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Welcome to the The
Lowdown from
DN Journal - your source for notable news
and information from all corners of the global domain name
industry!
The Lowdown
is compiled by DN Journal
Editor & Publisher Ron Jackson. |
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ICA
Experts Demolish Nine Persistent
Myths About Domain Investors and
the Aftermarket in a New Must Read
Article
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The
business of domain investing
has been around for almost 30
years now and as much as the
industry has changed, one thing never
seems to change. When someone
can't get a great domain
name cheap it is always
domain investors who are to blame!
Of course, you never hear that
said about real estate investors
who bought up all of the
beachfront property and prime
locations that later spawned
booming commercial and residential
development. In fact it is
just
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the
opposite for them -
they were smart, visionary
investors who spotted
opportunities that everyone else
missed! For some reason, the same
people who praise real estate
investors believe that if domain
investors (many of whom started
putting their money at risk back
in the 90s) had just left the good
domains sitting there, they
would still be available
for people to get for a $10
registration fee in 2021,
or, at most, whatever amount they
deem a "reasonable
price" to be)!
Despite
being utterly illogical, the myths
about domain investors and the
domain aftermarket (also referred
to as the secondary market) have
only grown over the years.
However, now two of the most
knowledgeable people in this
business, Internet
Commerce Association Legal
Counsel Zak Muscovitch and ICA
Board Member Nat Cohen, who
is also one of the most successful
investors in industry history,
have had enough of the
unwarranted character assassination.
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Zak
Muscovitch (left)
and Nat Cohen
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Zak
and Nat have risen to the defense of domain investors countless times
before in their roles with the ICA, the non-profit organization that fights
for domain registrant's rise, but this time they poured their energy into an
extraordinary in-depth article - Busting
Domain Name Secondary Market Myths, published on CircleID
Thursday, that should put an end to the double standard domain
investors are held to. In the article, they debunk these nine prominent
myths about domain investors, one by one:
1. Myth: Domainers are the Secondary Market
2. Myth: Domainers Provide No Value to the Domain Name Ecosystem
3. Myth: Domain Name Investing is Easy
4. Myth: Domainers Control the Price of Domain Names
5. Myth: All the Good Domain Names are Taken by Domainers
6. Myth: If Domainers Didn't Own Domain Names, They Would be Available from the Registry
7. Myth: Raising Registration Fees Would Free Up Domain Names for the Rest of Us
8. Myth: Domain Name Investors are Cybersquatters
9. Myth: Domain Name Should be "Use it or Lose it"
The term "must read
article" gets thrown around a lot and while this one truly fits the
description, it is much more than that. Yes, every single person who
buys and sells domains should read it, but you should also bookmark
it and share it with everyone you encounter in your business
dealings who doesn't understand that the secondary domain market operates in
the same way that secondary markets for almost all valuable goods
operate. Buyers and sellers come together and transactions are made when the
two sides arrive at a mutually agreeable price. If either side
doesn't like what is being offered, a deal doesn't happen - just like
everywhere else in the business world. However, the fact is thousands of
deals are closed in the domain aftermarket every single month
and both sides go away happy to get what they needed when the deal was done
(otherwise the transaction never would have happened in the first
place).
It's time to trade fiction
about the domain market for the facts and thanks to Zak and Nat,
those are available to all in a single comprehensive
document that we can all call on whenever the occasion calls for
it.
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(Posted
February 19, 2021)
*****
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