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 kill it. Derailed it. The motivation of GTLD’s was not to make it easier to navigate like the Library and the Dewey Decimal System. It was a money grab by people that were not making money!
One of the biggest reasons I closed TRAFFIC in 2014 is because I did not want to be involved with this pump and dump scheme and promote their NOISE. I would rather walk away than be USED as a TOOL for their agenda! I was even offered a percentage of Namescon. Howard was not interested. I could not do it. I don’t sell out. PERIOD! I would not lend MY NAME to give credibility where it was not deserved. So it was easier to leave the scene for a few years and come back when my predictions started to unfold and MOST domainers would stop being BLIND. They are on record, I am on record. GTLD investors got their heads handed to them and the industry got hijacked.
The worst thing, just look at the GTLD CRAP that they register. Most would be worthless as a .com. What are they thinking?
A poster on Namepros who has been in domaining less than a year believes he understand business, and the psychology of business owners far better than than domainers who have been in this industry for 20 years.
Are you in the “com” business?….or
are you in the the loan, consulting, golf, online, banking, credit, fitness, tattoo, pizza, travel, limo, restaurant, home, boat, diamond, jewelry .Business?
What I find hard to believe is the debate rages on between the “old time” dot commers, and the neuvo domainers. I’ve been in the domain business for less than a year, but I understand business, and the psychology of business owners far better than than domainers who have been in this industry for 20 years.
Maybe it’s because I’ve been in the credit.business, broker.business the consulting.business, the healthcare.business, the rental.business, the realty.business the golf.business and now the domain.business that I get it
Sure, about 20% of my 1,800 domains are .com’s, but many of them compliment my new nTLD’s wherever possible. Much to the chagrin of “old time” dot commers, new domain extensions are here to stay as long as I make it my.Business
This is the never ending battle between old time PremComs and new age rebels.
There is a point… in some specific areas domains like .io and .gg (good game) are actually as mainstream as dot com and perhaps actually better. There is traffic loss to dot com but there seems almost an acceptance that the price trade off outweighs the traffic loss and eventually the user will find the correct service.
Bullshit!
LOL
When it comes to pretty much anything, especially business, “eventually” is a route best avoided. Users won’t care enough to eventually find a website. And when you have to explain an extension to the average user, like .io or .gg (Is that .iowe or .eyeoh or .geegee or .gigi?) it just adds to the confusion. Everyone knows .com; no explanation required.
I go where the money is, which is primarily .COM. It is certainly not new gTLD.
I would be more than willing to invest in new gTLD if there was enough demand. We are 4+ years in, I am still waiting on the paradigm shift…..
Brad
Exactly, and well said Brad.
I doubt this commentator has made 10 cents in the industry. They’ll be gone in a few years and not worth listening to.
.Business domain is too long
i would stay away from long TLDs
This new guy has been in ALL of these businesses, seriously?
credit.business,
broker.business
The consulting.business,
the healthcare.business,
The rental.business,
the realty.business
the golf.business
and now the domain.business
What is he, like 100 years old?
Is he sane?
Why so many different businesses?
Has he succeeded in any of these businesses?
Has he sold any domain names?
One even?
Sounds way too cocky for me and have never heard of him.
I listen to the veterans often because they have proven themselves in this industry already and have some great tips we may not have thought about ourselves. I do follow some of the newer domainers as well. The domainers that share their wins and losses. Anyone who makes money from domaining i am interested in reading about.
I think this new guy is just self promoting his dot business domains. Not sure i have ever heard of any dot business domains selling before. That extension just seems ridiculously long to me.
Reading this guys excerpt in here i have to laugh. You quoted his username as “Bulloney”
Funny because thats what it actually sounds like to me right now.
Never ending domain.buzz or domainbuzz.com?
Most newbies are broke or heading towards bankruptcy and would be better severed saving up $5k-$10k to secure a premium dot-Com with commercial meaning that can be sold for 3x-5x more. I’m entering year 3 of my domain speculation side hustle. I got crushed in my first 18 months listening to nGtLD propagandists. In 2016 I owned nearly 400 worthless domain names. Luckily, a few high 4 figure deals in 2017 saved me. It was an expensive education, but I’m well positioned now. All I buy is dot-Com and I maintain a portfolio of 100 dot-Coms or less.
