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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.
Halloween
Arrives Tonight But It Will Be Hard to Beat Ari
Goldberger's Mischief Night in Margate!
Ari
Goldberger
is known throughout the industry as one of the
best domain attorneys and brokers in the
business, but it looks like it's time to add
another title now. The over-the-top Halloween
themed extravaganza Ari staged at his Margate
City, New Jersey home Saturday night (October
28) made it clear he has world class event
producer chops as well.
Ari
poured weeks of work and blood curdling expense
into preparations for his Mischief Night in
Margate. As a mind boggling array of Halloween
decorations started appearing on his lawn a month
ago, curious crowds and representatives of local
media outlets started showing up to find out why
one of the most stately homes in the neighborhood
was morphing into a ghastly haunted mansion
before their very eyes.
At
right: The maestro of mischief, Ari
Goldberger, ready to lure unwary Margatians
into his lair.
Above:A shot of Ari's front lawn taken weeks
ago in a still early stage of preparations for the
Mischief Night in Margate City, New Jersey that
finally arrived Saturday night (October 28).
Below:
On the night of the big show, the home was
taken over by all manner of ghosts and goblins,
including the scariest apparition of them all - disco
dancers brought back to life decades after we
thought they had been dead and buried in the 1970s!
Above:
Ari Goldberger, clearly possessed by the
spirit of John Travolta,
ready to lead his minions in reeking havoc in
Margate City, New Jersey.
We connected
with Ari to find out what compelled him
to welcomehundreds of hard core
Halloween aficionados into his home. "I
have always enjoyed throwing parties and
doing events," he explained.
"As a kid, I organized carnivals for
charity, and always organized an end of the
year surprise party the last day of school.
In high school, I organized dances. As an
adult, I’ve thrown some fun and elaborate
parties like the 50th anniversary of the
moon landing in 2019, my son’s Bond-themed
Goldberger bar mitzvah, and the Safari with
Ari jungle theme party last summer"
"I love surprising
people, bringing joy and happiness
to others and sharing in it. Planning these
events is how I express my creativity,
engage with the world, and fully
self-actualize. It’s who I am."
Ari added,
"Halloween is the perfect settingfor
a special event. Not only do I do a fun party
but I decorate the outside of the house. This year
was especially over the top and hundreds of
visitors have come from near and far to see it.
I’ve been amazed at the appreciation and
admiration expressed by so many. The looks of awe on
kids and adult faces makes all the hard work
worthwhile. I worked at least 6 to 8 hours every
non-rainy day since September. But it’s fun
for me. It’s play!"
Above:
A good doorman is hard to find
these days but Ari got this guy to work
cheap because he was just laying around
(actually laying underground) doing
nothing anyhow!
At
right and below: Even ghosts, ghouls, goblins
and monster have got to eat and
people who go to Ari's parties never go home
hungry.
"What
I’ve learned from all of the visitors is everyone
loves Halloween because it’s for
everyone, regardless of religion,
ethnicity or political view,' Ari said.
"It shows that we have lots in common.
Everyone loves candy, even if some prefer
Mounds to Almond Joy. It teaches us that we
can be happier together as fellow
citizens if we remember that. This is a
foundation to teach us that we are
stronger when unified along those core
basic principles of life, liberty and the
pursuit of happiness in which we all
share."
Above:
Of course, there is such a thing as too much food,
drink and frivolity
as some of the guests who wound up in the poollearned the hard way!
Below:
Still, most carried on in the proud tradition of Scarlett
O'Hara
and danced the night away declaring, "I will
think about that tomorrow!'
While
Ari left no stone unturned to make sure guests had
an unforgettable time, he had much more in mind than
just fun when producing Saturday night's event.
"We have allowed our greatest strength, our
diversity, to be turned against ourselves as
a weapon to divide and weaken us. The power is
in our unity and common celebrations like Halloween
can be a metaphor for how we get back to enjoying
this great country together, seeking unity on things
with which we agree and celebrate. We can come together, just like we
do for trick or treat. No one asks who you voted for
before they drop a treat in your child’s
bag!"
In
pursuit of that mission Ari made sure there was
something for everyone to enjoy Saturday night,
including horse drawn carriage rides around
Margate City (below).
Above:
there was even a photo booth where every
guest could have a picture taken as a memento from
the big night. Below are some film strips featuring
some of the colorful faces in the crowd.
