Home > Domain Name News > Renew or drop New gTLDs? The results are in and are not good!

Renew or drop New gTLDs? The results are in and are not good!

Yesterday I asked readers to submit New gTLD domain names so I could review them and tell them if I would renew them or drop them.

About 230 domains were submitted and I would probably drop 82% of them. (That was for “drop” or “drop?”.)

“Renew” or “renew?” (questionable renew) were 18% of the domains.

To be fair I did not ask the readers to submit their best domains but rather the ones they didn’t know what to do with.

But I was generous. If I had little money for renewals I would drop more than 82%.

It all started when I posted that I dropped about 200 New gTLD domains in March and April saving me about $45,000 in future renewals.

I followed my own set of 10 rules to determine what domains to drop and what domains to renew.

You can see all 230 domains that were submitted by readers and my opinions here.

UPDATE:

I evaluated another 30 domains and were all “drop” or “drop?”. That brings the drop percentage to more than 84%.

Sold.Domains

About Konstantinos Zournas

Konstantinos studied Computer Engineering and Computer Science in London and lives in Athens, Greece. He works on domain names, websites and software development. Has been online since 1995 & domaining since 2002.

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16 comments

  1. great post KZ. gtlds are going to be extinct in about a year. gtlds were like going on a 7 day candy binge, a fake high then ………………. crash back down to reality.

  2. OnlineDomain.com = GOLD
    online.domain is crap.
    when you tell someone “you can find me at Online Domain they type in OnlineDomain.com”

  3. interesting to put stats 🙂
    if there were at least 3 reviewers ( not against gtld it will be other numbers )

  4. Do the same with .com and the numbers will be identical. There are good and bad domains regardless of the TLD….

    • Though I disagree with your assessment about the result being the same, even if you are right in essence, then where’s the innovation, or disruption, if a new technology or scheme, yield the same result?

      People jumped from black and white to colorTV in droves, so too from VHS to DVD; from taxi to Uber, from typewriter to PC; from, from rabbit ears to CableTV; from CableTV to SatelliteTV. From 56K dial-up Modem to what we have today, in essence, from hell to heaven. Even from snail mail to email.

      If the result is the same, shouldn’t we wait till the result shows improvement?

      • Those are all horrible examples. They are all huge technological upgrades that were way better for the consumer. These new domains are no different technologically than .com’s and in fact, they are worse b/c of consumer recognition. Even if they had the consumer recognition, they are not technologically better in any way, shape or form.

      • Actually there are some older forms that will not accept new gtlds and of course some people are confused and are typing the wrong domain name…

    • I think we are going to have more people that are not sure about their .com so the result could be the same. Even experienced domainers are not sure about all their new gtld investments. Most experienced domainers are sure about their .com investments because they have seen results over a long period of time so they will probably not submit any names. It all depends on the sample.

    • Sure there are bad domains in all extensions.

      However, there is no nonsense with .COM renewals. They are all a standard price.
      There are no “premium” or variable renewal prices.

      I am not a fan of new extensions, but looking at the other thread there are several I would keep at standard renewal fees. When you start talking about $100, $200, $500, $1000+ a year renewal fees, that changes the dynamics as an investor.

      Brad

  5. +1 with Aaron.

  6. UPDATE:
    I evaluated another 30 domains and were all “drop” or “drop?”. That brings the drop percentage to more than 84%.

  7. I am launching a new venture, a small business & SME loans marketplace. I had two options, buying smeloan.com or sme.loan
    As expected, didn’t care about sme.loan and negotiated and got smeloan.com for $1700.
    I talked to an investor, and the first thing he said, “You got the perfect .com for this venture” ::)
    Says a lot about the dominance of .com

  8. Drop 82% this year, 10% the year after and the other 8% the year after that.

    People should be looking to get rid of 100% of their ntlds, if you think something is valuable right now, try to sell it off, otherwise drop everything.

    People often spend years “gradually dropping”, save yourself some money and cut them loose today!

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