.online niche and my business background (1.Viewing)

Name Guy said:

,,,BTW, you probably shouldn't follow me either since it appears I'm just wasting your time. I'm apologize.

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I don't follow you, I respond to people's posts if I have an opinion I think is worth sharing. It really doesn't matter what I or anyone else here or on the many Domain blogs you post about .online, say... it won't change your mind.

aactive said:

I don't follow you, I respond to people's posts if I have an opinion I think is worth sharing. It really doesn't matter what I or anyone else here or on the many Domain blogs you post about .online, say... it won't change your mind.

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I'm not trying to change your mind. Again I apologize.

Name Guy said:

I'm not trying to change your mind. Again I apologize.

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I'll be honest, it just sounded like you popped up out of nowhere here with an agenda to push .online in a .CA forum, which seemed odd. And anyone saying any TLD is better than .com is always going to get a reaction.

If .online is working great for you, awesome. I'm not sure what your negotiated rates are, but clearly your inventory costs are going to be a much bigger issue in year 2 than in year 1. I guess that gives you a year to make sure this works at scale. Worst case scenario, let them drop and re-reg at $1 again.

Most domainers aren't salesman, especially outbounders, but if you like doing outbound marketing and sales, yes, a good salesman can always find someone to buy something, if its priced right. To most of us though, we're more collectors/hoarders, not salesmen looking to do outbound. Partially because outbound is risky on high quality domains due to the way UDRP/CDRP policies define "bad faith". Partially due to it being relentless work. So to most of us, this seems like a lot of work for small reward. There's no doubt that a good hustler could possibly make a buck though if they're so motivated.

Nafti said:

I always thought that it was “Beauty is in the eye of the BEERholder”???

On a side note, I enjoy reading your posts. They are informative, even though I do not agree with everything you say, it’s a good read.

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Wow Nafti, i couldn't just drink one Heineken the last time we spoke. I just happened to notice your FAB FIVE of domains and there are two that I like best; Do.ca and Be.ca. I've never even owned a four letter domain much less a two letter. Your's should be pretty valuable since they actually say something.

I just wanted to say that the build out for my marketplace isn't just .online domains, however it is my focus at the moment. The thing I want to share with you and others is that If you intend to be in this industry very long it pays to get to know the registries, the registrars and in particular your industry peers. I've made about a hundred valuable connections mostly through Linkedin who have been very helpful to me. It can be a little overwhelming at times, but it's worth it. A day doesn't seem to go by that I don't meet someone in the field or elsewhere that triggers ideas for domains. Earlier this am I met a therapist who triggered ideas for about a dozen domains that i registered and here they are;
1. HypnosisTherapy.online
2. BehaviorTherapy.online
3. VirtualTherapy.online
4. PetTherapy.online
5. FocusTherapy.online
6. CannaTherapy.online
7. ChildTherapy.online
8. HumorTherapy.online
9. RealityTherapy.online
10. RelaxationTherapy.online
11. WineTherapy.online
12. GameTherapy.online
13. MarijuanaTherapy.online
14. SleepTherapy.online
15. DreamTherapy.online

My plans too are to get both the Registry, Radix and the Registrar Go Daddy involved. I've made contact with both and we plan to get together next week. In the interim if you just can't Be.ca, just Do.ca☺

Name Guy said:

That said however, even $49.99 is really cheap if you're running a successful online business regardless of the extension.

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That's true; if you have a successful e-commerce site then it doesn't really matter (other than bleeding traffic to the .COM, but anyway) but if you're mass-registering these names as a domainer that's pretty expensive.

~$50 for .online is about 5x more than a .COM...So are you selling 5x more .online domains to compensate for the 5x price difference?

And most people say annual sell-through rates (STR) are somewhere between 1% and 3% for an average domainer holding decent names. What's the STR on .online names?

To RLM from British Columbia....i believe you are being honest with me and the facts are I'm being honest with you. In the initial post that started this thread I wanted to share with everyone my background of starting, running and yes "naming" businesses. I even provided links to businesses I've started that are still around after 40 years. By doing that I was trying to add a semblance of credibility to the brokerage business i'm starting, that if it's successful, it may be a source for you to use to help sell some of your domains. It just so happened that when MapleDots invited me to join your group he invited me saying "we're a lot nicer than NamePros", and since I think you're OK we'd like to have you.