There
were several well-known figures from the domain
industry in the crowd. At far right in the third row
above is attorney Brett Lewis who arrived as
his hilarious alter-ego Mulletman! At far
right below is veteran domain investor/developer Steven
Kaziyev. We have to think people were a bit
surprised that stylish Steven didn't bother to dress
up for the party, rather than just showing up in his
every day attire!
Asked
for his assessment of how everything went,
Ari said, "I’m amazed. We had
425 guests. It was smooth as can be. We
had 4 bars to spread out the crowd. Guests
were given one of four colored l wristbands
which were associated with designated bars.
I decorated the outside and inside, having removed
all the furniture from the first floor.
The party flowed from front yard to tented
driveway, to backyard to first floor to
basement."
"People
loved it, most were amazed and had never
seen anything like it. That was my goal
and I accomplished it. Of course, I had help
from a bunch of friends. Thanks to Bill,
Steve, Marla, Maddie, Andy, Joey, Maz,
Justin, Bill the DJ and the amazing staff at
Foodarama caterers!"
With
Ari's admitted obsession with exceeding
people's expectations, we asked him what he
could possibly to do top top himself next
year. "Next year year will be even
better!" Ari declared. "The
problem is I think more than a thousand will
want to comes, so I may do a
fundraiser."
When
it comes to throwing a party,
Ari does not clown around!
As
we noted in a DNJournal
Cover Story about Ari, written way back
ih 2006, fundraising for charity is something
he has been doing since he was a kid, so that could
certainly happen. Still, given Ari's propensity for
springing surprises, there is no telling what he
will come up with next!
Jeff
Gabriel Launches Podcast with Announcement of New
Domain Sales Platform Coming from Saw.com
When
Jeff Gabriel
talks, people in the domain industry listen - and
with the launch of his new video podcast
today, they can watchtoo! More on that in a
moment but first some even bigger news. The
Co-Founder and CEO of Saw.com
has announced the company is about to roll out a new
domain sales platform that is bound to shake
things up.
One
need only look at what Gabriel has done over the past
15 years to understand why both of these
developments are cause to sit up and take notice.
Jeff is one of the most successful domain brokers
in industry history with his resume
including a legendary seven-year run as the Vice
President of DomainNameSales/Uniregistry.
Over the past four years at Saw.com alone, he and his
team of five brokers have amassed a stunning $68
million worth of domain sales that have
included names like AI.com, Virtual.com,
Bunny.com, M1.com, Cool.com,
Anatomy.com, Event.com,
Fancy.com, CO2.com, Comet.com,
Media.com and many others.
Obviously
impressive but Gabriel also wants people to know
"We are not a brokerage of just high-profile
sales. We estimate we will finish the year by
selling more than 400 domains in various
price ranges as we continue to break records and
surpass our own goals. We have also developed
an appraisal tool that is being used
Jeff
Gabriel
Co-Founder & CEO, Saw.com
thousands of times per week, providing
valuable
insights to our customers." Another draw at Saw
has been the introduction of a buyer brokerage affiliate
program that allows registrars and third parties
to refer customers interested in purchasing specific
domains that are not currently listed for sale.
With this successful
infrastructure already in place, Saw.com didn't have
far to go to take things to another level.
"That
is why we decided to apply the lessons we have
learned over our time in the industry to build a
new sales platform that allows sellers more
control and more data than they do right
now. We are bringing sexy back!," Gabriel
declared. Saw aims to
release a beta version of the platform in December
with limited access, followed by a full rollout
in January.
To go along with the
rollout of this ambitious project, Jeff also decided
to create an industry podcast, dubbedThe
Uncomfortable Podcast, that he said
will ""encourages more professionals to
take a step out of their comfort zone so they can thrive
(not just survive!) in the modern working world.
Through open and insightful conversations with
business owners, industry experts, and thought
leaders, the podcast will share stories, secrets,
and strategies from people who've been there, done
it, and got the t-shirt when it comes to achieving
extraordinary results. We will offer training
and Q&As as well."
In the first episode,
released today (and available for you to watch below), Jeff
interviews Yoni Belousov, a wildly successful
veteran domain investor since 2005 who has amassed
an impressive portfolio of nearly 100,000 domains.
Jeff noted, "Yoni's success extends beyond
the domain industry too. He has also excelled in
crypto, NFTs, and real estate. Yoni's career began
with affiliates, transitioned to traffic domains,
and eventually evolved to focus on premium
generics. Throughout his entrepreneurial
journey, he has learned to embrace change and
failure as opportunities for personal and
professional growth."
