I think we can safely say that we are all veterans of the next extensions. We have seen them come and we have seen them go. They are a FLASH in our destiny’s and they mean something at the time and then they each go off into the sunset.
So whether it be .mobi, .co, .xxx or the .whatever’s to come, they are here, and then they are not. But that does not mean you lock them out or avoid them. You embrace their out reach. It’s a win-win situation. We all use each other with a common goal. Long as that common goal is met, all is well.
We are likely to see dozens, hundreds and even thousands of new .whatever's come to market in the decade ahead. Most will be flops. But flops still have budgets. What may be a flop to us, may be a success to them. The point is it will be their dollars that push us all forward during the next leg of this evolution. And no matter what comes, there will be dollars chasing .whatever and domaining is not a religion. I am a dotcom guy but that does not mean I can’t get some of the dollars that will fly around there for the taking. .Whatever is not a threat, it is an opportunity that will come in many shapes and sizes and your job is not to close your mind. Keep that mind open at all times because things change all the time.
I have 6000 dotcoms and I have maybe 1000 .whatever. Guess what? They are all investments in the future. I am not smart enough and nobody reading this is smart enough to KNOW how things will unfold. But when you follow the $$$, sure as hell gives you a roadmap. Follow the money. Get your share. Buy low, sell high, doesn’t matter one bit what it is. Chickens, pigs, furniture, hot dogs, advertising, gold, stock, put whatever you want in the wheel barrel. The recipe is exactly the same.
If you know how to sell, then it is no harder and often times easier to sell something for $500,000 than $50,000. If I were a Real Estate Agent and I closed sales, I would be wasting my talent at the $50,000 level when I could sell the same amount of homes with a $500k or $5MM price tag.
When you invest you buy time. With that time you get new information and then can adjust accordingly. With time you can make a decision what to do. Time allows you the luxury of watching things evolve. If they evolve towards you, hold pat. If they evolve away and not well, then you can abandon or sell. Just spot whichever it is before the market figures it out. Sell high when there is demand. Nobody hits .1000. Few hit .500. Baseball players make millions with .333 and few hit that number. That does not mean millions can't be made at .100 or even less.
If you get 1 out of 10 in domaining you can still make millions. That seems like pretty easy odds when you look at the whole picture.
Speculation is about striking out 100% of the time. That's it. Striking out each time until you make that strike and everything changes. Others can laugh that you are digging here, there and everywhere, but the same folks will wish they were you when you strike it big. The bigger the reward, the bigger the likelihood you will strike out almost all the time. But 'Almost' is not 'Never.'
We can all fish for record setting catches and we do, but you also have to eat along the way. Dotcom is king and it is not going to change. But there will always be folks that believe different and you should pay attention only when you see big money going there. Big money is usually smart money. It knows something you or I might only be speculating on.
Have a GREAT Day!