Look past the noise for opportunity

Ever since I joined forums many years ago I have been fascinated by the time wasted arguing back and forth.  For the most part no one is really changing minds and it is more a pseduo-intellectual excercise in mental masturbation.

It can be looked at from a lot of ways that each get easily ridiculed.

A couple go like this:

1)If you are so sure you are right why are you trying to create more competition for yourself ?

There is a good amount of truth in that, if so and so is the next big thing, why do you want competition?

2)The old, Doing it for the children routine, I am trying to educate people who are wasting money.

People waste money every day on things a lot worse than domains, intentionally blackening your lungs would be number one on my list, and I am sure those that do that could care less.

I mean some people I have wondered over the years where they get the time ? Its like a job, how does anyone have this much time to tell for the most part a total stranger, they are wrong and you are right ? Most times that person does not care and just goes back and forth with verbal sparring.

You can take a look at the .co thread on Namepros. It is a back and forth between those who hate the extension and those that love the extension. In full disclosure .co is an advertiser on this blog, when someone negative makes a good point I pass it on to the advertiser. I think its good for companies in this industry to know what both sides think and where people think they are lacking.

There is junk in every extension, .com has the most registrations and it also has the most junk. It also has the most success by a wide margin.

I think you need to look for opportunity in each extension. People have made money and lost money in just about every extension on the net. People need to be balanced and open minded to someone giving an intelligent opinion as opposed to people just trolling or having another agenda.

We are going to have probably 800 new tlds in the first go around with the next push probably being in the thousands of new extensions.

You need to be understanding the dynamics of each extension you invest in,

.com has liquidity
.co does not

If someone has any LLL.com they can even come to a wholesale site like Namepros and get good money for their LLL.com that is in the four figures.

Someone with an LLL.co that needs some quick cash cannot do that, I am taking it no one is looking at $30 as significant.

That does not mean you cannot make money in .co but you have to pay attention to that dynamic. There are many more, another important one being old vs new.

Look with all these new extensions coming .web will be the hottest thing going until its not, and .shop is and then it may be .inc or .app or .nyc.

There will be opportunity for those who are quick and liquid, just so long as the registry does not play some .eu type games. The registry has to be transparent and not run an old boys club. In the past that worked because it was one extension and everyone wanted in, now with many people will flock to the most transparent and fairest to all registrants.

So as a hypothetical it will be about getting some .web domains and selling them when everyone is saying .web is the new .com. Sell into that hype, make 10x maybe 100x your money and put that aside for the new hot extension that will be coming, rinse and repeat.

You need to be an active investor imo and not a passive one, if you have the money and portfolio of Rick Schwartz you can sit back and ignore offers, wait for the big ones, be passive and an uninterested seller.

The average domainer needs to be active and constantly looking for opportunity, monitoring trends to see what is getting buzz and what is fading.

Avoid the senseless arguing and seek out real conversation where the person who disagrees has real facts not just agenda based opinion.  Never forget they also may not be as adept as you in alt extensions, because they did not have success does not mean you can’t. Think of all the dynamics of each extension and stick to a budget.