Jeff added,
"Starting the podcast with Yoni is perfect
because I've witnessed him and his portfolio grow
into one of the industry's finest. His
journey of triumphs and setbacks is truly inspiring.
Let me warn you, I am still getting the hang of
podcasting, so have a listen and Enjoy!"
Yoni
Belousov
If you
want to share a direct link to this episode
with friends, that is: https://saw.com/yoni-belousov/.
Jeff plans
to release a new show each week to see how it goes
and gauge what kind of schedule the audience prefers
long term.
Braden
Pollock Sells Socrates.com for $600,000 - Domain
is New Home for a Web3 Social Media &
Entertainment Platform
Our
next
bi-weekly domain
sales report that will be out
Wednesday evening (October 25) is going to have
some eye-popping sales on the Top 20 Chart. Late
last week we told you about the $400,000sale of Betting.online by Radix.
This morning we learned that ApexMoon.com
has sold PFA.com for $450,000 and
this afternoon Braden Pollock at LegalBrandMarketing.com
let us know that he sold Socrates.com for $600,000.
Socrates.com
is the new home of a global Web3 social media
and entertainment platform that launched in
September on the Polygon blockchain. The site
gives users the opportunity to earn by participating in multiple-choice Q&As, debating and sharing knowledge.
A
summary on the site states, "Utilizing an innovative and intuitive UI, the platform allows
anyone to openly debate and discuss any
topic, ranging from politics, philosophy and science to sports and entertainment. Users can create multiple-choice questions and answers in-app, allowing others to interact by responding, giving reasons and liking comments."
Other
details are provided in the Socrates.com mission
statement: "Combining the best of Social-Fi
and Game-Fi, the project aims to
Braden
Pollock
LegalBrandMarketing.com
explore the power of technology to
reshape the world and build a new human civilization.
With social media and mainstream media currently directing collective human thoughts, Socrates inspires individuals to think freely about issues and combats misinformation.
The project endeavors to provide a platform allowing society to understand new and different ways of thinking across geographical boundaries and cultures."
If
nothing changes before our next sales report comes
out, Socrates.com will rank among the five
biggest publicly reported domain sales of the year
to date, tying #4 ECL.com at the
$600,000 mark.
Radix
Books Year's Biggest Non .Com gTLD Sale To Date
Banking $400,000 for Betting.online
Radix
has just closed a $400,000 sale of Betting.online
that will take over the top spot on on Year
to Date Non .com gTLD Top 100 Sales Chart
when the chart
is updated in our next bi-weekly update Wednesday
evening (Oct. 25). That is almost four times
higher than the current chart topper, IO.net at
$118,000. Betting.online also ties Giveaway.com as
2023's fifth
highest publcly reported domain sale
regardless of TLD.
The
registry sold the domain directly to the buyer in
a transaction handled by Escrow.com. As the
biggest new gTLD sale reported in the past five
years, Betting.online also boosts Radix's total
.online premium domain sales revenue to date, through
their registrar partners, to over $8 million.
Karn Jajoo,
Radix Head of Premium Domains, said the buyer of Betting.online is the same
business group that acquired Casino.online
for over $200,000 in 2017. According to SimilarWeb,
casino.online now averages 160,000+ visitors per
month, 34% of which can be attributed to direct
traffic. Karn noted, "Businesses
increasingly see the benefits of owning a
category-killer domain on a new extension because
they significantly amplify search engine
optimization (SEO), enhance brand credibility, and
attract a greater number of online visitors."
Casino.online CEO Patrick Gerhard
said, "“We’re thrilled to add
betting.online to our portfolio and have some exciting
plans for using this domain. We chose to go
ahead with it because a .Online domain is a great
fit for our industry, and having keyword-rich
domains such as these are a critical asset in our
brand and vision.”
Betting.online is part
of Radix’s ultra-premium platinum inventory
that includes names valued at over six figures (USD),
which the Registry expects to sell directly or
through top brokerages and marketplaces. These
platinum domains have a one-time fee and standard
renewal prices.
Betting.online is an
exception to how most of Radix's premiums are sold.
The majority of Radix premiums are tiered sales
with a recurring premium fee and sold through its
global registrar channel network via EPP (Extensible
Provisioning Protocol).
