Not a week goes by that I don’t get at least one email from a reader saying, “I wish I got involved in Domaining just a few years earlier – I think I’ve missed the boat.” When I get these emails I immediately respond by saying, “not only have you not missed the boat, this boat doesn’t even have an engine yet!” Let’s face it, we are at the very beginning of an industry that is going to grow tremendously over the next ten years.
I think a lot of this negativity or lack of faith comes from new Domainers that are focused entirely on .com investments. Yes – the Domaining industry got its start with .com but unless you got in early or are sitting on a mountain of cash this is a hard game to break-into. This leaves many new Domainers discouraged because they feel that all the good domain names are taken. Nothing could be further from the truth!
So if you just started in this industry you’ll have to get-over your .com woes and realize that there’s a whole Domaining world out there – and its not all .com! There are some incredible opportunities to buy domains in a number of different TLD’s and at a *very* low price given the current market. Rick Schwartz had a great post a while ago where he said that we are now experiencing a brief period of incredible opportunity, and once this period ends the deals will not be coming back.
Given the slowdown in the global economy domain names are being sold at outrageously low prices making this a buyers market that many will dream of five year from now. Not only are there incredible deals to be had, but there is still uncharted territory to explore. Think of some of the early investors to buy LLL.com domains. Many of these new investors didn’t know what the value would be, but they took a calculated risk and many made a small fortune on their investments. Rick Silver made a run on the .ca TLD and has created a Domaining empire for himself. The idea here is simple – people took a market where it looked like all the good domains were taken, and they forged their own path – this is the true definition of a visionary. Rick Schwartz was a visionary when he bought .com domains in the 90’s and you could be a visionary by thinking outside of the box and daring to forge a new path.
I have been very systematically registering domains in over 20 different ccTLD’s – these domains were just sitting there, waiting to be discovered. I’m not looking to buy any .com’s right now, instead I’m looking at TLD’s like .fm, .tv, and .in. So don’t miss the Domaining boat, forge your own path, and boldly go where no Domainer has gone before!