It was about that time I had started buying .online domains to add to my portfolio, and understanding this business/industry like I do, I saw a huge opportunity to sell and market domains to the "end user" market. When I got into this industry I had no clue of it's size, but the industry as a whole worldwide to include hosting etc. is at least a 50 Billion dollar industry. Go Daddy alone is a 15 Billion dollar industry, and it just so happens the aftermarket piece of this industry is probably valued at 5 Billion dollars. It was Verisign about two years ago who identified and verified my thinking of just how screwed up this industry is to the detriment of the "end user" who would like to buy domains for their businesses at a reasonable cost. So I've embarked on a journey to buy, market and sell domains my way. And it's not as if I haven't clue....i've seen something very similar done in my area where two individuals I personally know have uncovered a niche in their respective industries and started their own companies. One today, stock symbol PRC, has grown from a garage in 1995 to be the largest debt buyer and collector in the world. The other individual Jeff McWaters started Amerigroup from scratch, then built it into a 5 Billion dollar company in about 15 years and sold it to Wellpoint in 2012 for 4.9 Billion. Why do I share this with you? I know these two individuals personally because we were in very similar businesses. There were some differences between me and them, but they not only noticed the niche piece of the businesses where they were working, they were able to take what they learned, start their own businesses, and shoot for the moon. Bottomline, I've noticed something very similar in the domain industry, and I believe I'm about to bring it all to fruition for my own benefit, and the benefit of other domainers who believe in me, and what I'm capable of doing.

Spex said:

That's true; if you have a successful e-commerce site then it doesn't really matter (other than bleeding traffic to the .COM, but anyway) but if you're mass-registering these names as a domainer that's pretty expensive.

~$50 for .online is about 5x more than a .COM...So are you selling 5x more .online domains to compensate for the 5x price difference?

And most people say annual sell-through rates (STR) are somewhere between 1% and 3% for an average domainer holding decent names. What's the STR on .online names?

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Spex....what i know is I can essentially buy and register these domains for a whole year for $1. I've also been told by another registry that "if" I'm successful at selling lets say from 5+ percent of these domains they'll not only let me continue buying domains for $1 but continue to renew domains that I believe I can sell for a $1. Does that make sense to you? It only makes sense to me "if" I understand the registry's business model, and if I'm able to sell at least 5-10% of the domains I control. Can I do this on my own? Hell no, but I know how to do it and it doesn't take a whole lot of money to start before the cash starts flowing. Really, it's not rocket science, and I plan on sharing how I intend to sell between 5 AND 10% of my portfolio annually. Keep in mind I don't have names/domains like our friend who owns Be.ca and Do.ca. That's not my wheelhouse, but names like WeeMore.com, BeTheTiger.com, GunSafety.online and LaserSurgery.online are.

Name Guy said:

Spex....what i know is I can essentially buy and register these domains for a whole year for $1. I've also been told by another registry that "if" I'm successful at selling lets say from 5+ percent of these domains they'll not only let me continue buying domains for $1 but continue to renew domains that I believe I can sell for a $1.

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(emphasis added)

How does a registry control a registrar's renewal rate? I guess the registrar is owned by the same entity?

Registries are not really allowed to pass on deals for specific domains only to a specific registrar, hence my question.

FM said:

(emphasis added)

How does a registry control a registrar's renewal rate? I guess the registrar is owned by the same entity?

Registries are not really allowed to pass on deals for specific domains only to a specific registrar, hence my question.

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A registry doesn't control a registrars renewal rate. Take Go Daddy (a registry) for example....in the case of .online the registrar is Radix, and they're the ones who actually set or approve the rate. Radix owns the extension .online so they essentially call the shots. Verisign happens to be the registrar for .com. With the deal I'm working on right now I happen to be working with both the registry and the registrar. Another thing I'm working on is being contractually secondary to the .com, and if the "end user" can't afford to pay 100K for the .com maybe he'll pay 20K for my equivalent. I say contractually because I want the owner of the .com to get a commission for working/cooperating with me. Does that make sense?

Thank you Name Guy, that makes more sense to me. I know the differences between registrar/registry, hence my question...

FM said:

Thank you Name Guy, that makes more sense to me. I know the differences between registrar/registry, hence my question...

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Typically a registry wouldn't mess around with prices like that though, there is usually a wholesale price, the same to all registrars. This is precisely one of the risks of going with any new TLD, would you really want to base your business on a registry that has a history of playing games with prices? When there is a stable registry, then at least you can always change registrars to avoid price gouging. But when its the registry? No thanks. That whole premise just sounds shady as hell.

rlm said:

Typically a registry wouldn't mess around with prices like that though, there is usually a wholesale price, the same to all registrars. This is precisely one of the risks of going with any new TLD, would you really want to base your business on a registry that has a history of playing games with prices? When there is a stable registry, then at least you can always change registrars to avoid price gouging. But when its the registry? No thanks. That whole premise just sounds shady as hell.

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Thanks for your opinion....one of the things I wanted to point out is just how the registrar/registry/domainer/end user model works because few people are aware of it or understand it. Another thing I want to emphasize is that so few decent .com names are available at reasonable prices, there's a huge opportunity for new gTLD's that work. That's my opinion