With
Initial Response Exceeding Expectations Domain
Days Dubai Founder Excited About Impending Launch
With
the inaugural edition of Domain
Days Dubai just two weeks away, Munir
Badr, the founder of the new conference in the
UAE, told us the response to the event has exceeded
all expectations. "I never imagined we
would get such an overwhelming response for Domain
Days," Badr said in reference to both the
demand for tickets and the number of experts from
around the world who are flying in for the show.
"We now have 38
speakers set to appear over the course
of a full two-day
agendaNovember 1 & 2,"
Munir noted. "As for registrations, over
170 people - all B2B professionals -
have already bought tickets and we have also sold
out our hotel room block at the Marriott
Resort Palm Jumeirah."
Munir
Badr
Domain DaysFounder & Curator Founder & CEO at AEserver.com
"We are
now in the final stages of planning and
things are going smoothly," Munir
added. "We will have large LED screens
for the sessions, amazing food and coffee
breaks, wonderful dinners and we've even upgraded
the day two yacht
party by moving up to a stunning
155ft/47 meter yacht so we can accommodate
far more guests than the 65 VIPs the original
boat would have been limited to."
Badr has lined
up four top notch moderators - Braden
Pollock, Tess Diaz, James
Williams (MEF) and Leonid Todorov
(APTLD), to ask the kinds of questions that
will elicit invaluable information from the
dozens of experts that will be on stage
during Domain Days Dubai. Munir was also
happy to announce that Abdulrahman Almarzouqi,
the head of the .aeregistry (the UAE's ccTLD),
has accepted an invitation to deliver an
opening day Keynote Speech.
As of this
writing a limited number of tickets
were still available on the Domain Days
website. VIP tickets were $499 and Standard
tickets $299.
How
Positivity and Perseverance Powered Sedo Premium
Domain Broker Mark Ghoriafi's Rise to Prominence
I
was happy to see a Sedo
post on Facebook Friday announcing that Mark
Ghoriafi was joining the company's all-star
team of premium domain brokers. Happy for
Mark, who has impressed me with his
positive attitude and energy from the first day I
met him almost a decade ago, and happy for
Sedo who will benefit from having this highly respected
proven pro representing them.
In
his steady 9-year rise through the ranks
Mark has had the opportunity to learn form some of
the best people in the business, starting with .CLUB
in 2014, followed by successes with .GLOBAL,
Afilias and Radix and the launch of
his own shop
at MrPremium.com. Mark had also worked with
Sedo on specific projects over the years so they
were already well aware of his capabilities.
While
Mark is widely known throughout the industry I
wanted to share his colorful and inspiring background
with those who haven't met him yet or have
never heard the full story. So, over the
weekend I connected with Mark, who moved to Fort
Lauderdale after growing up in the UK,
for the interview below. This is Mark's word for word
account of where he came from, what he has experienced
along the way and where is headed now:
Mark
Ghoriafi
Premium Domain Broker
"From
fun-in-the-sun hospitality to the world of professional
wrestling, and of course our passionate domain
names industry, all my business paths had the
same personal desire; to support my family
and enjoy life’s journey!
," Ghoriafi began.
Mark
with his parents in England.
For
over six decades my father has been a respected
political journalist, with a natural flair
for creativity and a strong business mind. My
mother has always been a social butterfly,
having a diverse and successful career in sales
and hospitality. They reached milestones in
life many can only dream of, but in the late
80’s when I was two years old, the effects of
continuing war in the region resulted in a complete
loss of wealth, with them having to hit
the ‘restart button’ in life.
I
grew up inspired by their determination to
persevere, gaining a strong set of ethics,
morals, and appreciation for efforts needed to
succeed. It was only natural that my life would
lead me to destinations
where passion, patience,
and persistence
are at the core of what I do, with my parents
still always giving me their unconditional
support and love.
My
graduation from Oxford Brookes University studying
Marketing Management in collaboration with
one year spent studying in the U.S. at a
prominent Pennsylvania school, gave me the
educational tools to go out into the business world.
I spent eight years working in Corfu, Greece
focusing on face-to-face selling and customer
psychology, and in addition founded a successful online
store within the sports memorabilia industry,
all of which provided a well-rounded overview of
business logistics.
