at 63K.
The average sales price within that select group is also very similar to the 3 years prior to the release of the gTLDs.
From 2010-2014 .coms have held a pretty steady 80% of the top 100 reported sales with mostly .nets, .orgs and ccTLDs filling out the rest.
As of right now, .com holds 90 of the top 100 spots.
To give credit where credit is due, by my count, it looks like 5 new gTLD’s have made the top 100 chart since the beginning of last year. Pretty impressive, IMO.
It’s just way too early though… Remember the Moniker auction in 2007 when about six .mobis sold for more than 6 figures?
There will be plenty of gTLD’s that sell for a decent amount but whether a solid market will ever exist for investors, no one knows.
Jim Holleran says
October 6, 2015 at 8:16 pmI just bought another another 500 6n.com, in addition to the 1700 6n.com you mentioned. IMO it’s the best ROI within the next 6 months to 1 year. Total cost about 20K investment, hang reg at $9 each. Time will tell, but so far so good, lot’s of offers already. Even Chinese offering on some with the so called “dreaded 4 number:-))
To each there own, but outside of .tv, I stick to just .com and been buying domains since 1998. Good luck to everybody.
jay says
October 6, 2016 at 3:54 ami have been a domainer since the beginning and own about 1000 babies. Have sold and bought many. Some for big money. My opinion of the new tld’s is summarized as follows: It wasn’t until I had been domaining for about 10 years before I heard that there was a .travel extension. Imagine that? I was shocked. I mean .travel is arguably one of the very best extensions possible–and yet–I had never heard of it–and I am an active domainer! Who would have thought. So if I never heard of it, and frankly haven’t seen any sites built on it…what could one possible expect from any other extension of lesser quality? ‘nough said…
jay says
October 6, 2016 at 4:01 amnew TLD’s…yeah sure…where did .travel go? Arguably one of the best extensions possibly? Do you even know that .travel exists? Most domainers never heard of it, let alone the general public. And some people think new TLD’s will ever get any traction. Oh ok, name 10 .net sites, or 10 .org’s, okay how about 5?, 3?…you get my drift.