If you’re seeing the TLD seas swell and rise, it’s because many new gTLDs are currently launching, or about to sail into the ocean.
This is the time that you must define your route, your strategy, your compass and get ready to leave the comfort of the shores behind.
Regardless of whether you like it or not, the change is happening. No more single route to follow, the ports are opening and the world of trade is your oyster.
You can become a Marco Polo, exploring the routes that hide the gems, the silk, the spices, the gold and ivory – you need a plan and a strategy, even if you start with a blank map.
Alternatively, you can sit at your front porch and watch the ships sail by.
Risk isn’t for everyone, but opportunity doesn’t seem to knock on people’s doors, you have to set forth in order to find it yourself.
The new gTLD expansion is not a Pokemon collector’s manic manifestation; nobody forces you to invest in everything and anything available.
Your options, however, are wide open: there is a plethora of gTLDs that will offer strategic acquisitions, development potential and possible rewards.
The idea is to prepare for the voyage. The rest, is up to you.
As you said yesterday, “Those that blindly support a crazy-priced gTLD extravaganza are equally clueless as those that fully refuse to partake in the new namespace expansion.”
The majority of ‘successful’ domainers out there all seem to have indicated that they’ll likely dabble in these new TLDs. Even Rick has stated he won’t miss an opportunity when he sees one, in this regard. On the other hand, the blogs are filled with comments on how the great majority of them will crash and burn and making any investments in that space is like using money for kindling.
I’ve got my plan, and will partake in my own way, with a fixed budgeted amount to invest and strategy to my buying approach. TLDs I think will succeed. No more than a couple of names in any TLD. Names that are not premium and can be bought at reasonable costs. TLDs that I personally like due to my personal interests. Names that make sense and can be businesses or money making built out websites for someone. Names where the corresponding dot coms are already registered and perhaps making money (but not trademarked)! That’s how I’m gonna roll.
BTW, yesterday, you also stated “Every premium (read: usable) .cooking domain is reserved”.
I registered my first new gTLD name yesterday getting stovetop.cooking for €29.95 for first year. For the same price, I also bought ToolsFor.Cooking; TransportA.Horse and MoveMy.Horse. All have developed dot coms out there.
You can laugh, you can praise. I really don’t give a shit…I just thought I’d share my plan and strategy! Perhaps I’ll write a post about it. I love watching it fly!
Vincent – Great seeing a man with a plan, for a change! 😀 Remember: it’s best to bend a little during the storm than fight it face on; prevents a complete break-up.
Thanks for salvaging my commentary, I appreciate it.
Best of luck with your registrations, although at this stage I would not openly share with the public what I register or intend to; it’s part of the goal to succeed. 😉
Vins because most of the new TLDs will fail it doesn’t mean that are no opportunities in the 50-100 that will succeed. Even if only 10 succeed there is still opportunity there.
Theo, my main problem is that there will be not a lot or room for planning. For me that is. Because I don’t plan on paying premium prices for new gTLDs and the domains I want to get are certainly premium. I won’t settle so if I can’t get the ones I want I will just stay out, watching…
Kosta – A plan doesn’t have to be grand, it just needs to be in place. 😉 An exit strategy should be part of any plan, as well. The idea is to make more money than what we begin with.