NP Live
The Short Domain Auction features domain names of five or less characters.
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NamePros Live Auctions
No Reserve Live Auction
Mon, Jun 29, 2009, 3pm EST
NamePros has announced a path breaking Live Auction Schedule that should make it the goto place if you’re looking to sell domains at good reseller prices. And automatically the goto place to buy excellent domains at fair reseller prices. Great news for those looking to buy and sell domains!
I’ll start with what a lot of people will consider a fairly radical statement, though those in the know should probably agree – “Extensions are less relevant than the keyword of the domain”. I’ll take Exhibitions.ws over ExcellentTopExhibitions.com any day of the year.
With each new extension you have a subset of domainers who invest most of their money in that extension, then have to go around touting it as the next big thing since sliced bread else their investments will not get them the returns they want.
What it does for the extension is get a secondary rung of investors who will also buy not-so-hot keywords in the extension, that in turn allows the initial investors to point to the exponential growth of the extension and allows them to sell some of their domains at high prices.
These sales are then touted as the ‘definitive’ growth pattern emerging and allows even more fake hype, but almost all the secondary rung investors will lose their investments coz in actuality, aside from the hyped sales, there isn’t much demand for the said keywords in any case, let alone in an also ran tld.
We’ve seen it happen with .mobi, .tv, .asia, .me, .tel and will probably see it happening 100s of times again in the future with the new sTLDs soon to be launched. .mobi aftermarket is virtually non existent now, after the initial hype and hoopla, ditto for .tv. .Asia you can’t give away and the jury is still out on .me and .tel, though initial investors have already started dumping good keywords in these extensions too.
Moral of the story? Don’t believe in hype. If you find a good keyword in an extension you feel you can market, at a price which allows you to profit from it, invest. Else, walk away, no matter how many people are clamouring that ‘this’ extension would change the rules of the game, it won’t, really.
