Admittedly I’m not a forum kind of guy.
Except for Ricks old Board, I don’t go into forums nor do I participate in them.
The only time I notice them is if someone links to a post to the forum on my blog, or if some Tweets something that catches my eye, which is in fact what happened last night when I read a Tweet saying Domaining is Going to End.
The Tweet linked to a post in DNForum.com of which I’m bought a lifetime membership to a lifetime ago.
So here is how the post appeared on Dnforum.com and my comments follow:
“”Domaining is going to it’s end”
“We all can agree that it’s most profitable time is definitely gone.”
“No we are playing with leftovers…
Sedo (we all know it’s largest marketplace) is parked more than 13.000.000 (year ago it was more than 17.000.000) domain names and they sell per month less than 3500 domain names.
So who is earning money in domaining today ??
Registrars, registrars, registrars, Schilling, registrars. Now only the strongest will survive. Only the top of the food chain.
The biggest players are starting offline businesses because they had realized that domaining is going to fall.
But Rome didn’t fall in just a day, it took years and that’s same with domaining.
Just open your eyes, I feel like I’m the only one writing to General Domain Name Discussion in the last 3 months.
It’s like nobody else is alive after zombie apocalypse. Domaining had turned from earning big money to people trying to flip their sh#tty domain name for $20, Flippa is earning a lot of money and it’s all fueled by dumb people trying to find some easy way to make money but they will loose it in 99.99999999% cases.
GoDaddy’s Superbowl spots were just brainwashing for poor desperate people whose biggest dream is to have a Ferrari and Godaddy had created illusion that they can achieve it if they will register their “BigIdea” and with .co ending……dotCO (!!!!!) , everybody in the domain industry knows that it’s just big marketing bubble. .Co is priceless….
Look at selling threads here on the forum ! It’s like people selling everything for $20 or $50…and they can be lucky to get that $50…time of flipping domain names fast is now resting in peace in 2008…now it’s 2013, everything is different.
We can survive only by getting to the top of food chain as fast as possible. Parking company, site flipping auction website, registrar, appraisal or anything else where we could make money on dumb people because Godaddy is taking them into this industry. Everybody with brain is not making investments anymore, everybody is just selling what they have and living of their parking revenue which is lowering every month”””
Actually I see it just the opposite.
I see domaining as a growth industry.
First of all you can take the sentiment found in the post and interchange it into almost every other business or industry.
Take music or sports
There are boards of struggling musicians where people are giving excuses to get out, to give up.
I’m sure there are people on the board saying the same type of thing, “only Justin Jay-z and Beyonce make money they rest of us to fight for a small market share”.
Does that mean the music business is going to end?
Sure guys like Derek Jeter make tens of millions a year and the guys in the minor leagues struggle to get by, does that mean baseball is going to end?
Same could be said for stock investors, doctors, lawyers almost every profession or industry on earth those who have the most success, continue or at least have the best chance opportunity for future success.
Such is life.
But not everyone who is successful continues to be successful and smaller investors who work hard, make some good decisions and get a little bit of luck along the way are always coming up.
Always such is life.
But lets look at domaining and I’ll tell you why not only isn’t it ending, but its about to boom.
1. Locked in Cost.
If you ever watched the TV show Shark Tank, one of the first questions that the Sharks (investors) ask the person(s) trying to raise money for their invention product or business, is what is the cost?
This doesn’t happen just in every show but in every segment.
So if you were bringing a domain investment business to the Sharks not only could you tell them the wholesale cost of a .com registration is $7.85, but that price is locked in for the next 6 years.
How many businesses have a fixed, lock in cost guaranteed for 6 years other than .com holders
You basically have the next 6 years to make as much money as you can on your .com domain knowing that the wholesale price will not increase.
Its a unique moment in time and a huge swing of just a few months ago when we knew our costs where going to increase 7% a year, in every 4 out of the next 6 years.
The Verisign contract to operate the .com registry at with a price freeze was the biggest story in the domain space in 2012.
It also give you the rare chance to be in a business with a guaranteed lock in cost.
Don’t waste it
2. The new gTLD’s
Yes love them or hate them there is one indisputable thing.
The new gTLD program will push more money into the domain space in the next few years than the domain space ever generated before.
No I don’t want to argue about whether new gTLD’s will be successful, whether they will be a good business or a good investment.
I just want to acknowledge that an unprecedented amount of money is going to flow into the domain space from the new gTLD program.
With that much money pouring in a industry, its not time to jump out.
Now if you think that all the money is going to be made by registries and registrars, then buy stock in some.
You can buy 4 shares of Tucows for the cost of a .com domain registration or 1 share of Demand Media, which both are positioned to be a registry and a registrar.
There are public companies out there both on the registry and registrar side you can buy stock in and most have actually done very well in the last couple of years as this gTLD thing started to gear up including Tucows, Web.com, Verisign and Neustar just to name a few.
No domaining is not going to end.
Its going to change but every industry changes.
Change brings opportunity, now go out and take advantage of it.