In
late-2014 I was unintentionally "body
slammed into domaining" stemming from
my fandom years with the superstars of
wrestling, where innovative self-marketing
led to an alter-ego identity being born. I
became known as “WWE Superman” in
the wrestling community, traveling alongside
the icons of wrestling across Europe and the
U.S., building a strong network of public
figure friends and associates.
It
was during these times that the .CLUB domain
extension launched, also having some notable
celebrity names using a .Club for their fan
clubs. With my desire to move to America
WWE
Superman Mark Ghoriafi with Hulk Hogan
perfectly
coinciding with their need for someone to join
the team and help grow awareness by
onboarding influencers to actively use the
domain, I entered into the industry.
Mark
Ghoriafi, .CLUB CEO Colin Campbell and CMO Jeff
Sass (2nd, 3rd and 4th from left) at a .CLUB dinner with friends, Ray Dillman Neu
(far left) and Howard and Barbara Neu (far
right).
I
worked directly with Colin Campbell and Jeff
Sass, the then CEO & CMO of .Club, with Jeff
becoming (and still being) my mentor (Jeff is
now the CMO of .ART domains), and under his
industry tutelage I advanced my role into premium
domain sales, me able to confidently say I
superseded all internal selling expectations.
Those
initial years in the industry helped me establish
future footsteps with premium domain selling,
working with Rolf Larsen (Founder of
.GLOBAL) and an exceptional family-like team,
collaboratively advancing the company to a high
enough level where the decision was made to sell the
extension to Afilias. I was graciously asked
if I wanted to transition into Afilias and oversee
all premium domain selling activities for dozens
of Afilias-owned domain extensions, to which I
accepted, having notable success with .BET
and .POKER.
Mark
with .GLOBAL Founder Rolf Larsen at the 2023
NamesCon Global conference in Austin.
It
was unfortunate timing that during my peak of
achievement at Afilias, a 20-yar-old-company, a
decision was again made to sell the company.
However, when that door closed, a window opened, and
I decided to start my own domains brokerage
and acquisition:MrPremium.com.
Now,
many people may be most familiar with me as
the founder of MrPremium.com, which has
become a respected and recognized brand in
the industry through its daily outbounding,
innovative marketing, and unparalleled
social media, with especially big waves made
with the .io ccTLD, and achieving millions
of dollars of total domain sales.
Whether
it was skydiving from 10,000 feet inKey West, snorkeling with shipwrecks
in the Caribbean, or in the dungeons of a
castle in Puerto Rico, the MrPremium
brand and the domains under brokerage where
being promoted in a never-seen-before
style, resulting in selling victories
and new opportunities, including my new
happy horizons with Sedo.com.
(Left
to right) Mark Ghoriafi, Marc Stepken, Sedo
Senior Broker Dave Evanson and CEO Michael
Robrock at a Sedo Party during the 2020
NamesCon Global conference in Austin, Texas.
Throughout
my 9 years so-far in the industry, I have crossed
paths with Sedo on many occasions, teaming up
and partnering with them at many events and
conferences during my time on the registry side of
the industry, so I am no stranger to their style
and success.
With
recent life advancements, including getting
married to my wonderful wife and moving to Fort
Lauderdale Beach, future stability is a
desired focus for us both. So, when casual Sedo
conversations turned into long-term business
opportunities, it is with great pleasure to say
that I have now joined Sedo.com as a Premium Domain
Broker. I will be working with a team of likeminded
passionate people who I respect and admire, also
thrilled that MrPremium clients have chosen to
join in my exciting journey, with their
domain inventory coming to Sedo brokerage.
As
many will already know, Sedo
is the world's largest domain marketplace,
having 22 million domains for sale, 4
million parked domains, 2 million
customers, 700,000 domain sales since
inception, and is world's leading platform
for domain buyers and sellers.
I
am proud to be a member of the Sedo.com
team, and an extra special thank you to Michael
Robrock (CEO), Christian Voss (CMO),
Paul Martin Fawell (General Manager),
and Dave Evanson (Senior Broker) for
your above-and-beyond daily support helping
me settle in.
Finally,
Ron, on behalf of the entire domains
industry, thank you for your
DNJournal.com writings, reports, and
always insightful industry news. You are not
just a blessing to our community, but a
friend to us all.
(Left
to right) Sedo Director of Business
Development Sophie Pieck, CMO Christian Voss
and newly named
Premium Domain Broker Mark Ghoriafi.
Another
day, another dime, another dollar, another day in domaining paradise!"
Mark, joyfully as always, concluded.