I listen to both old timers and new rebels. Guess I’m a new rebel with an old soul. I’m betting the next recession will wash away 90% of the nGTLD registries along with gullible buyers…raising the value of 1-2 word dot coms with commercial meaning.
The baloney guy’s a troll and an idiot to boot. Just ignore it and it’ll soon go away.
.Com is the mainstream domain extension, everywhere.
Just like Facebook is the social network for all ages!
lots of the mobi domainers are long gone. we’ll see how the new gltd domainers fair out. if they succeed, great.
Any predictions on which GTLDs survive for 5 more years?
And when I say “survive”, I mean extensive adoption by end-users, and a large aftermarket, not 99 cent specials?
I’ll predict these: .app, .web, .club, and maybe .global (as it seems to be making some sales to end-users)
My portfolio: 75% .com, 10% .me, 5% .ai, and 5% (.net, .co, .io, .app, .org) and maybe 2-3 .mobi (great names – no offers) that were relatively cheap in 2007 – maybe 1000 each – nearly worthless now
I had a few .cam, .doctor domains, but I let them drop
I’ll stay bullish with .com
I believe the domain industry will recover after a lot of the GTLD detritus gets cleared out – it just caused confusion and forced a lot of giant companies to register for defensive purposes and created even more ill will towards domain investors than in the past
.club is full of 99 cent specials and cheap Chinese registrations. House of cards.
What about .Shop ?
Isn’t it a case where if you have optimised for ranking the name does not matter much? Considering that Google parent company is abc.xyz?
I am confused.
No question the vets have more experience. But, I don’t think it would be wrong to say that a new guy can have a different perspective or more knowledge in certain areas (probably not in domain investing).
With that said, I think this is sort of like a political debate with no winners. Just differences in perspective and opinion.
So a total nGTLD failure would not hurt .com ?
The main problem that I see is the fact that the Internet is now going around 3 domains, 5 max ?
( google , social media … ).
If anything, the new tlds only make .coms more valuable however I am not sure the entire domain aftermarket would benefit with a total failure; the idea that such failure would -only- make the dot com more valuable is flawed, imho.
Why won’t FB turn work.place on, for example ? Why Apple does not accept the creation of an apple id with many .tlds ? Negative marketing also works.
I sold these ngtlds
Wire.berlin $8750 (got it free in 100 name give away by .berlin extension)
Wizard.berlin $360 (got it free in 100 name give away by .berlin extension)
Whistler.life $250 (paid $2, hand reg)
613.xyz $1000 (paid $8, hand reg)
I have worked very hard at trying to sell mining.camp and racing.red and graphene.ink and conductive.ink etc.
Just no interest. Nobody wants them. You would think that mining.camp would be of interest, to someone, but no.
Reinventing the domain name “wheel” with new gtlds has been an education for me. Mainly, learning that Rick Schwartz is more, on the mark, than is comfortable to admit.
I went back and read from one of Rick’s blog posts about Adjectives, Verbs and Nouns, and was struck, again, with how simple the structure of a good/great domain name is.
Painfully, however, is the persistent, dull resentment of not being active, registering .com domain name circa 1995-1999
I contend that there is a billion dollar idea in portraying the story of “The Domain Name” and Rick Schwartz’s story in a movie.
There is everything, sex (porno.com), big money ($8888888), the internet (one of the wonders of the world), Rick Schwartz’s steadfast belief and faith, damn the torpedoes!
The story has everything! It is akin to the making of a movie about FB.
I SAY THERE IS A MOVIE HERE!
Robert, those names which you can not sell are pretty bad quality imho..except mining.camp, which is decent brandable, and can get you around 5k-7k in 2018. But you know there are probabilities for each name, and you can not expect that you buy mining.camp one day, and you will sell it within a year for decent profit. It can take 5-10 years, this is reality. But this is reality for good .com names as well, if you want decent price for them, it wil also take long time to sell. If you much underprice them, they will sell within a day. If you want to underprice your mining.camp and sell it to me for wholesale price, just contact me, I will but it instantly.
