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!
On Thursday, the Southern California Domainers will be enjoying networking, beverages and tacos at the XYZ Santa Monica offices. With TheChallenge.XYZ and ABC.XYZ, this really is a great time to have a meetup with Daniel Negari and his team. When I spoke to Daniel about planning this meetup I had no idea how much publicity was about to manifest itself around his company.
It’s been one hell of a ride so far and I’m only speaking from an outside perspective. I can only imagine the energy that is bouncing off the XYZ walls. Daniel and his company have brought gTLDs to the mainstream and they are getting more coverage than any gTLD out there. I think it is safe to say that they are getting more coverage than just about any domain extension at this time. Heck, I don’t even remember .COM getting this type of positive publicity.
In addition to that, two new judges for TheChallenge.XYZ will be announced at the meetup! If you are in the Los Angeles area, make sure to join us! It will definitely be another great event! You can RSVP for the event here!
Regardless of how you feel about the .XYZ extension, Daniel Negari and his dream team are going to be getting a whole lot more exposure.
What does this mean for domain investors?
This means that the investment world will be exposed directly to the .XYZ extension. I say investment world, because this news hit the investment world first. Don’t believe me? Take a look at the stock price for both GOOG and GOOGL. Yep, they are going crazy during after hours trading.
There’s no need for me to quote the prices here, but the news was received positively on several different fronts.
CNBC and many other outlets have already published the news to the masses. Here’s one article that I found entertaining:
Negari is quoted saying that the extension received 250 names registered in the last 60 seconds following Google’s announcement.
I wonder what that count is up to now. I am sure plenty of you are wondering that as well. If you are attending the next Southern California Domainers Meetup, you’ll have a chance to actually ask that question.
If you haven’t RSVP’d, make sure to do so now!