Domain investor James Wester posts his thoughts around the .BUZZ registry. His blog: James Wester|Virtual Property Expert can be found here.
James brokered the top 10 2014 domain transaction accomodations.com and can be contacted through his blog.
The New GTLD Extensions As Viable Business Models
Over the last several weeks, I’ve been asked what capacity I’ve been involved in the new GTLD .buzz and how I viewed the new extensions. I blogged about this about 4 or 5 months ago and used the analogies of the stock / share markets as well as how we are evolving online. Seriously, I’m 44 years old and if I were to talk to my 14 year old self, only 30 years ago, and said “Hey, psst- you’ll be able to access information at the tap of a pad and the click of a mouse”, I would’ve looked at my older self like I was on some sort of drugs and would’ve asked my older self why I was playing with mice.
Fast forward to the current day and the current business models of the new GTLD’s that are here and are still coming into the market- I’m a rifle guy, not a shotgun guy, and I’ve picked 2 thus far to invest in and I’m going to be investing more over the coming weeks.
For those that are interested in my methodology of picking names in this new space, I’m going to list what I own here. I’ve protected what I believe needs to be protected with regard to names with my primary GTLD combined with .com. If you see one that you want to register, please go ahead. 🙂
I’ve received an offer to purchase summer.buzz about 4 days ago for $500. The software script that is in development now for the .buzz extension could very well demonstrate the viability of 12 to 24 month contracts for exclusive advertising that would yield up to $5,000 per month. So why would I sell a domain name for $500 that can yield a $60,000 per year residual income? The answer is, I wouldn’t. The reply was simply “No thanks”.
I’ve received a confidential offer on brisbane.pics and melbourne.pics. I have declined the offer.
If you have any questions regarding the new domain extensions coming into the market as well as still yet to enter general registration, contact me.