It's no surprise to anyone following the blog space that Rick Schwartz has been hitting the new gtld's pretty hard lately, One of many examples includes: Rick wrote: Most products may have 1 or 2 weak points. GTLD's have 122 weak points! They sold you a bag of shit and you ate it like Filet Mignon! That's the ugly truth, deal with it! GTLD's took a thriving industry and derailed it. Did not … [Read more...]
Have you dropped all your domains?
So a year ago Rick Schwartz tweeted out that 90% of all domain investors should start over. 90% of every domainer should drop ALL their #Domains and start again! They are so far off the path that it is sad to see. #gtld#Startups — Rick Schwartz (@DomainKing) May 16, 2017 The thread here got a lot of comments, some touched upon the topic of a post I wrote last week. "Are old school domainers … [Read more...]
Domain investors are scum
Even in 2018 the concept that good domains cost good money is foreign to many in business. I remember a friend bringing me to a meeting at his startup back in 2015, it was a name brainstorming session. The CEO kept saying "Oh one of those pigs has our first and second choice." I turned to my friend and asked who are these pigs? He said, "YOU!" I asked what he was talking about? He explained, … [Read more...]
300% Profit = Failure?
Namepros member DrewWash posted he sold a domain for a 300% profit and considered it a failure. I think he did well, he could have done a bit better but nothing like a failure. He wrote: Opened my email this afternoon to news that an ACH payment has been made on one of my domains. My initial thought was that it was a scam and I deleted the email. Scrolling a little further down I see an … [Read more...]
Does GoDaddy have too much power?
It seems more and more domain owners are rebelling against the GoDaddy monopoly. Huge Domains also appears to be in the crosshairs of more angry domainers. Over the last week three threads on Namepros have popped up that deal with different levels of disdain, and in one thread it has been suggested to give your names away to another Namepros domainer, rather than let GoDaddy and Huge Domains … [Read more...]
What percentage of domain investors do you think are profitable?
Over the years in reading many threads and posts it always seemed that the majority opinion was that more domain investors lose money than make money. I have had conversations with people who expressed their opinion that 80% plus were losing money over the long haul. A poll at Namepros which had 177 votes, went against those opinions with the majority of voters claiming to be profitable over … [Read more...]
Amidst death threats and people showing up at his door, Eric Lyon is moving to new role
Years ago a long time domainer expressed to me that I was a fool, he had no idea why I was a moderator at Namepros, especially working for free. I said well it's good to give back and help other people in the industry, though it can be a pain in the butt from time to time. He told me he would never even post on Namepros as it was not worth his time, so moderating was a foreign concept. I … [Read more...]