Future of the Domain Industry - Will you bet the house?
- 6 Comment
Domain Industry is enjoying some good domain sales this year but parking income has declined significantly over the last one and half year. Many people have seen their revenues decline almost 50% from the old highs.
I have just finished reading this nice article by Sahar:
All in all, things are good, could be better, will be better.
And a piece of advice to Domainers, to those who are unsure what to do today. Back in 01 many thought the web was doomed. Few forgot to get the memo, got heavily into the domain business, bet the house, and won big. If you think the web is doomed it is time to stop investing in domains (as Franky says, “domain names ‘are the Internet“) however, if you believe in the internet, in advertising on the internet, in the Search industry and in the value of a click, maybe you too should bet the house today?
That is well reasoned yet pretty bold argument/question above.
I am of the view that if you can afford the renewals, then go ahead acquire some good domains. This is a great time to buy some more.
But if you are already feeling the pinch from the revenue declines, then step back and control your expenses. No one knows when things will start to get better, so its equally as important to ride out and survive this downturn in the domain industry.
As they say, there is always light at the end of the tunnel.
But the question is do we even see a tunnel yet? If yes, then how long the tunnel is before we get to see the light?
Will you sell your domains and cash out?
Or
Will you bet the house and buy more domains?
6 Comments on this post
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Michael said:
the house and a kidney.. nah
August 13th, 2008 at 9:43 pm -
Chris said:
Revenues for our parked names have been up this year. The advice I give new domainers is not politically correct, seems obvious to the old-timers, but is rarely acted upon:
If you own good generic term names that you want to park, 20% of your revenue success rests on the name, 80% is where you park them.
August 14th, 2008 at 12:41 pm -
Damir said:
Nice post - I do NOT admire many people but Sahar is for sure a GREAT person with TOP Leadership skills.
In any business people need to have patience + Long Term POSITIVE Goals = Success in the field of YOUR choice.
The mindset of an individuals determines the outcome - positive people rather sooner than laiter achive success - Success is a PLAN.
To YOUR Success
August 14th, 2008 at 6:24 pm -
David said:
“Success is a PLAN”
Wholeheartedly agree. And as some people I know would say, you fail to plan…you plan to fail…
August 14th, 2008 at 8:49 pm -
DNBlogger said:
Agree, planning and preparation is must to succeed. Combine that with a bit of luck and you become a genius.
August 14th, 2008 at 8:59 pm -
Renee said:
I won’t bet the home but its good to make some bets especially buying domains in the secondary market when prices are down.
That’s how many successful domain investors did in 2001 and 2002. They bought when others were panic selling.September 1st, 2008 at 10:47 am