ICA
Accepting Nominations for Lonnie Borck Memorial Award -
Winner Will be Honored for Helping Build the
Domain Industry Community
The
Internet
Commerce Association
(ICA), the non-profit organization that fights for
domain owner's rights, is now accepting nominations
for the ICA's 7th annual Lonnie
Borck Memorial Award (LBMA). The
prestigious award was first presented in 2017 in
memory of the late universally loved domain
advocate Lonnie
Borck.
In
the LBMA's first three years its recipients were
chosen based on their "exceptional efforts in
championing the rights of domain name
registrants" and went to industry leaders
from the legal arena. Starting with the 2020
award, the criteria was broadened to include every
corner of the domain industry with the guiding
principal being to recognize a person who has made
"extraordinary contributions toward fostering
a sense of community within the domain name
industry."
Everyone
in the industry (whether they are an ICA
member or not) is welcome to submit
a nomination for the 2024 Lonnie
Borck Award that will be presented at the
ICA's next Annual
Meeting that will be held January
17-20, 2024 at Resorts World in Las
Vegas. Nominations will remain open through
the end of October. The ICA Board will then
review and approve nominees with ICA members then
voting to select the winner.
Lonnie
Borck
The
previous winners of the Lonnie Borck
Memorial Award were;
2017 - David Weslow
2018 - John Berryhill
2019 - Kathy Kleiman
2020 - Ron Jackson
2021 - Michael Cyger
2022 - Andrew Allemann
In
those years the LBMA was presented at the
annual Namefest Global conference.
The 2023
edition of NamesCon was held
last spring but since the ICA has now
established a popular stand alone annual
meeting for its members, they decided to
wait until January to present the next one
(hence the 2024 label on the 7th LBMA rather
than 2023).
GGRG's
Latest Quarterly Liquid Market Report for 3Q-2023
Shows Stable Market for Short .Coms
GGRG's
latest
quarterly Liquid
Market Report, covering domain
sales from this category reported in the 3rd
quarter of 2023, is now out. The report covers
a subset of the overall aftermarket - short
acronym and numeric domains - that, due to
steady demand, tend to have more liquidity
than most other domain categories. These are .com
domains comprised of 2-4 letters, 2-5 numbers
or a combination
of 2-3 characters mixing letters and numbers. Taken
as whole, that "liquid" universe
includes 614,928 .com domains.
In
this 29th edition of the report GGRG Founder Giuseppe
Grazianocompiled $22.4
million worth of sales closed on the
Escrow.com platform, reflecting a stable
market as it follows
a total
of
just under $22 million in the previous quarter. Most
of the sales that contributed to the 3% uptick from
2Q-2023 came from the 2-letter and 3-letter
.com categories. Those accounted for a little over
$8 million each in sales.
Graziano
noted, "The 5th percentile (which is a proxy
for the liquidation value - a price floor)
for 4-letter .com domains held pretty well at
$137, while the 5-number liquidation
value increased by 25% to $65.
Overall, liquid domains are generally holding
their value without major changes.
After
Making Millions From His Biggest Deal to Date Rick
Schwartz Reveals His Formula for Success
On
Mondaywe
told you about Domain KingRick
Schwartz closing out a domain
deal that started 14 years ago when he
sold Candy.com for $3 million + 5%
equity in the buyer's company. When that
company (GreenRabbit)
was acquired by the Performance
Food Group this week Rick's equity
portion brought him and additional $7 million
that sent his total revenue from the deal past the
$11 million mark!
In
our story, Rick noted that the Candy.com deal, his
biggest ever, would now be the baseline model
for his future transactions. His quarter of a
century in the domain business gave him the kind
of experience needed to come up with aformula
that can be repeated over and over again and
now he is sharing it with everyone who wonders
what is in his secret sauce.
"First,
this formula won’t work unlesswe’re
talking about great .com domain names.
Category killer .com domains - it is not viable
with any other extension," Rick
began.
Rick
Schwartz
"Dotcom domains are the very foundation
of the entire Internet. Recognizing the value of
those names has taken decades but it is becoming
apparent what a domain really is - it is much
more than a name.
It’s
your World Headquarters
It’s
your WorldFamousBrand
It’s
your WorldwideBusiness
It
comes with a GreatLocation (assuming
you stick with dot-com domains).
It
comes with Unlimited information,
products and expansion ability.
It
can be transformed into a Skyscraper.