The thing with new gTLDs is not that they do not sell…it is quality of the inventory most people got. Many people got it simply wrong, but it is not a fault of new gTLDs. Their either got best new gTLD names but did not take care about renewals (and have tons to pay now each year), or they are registering poor names for standard renewals,which will not work either. Remember that only best quality new gTLD names sell. If you have good names, you will get several inquiries per year for such good quality name, and it is only up to you whether you decide to sell and for what price. But most people buy bad quality domain names, and then blame everyone except themselves. Remember that art of investing is to get underpriced asset, which in this case is good quality domain name, PLUS with low standard renenwals. And it is still possible to do that in 2018 from my experience, althought not easy.
Many guys are loosing time discussing “failure of new gTLDs”, which is not going to happen, and you can understand that once you learn about companies involved (inc. Google, Amazon, Verisign and many others who are/will operate new gTLD extensions). They should imo focus more on getting the best names (for low renewals) which are still dropping from time to time with standard renewals attached to them – their form main part of my portfolio. Or you can still get them for good wholesale prices on venues like Namepros in 2018. Once many of you will finally realise that you should start to care about new gTLDs as well, all good names will be either distributed among few wealthy individual investors, or they will be priced with higher renewal pricing by registries. But you need to have knowledge to make right decisions and you can not get that knowledge by endlessly discussing in “.com vs new gTLDs” threads. So invest in .com if you made good results with it, but consider in parallel also what new GTLDs can do for you. Because they are not going away, like it or not. Just imo 🙂
Thank you Marek,
I decided a long time ago that selling to fellow domainers, is not for me.
As limited as I am, in assessing and buying good/great domain names, selling to a fellow domainer is a limitation I choose not to further hamper myself with. Seems counter intuitive, .work so hard to glean an name of some premium value, only to pass the real, potential profit on to someone else.
Cheers
Robert McLean
PhysicalAnalytics.com
lol
Just had a thought that made me laugh out load.
What if, Rick Schwartz were to stoop to read the above couple two, three comments, with ngtlds being “seriously” cavorted!
lol , HE MUST, JUST BE SHAKING HIS HEAD, IN AMAZEMENT, AT THE COMPOUND STUPIDITY!
LOL. SORRY RICK!
lol!
Pigeon shit farmers, hard at work!
lol
TOO MUCH!
I’ve had the challenges this year of selling:
Keyword.com to companies, with over 300 million USD in funding, that have keyword___.com, with the keyword I own as these companies” brands. After weeks of calls and proposals, negotiations, etc, I managed to close these sales.
I can’t even imagine the challenge of trying to sell a gtld (a nice to have) over a must have. In fact, I’m not sure you can even qualify most as “nice to have”.
Contrary to someone who posted above, yes, most of the GTLDs will be going away. Some may linger such as .mobi and others, but for those who still believe in them, unfortunately you will still need to go through stages of denial, anger, fear and finally acceptance. I met several .mobi investors who suffered financial ruin due to holding the cards too long and continuing to buy them, resulting in divorces, bankruptcies, etc.
Just for clarification, I’m not placing .mobi among the GTLDs.
Merely comparing .mobi to many of the hyped up GTLDs — maybe the best will linger like .mobi has for over 10 years, albeit without traction or an aftermarket sales path since 2008, but most will gone.
For those who still use the line that this is not a short-term investment, it’s 5-10 years — please. Do they really believe this, or are they in denial or in abject fear?
In ten years of domaining, and of the 300 Domains in the “MostInterestingDomains.com” portfolio, ONLY a handful are non dot com’s:
Beatles.band
UsedDrone.shop
NPR.global
Chia.casino
You should go on DomainSherpa so they can have a laugh at that pile of shit and copyright infringement suit 😉
.red worked for me, lease deals that I learned from RicksBlog.com, can be very lucrative.