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Topic: Domain Development / JV's

I was thinking one of the interesting threads I look for on sites are the Development discussions. I particularly would like to start some discussion around developing .ca's into profitable businesses. I know a lot of ecomm / developers say you are limiting your market by developing on a .ca but @mapledots is proof that you can build a 6 or 7 figure business on the back of a .ca .

I think that discussion would be great, also there are typically a lot talented and driven people lurking around the .ca thread and Joint ventures might be another interesting topic?

Just my thoughts.

Dan

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Re: Domain Development / JV's

Sounds like work!

DomainTrader.com

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Re: Domain Development / JV's

dancarls wrote:

I was thinking one of the interesting threads I look for on sites are the Development discussions. I particularly would like to start some discussion around developing .ca's into profitable businesses. I know a lot of ecomm / developers say you are limiting your market by developing on a .ca but @mapledots is proof that you can build a 6 or 7 figure business on the back of a .ca .

I think that discussion would be great, also there are typically a lot talented and driven people lurking around the .ca thread and Joint ventures might be another interesting topic?

Just my thoughts.

Dan

I think there are lots of opportunities to develop on .ca domains. That said, if I was looking at the US market also, I wouldn't use a .ca for that, obviously. The US market has the advantage of 10 times the population, but also 10 times the competition. Like most development, no matter where you are. it just takes work.

Candy is childhood, the best and bright moments you wish could have lasted forever. - Dylan Lauren

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Re: Domain Development / JV's

I think the ideal situation for a JV is not with another domainer.  This is what I want to hear on my answering machine one day: "hey, I've been in the [whatever] industry for decades, I had a big exit from my last business, I'm too young to retire, and my non-compete clause has just expired, so I'm ready to go at it again.  I see you own the category killer domain for my industry, can we talk?"  Now that's the ideal situation to consider a JV.

Liked by: aactive, FM, dancarls

5 (edited by: rlm Nov 22, 2020 02:06 am)

Re: Domain Development / JV's

aactive wrote:

I think there are lots of opportunities to develop on .ca domains. That said, if I was looking at the US market also, I wouldn't use a .ca for that, obviously. The US market has the advantage of 10 times the population, but also 10 times the competition. Like most development, no matter where you are. it just takes work.

While I won't disagree, I will point out that I saw one business selling a single product online using a product keyword.CA domain, shipping world wide, advertised through social media, and were absolutely killing it, like 6 figures a month with very high margins.  Canada is a trusted country, so it didn't seem that the CA hurt them at all.  If anything, it might have given them a boost in credibility with the .CA - giving the false impression it wasn't some product from China (which it was).

Oh, and like 75% of their sales were to the U.S.

Liked by: jaydub, dancarls

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Re: Domain Development / JV's

rlm wrote:

I think the ideal situation for a JV is not with another domainer.  This is what I want to hear on my answering machine one day: "hey, I've been in the [whatever] industry for decades, I had a big exit from my last business, I'm too young to retire, and my non-compete clause has just expired, so I'm ready to go at it again.  I see you own the category killer domain for my industry, can we talk?"  Now that's the ideal situation to consider a JV.

Agree

DomainTrader.com

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Re: Domain Development / JV's

rlm wrote:

I think the ideal situation for a JV is not with another domainer.  This is what I want to hear on my answering machine one day: "hey, I've been in the [whatever] industry for decades, I had a big exit from my last business, I'm too young to retire, and my non-compete clause has just expired, so I'm ready to go at it again.  I see you own the category killer domain for my industry, can we talk?"  Now that's the ideal situation to consider a JV.

That sounds like Peter Maxymych's approach with his company emall.ca. Problem is that his best-running sites are a flight booking site and some concert tickets sites, which don't sell much at the moment, of course. Also setting up the partnerships and maintaining them can be eating up lots of time, he can tell you tons of stories about htat.

Domains Product Manager @WHC
(514) 504-2113 x7209

Liked by: jaydub, dancarls, MapleDots

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Re: Domain Development / JV's

rlm wrote:

While I won't disagree, I will point out that I saw one business selling a single product online using a product keyword.CA domain, shipping world wide, advertised through social media, and were absolutely killing it, like 6 figures a month with very high margins.  Canada is a trusted country, so it didn't seem that the CA hurt them at all.  If anything, it might have given them a boost in credibility with the .CA - giving the false impression it wasn't some product from China (which it was).

Oh, and like 75% of their sales were to the U.S.

The exception justifies the rule :).  I agree there are successful sites that do it, but I wouldn't recommend it.

Candy is childhood, the best and bright moments you wish could have lasted forever. - Dylan Lauren

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Re: Domain Development / JV's

rlm wrote:

I think the ideal situation for a JV is not with another domainer.  This is what I want to hear on my answering machine one day: "hey, I've been in the [whatever] industry for decades, I had a big exit from my last business, I'm too young to retire, and my non-compete clause has just expired, so I'm ready to go at it again.  I see you own the category killer domain for my industry, can we talk?"  Now that's the ideal situation to consider a JV.

I totally agree! The reality is most domainers don't have the knowledge to successfully start, build and scale a profitable online business, outside of domains. The good news is, some are successful enough in the domain space to not have to.

That is would be a great phone call though...

Candy is childhood, the best and bright moments you wish could have lasted forever. - Dylan Lauren

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Re: Domain Development / JV's

FM wrote:

That sounds like Peter Maxymych's approach with his company emall.ca. Problem is that his best-running sites are a flight booking site and some concert tickets sites, which don't sell much at the moment, of course. Also setting up the partnerships and maintaining them can be eating up lots of time, he can tell you tons of stories about htat.

Yeah, I've never really had that work out either.  I thought I was close, twice. One with airfares, and one with Gifts...  It was disappointing neither got off the ground.

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Re: Domain Development / JV's

I believe @aactive can tell us some great stories about development, he's full of experience as well. I'd especially be interested in hearing more about his https://candycrave.ca/ .

Domains Product Manager @WHC
(514) 504-2113 x7209

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Re: Domain Development / JV's

FM wrote:

I believe @aactive can tell us some great stories about development, he's full of experience as well. I'd especially be interested in hearing more about his https://candycrave.ca/ .

Heya Frank. Great to see you here. My first couple of attempts at real development didn't go well in the end. Lots of lessons learned from those days that I've tried to put into our candy sites. :)

Candy is childhood, the best and bright moments you wish could have lasted forever. - Dylan Lauren

aactive's Website

Liked by: FM