It
can be Invented and Reinvented.
"It
is the one phrase you have to say for anyone
to gather all the information they could ever need
about you and your company," Schwartz said.
"It is the landthat all business is
built on today but startups and others have a
BAD habit. They start with a crappy and cheap domain
name and their efforts are not amplified as they
should be, they are diminished and minimized.
By the time they figure it out, they are bleeding
badly and losing talent. Game over!"
"My
formula entails getting an end user or startup
into a high profile domain so they can break
through all the noise of 100 million businesses,
jumping up and down yelling me, me, me. So, I get
them into a prime one or two word meaningful name
for as low as $1000 a month with annual
increases. This gives them time and space to
amplify their message in the right way and get down
the runway and have a successful takeoff. Not
a crash."
Rick
Schwartz with ABC-TV's Shark
Tank's
Barbara Corcoran at the 2008
T.R.A.F.F.I.C.
conference in New York City.
"I
try to explain to them that a good name is
easy to remember but a great name is hard
to forget. What is the value of that?
They have a choice - they could lease
another Mercedes-Benz for one of their
overpaid execs or they can lease a
life-changing domain name that will
supply them with Mercedes-Benzes for the
rest of their lives."
"It’s
a simple and successful formula that can be
repeated again and again in any
industry. It’s been decades in the making,
but the time has finally come. As the
owner of a great domain name you are
entitled to some of its future success.
It’s more than just selling a name. It’s
planting a seed that has the
potential to germinate and be life-changing. When
we talk only about price, it’s one
dimensional. When we talk about opportunity
and dreams and folks with a burning
desire, it’s an entirely different
conversation with an entirely different
outcome. The story of Candy.com is astory
that can be told by many. But CEOs and
companies have to rise to the occasion. It’s
a new day and a new era. Their very survival
depends on it."
In closing, Rick added, "I can help startups takeoff
with a minimal investment but they have to
understand how important their domain name
is because if they don’t or they pursue some
unknown and unworthy extension, they’re going to
either have a very costly rebrand that may or may
not work or they’re going to crash and burn before
they figure it out."
You
can agree or disagree with what Rick has to say
(people have been doing so since he started back in
the 1990s) and you can debate the merits of
alternate strategies, but given the numbers he has
put up over the past two and a half decades, it's
hard to argue with success.
Colin
Campbell Reveals Serial Entrepreneurs Secrets in
His New Book Released Today - Start. Scale. Exit.
Repeat!
The
highly-anticipated new book
from serial entrepreneur Colin C. Campbell
- Start.
Scale. Exit. Repeat - was released
today by Forbes Books. As the founder of the .CLUB
registry that he launched and developed before
selling it to GoDaddy in 2021, Colin is a
very familiar figure in the domain business (In
2016 we told his life story in a DNJournal
Cover Story that still attracts daily
readers to this day). In addition to .CLUB,
Campbell built, scaled and exited several other
internet companies including Tucows Interactive,
Internet Direct Canada, Hostopia and
GeeksForLess that have a combined valuation
of $1 billlion. He and partners
continue to launch new companies that currently
include Paw.com, HipOptical, GiftAI.com,
EscapeClub, and Startup.club.
Colin
spent 10 years working on the new book, sub-titled Serial
Entrepreneurs' Secrets Revealed! It is a
remarkable 58-chapter, 523-page guide featuring
tips from over 30 experts,
including authors and seasoned entrepreneurs
like Reebok Founder Joe
Foster, and Crossing the Chasm author Geoffrey
Moore.
In
a post about the book on the Startup.club
blog, Colin said "If you have a
strong team, the right funding, an industry
‘X-Factor,’and efficiently
strategize, you’re well on your way to serial
entrepreneurship. The formula for success
isn’t straightforward and one-size-fits-all, but
every business canbenefit from learning
and integrating winning techniques in your
enterprise. Emphasizing the well being of your People,
Money, Story, and Systems in
each stage of serial entrepreneurship– Start,
Scale, Exit, Repeat– is key to overall
success."
Knowing
Colin and having heard him speak to the topics in
this book over the years, I fully expectStart.
Scale. Exit. Repeat to become both a
current best seller and a timeless
business classic. I downloaded a Kindle copy
from Amazon
first thing this morning, so
if you don't hear back from me right away, you
will know I am busy reading!
If you've
been out of the loop lately, catch up in the Lowdown
Archive!
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