Frank Schilling has some advice for us all: “Buy the good ones you can afford, now.”. It is your choice if you want to follow that advice or not.
You’re doing it the right way.. I did the same thing in the .com era. You bought a good name. Somebody inquired – or you called someone explaining the value proposition of owning an obviously good name to them. The person you spoke to believed what you were selling. So did you, because you’re telling the truth. Boom you sold a name. Rinse and repeat my friend. That’s the domain name business.
Across all extensions (old and new) there are fewer good names that there is demand for them. There is just a momentary illusion of oversupply right now because of all the launches. It will pass. When a fireworks show goes off it looks like the world will never run out of sparkling light, then it passes. Buy the good ones you can afford, now.
I want to thank Frank for his kind comment. I just want to add at the end that you should buy the domains you can afford but are also sold cheap and not with high premium renewal prices. Otherwise there is no money to be made reselling them.
I too believe that there are fewer good names that there is demand for them. Otherwise I wouldn’t be buying them. I wouldn’t have spent $50,000+ buying New gTLD domains in the past 15 months.
And people wouldn’t be buying New gTLDs in the aftermarket. There wouldn’t have been almost 500 New gTLD public sales in these past 15 months. And I am not even counting the premium registration fees and EAP fees paid by many end users.
Please check my latest project, still in the works, presenting all New gTLD domain name sales at Sold.Domains.
Frank was even kind enough to make a comment on his twitter account @Frank_Schilling about Sold.Domains: “Really impressed with the feel of @onlinedomaincom, http://Sold.Domains . Great looking site has potential to be something special”. Thanks, Frank.