I don’t normally report on news that I hear from TMZ, but this one certainly caught my eye. As some of you know, Kanye West announced that he is going to run for President in 2020. He announced this news during the MTV VMA Awards. Whether this news is true or not, the owner of KanyeForPresident.com is supposedly receiving numerous offers on the name. The owner for the name has supposedly turned down offers of $80,000 already.
He is holding out to receive an offer from Kanye West himself. Does this guy not understand that Kanye could easily sue him to get the name? Regardless of what happens with it, I’m actually glad to see TMZ involved in covering it. The owner of KanyeForPresident.com is the true definition of a Cyber Squatter or maybe he just had great timing, since he registered the name in April! Whatever ends up happening, it should be interesting.
I’m always willing to help a fellow domain investor. Ammar has certainly supported me, by attending the Southern California Domainers meetups. He posted on Facebook that he needs a little help selecting the final logo for his new project AutoBio! Sounds like he is at it again! Glad to see this. With that said, you can vote on the logo you like the most using the following link: http://99designs.com/logo-business-card-design/vote-tvk6s6
The logo I voted on happens to be the one that is in first place. Go figure!
The domain investment industry is one that I value. As with any other investments things tend to change as time goes on. We are all witnessing the fact that gTLDs have provided the .com extension with extreme competition and it is something that should no longer be ignored.
It’s time for domain investors to wake up and realize that the industry is starting to evolve. When I say evolve, I mean that extensions are a dime a dozen now. The real value comes before the extension. That’s what most investors are trying to negate. They want to believe that the taxi cab service that they own can not be disrupted by Uber. Unfortunately, if this is the mindset you have, not only will the taxi cab company be disrupted by Uber, they will eventually become employees of Uber. If you follow the news, then you realize that this is already happening.
As time goes on, you need to diversify your domain investment strategy. That means, don’t put your whole nest egg into the .com extension. Diversify your investments and start to include investments that make sense. That’s exactly what the .com millionaires are doing. They may not be communicating this to you, but be certain that they are certainly partaking in the new Internet gold rush.
Have a great weekend!