Good Afternoon folks,
Many of you have wondered why I have remained so silent on the Snowe Bill. What am I supposed to say at this point? It isn't like I did not see this coming and I stated so very publicly back long before the Snowe Bill even emerged. I really can't say any more so all I can do is wait for events to unfold and reprint my words from the DNJournal article I contributed to at the beginning of the year that says it all. Pretty frustrating when you see this stuff coming years away and then few pay attention until crisis is on the doorstep and even then most say they will just leave it to others to take care of.
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“Everyone knows I am about the most optimistic
person you will ever meet. But my optimism is never divorced from reality. Reality is what IS whether we like it or not. I will probably take some heat for what I have said and even more for what I am about to say, but so be it. The following was a blog post I was going to make this week. I think it would have more value here first. There is no question that 2008 will be the most challenging year ever for domain owners and investors. While domainers are having a grand old time their livelihoods are in peril
and few really even want to know about it. Combine that with the abuse that domainers themselves are guilty of and I will tell you that the biggest threat lays within the industry. Apathy, greed, wrong doing will surely put us all in jeopardy. While we do these things, our enemy is organizing and they will change rules and laws that will take YOUR domains and the earnings they currently make for you and
your families and are actively trying to shift those dollars to their pockets for them and their families. |
But party on like a ship of fools my friends. My gift is seeing things before they materialize. But hey, don't pay attention. Don't believe it. Don't do anything. But I promise you that some day in the next 3-5 years (Maybe much sooner) I will point to THIS POST and let you know that there was an opportunity to avoid it but you were too busy laughing at what I suggest. The laughter no different than the day I "Wasted" my first $100 and bought a domain name. So I am quite used to it.
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The forces are gathering. You have a choice to ignore this. But when you do, ask yourself how you are going to feel when your domains are in jeopardy? When it is too late? When your domains are gone and the income along with them? Like I said, the biggest threat may be from within. Let's face it - many registrars and others are just outright
whores and their practices are not only raising eyebrows, but rules and laws will be put in place to try and control them and their abuses. While doing so we may get smothered in the process. Some domainers are no better.They
focus on Trademarked domain names and that does not help us either. Some think the problem is small. I will respond to that once I stop laughing. It is out of control and makes everyone look bad. I see what is going on daily when I
get emails from the Internet Commerce Association (ICA). The threats are everywhere.
Forces against us are joining together. If the domain industry does not get ahead of this we will all see the day in which some unfair ruling will be
used to take your assets away from you. Those assets are worth a fortune. No matter what silly appraisal you have had, GREAT domains are worth much more than what they say.
The proof will be obvious when you see the millions they will spend to get what you have at a FRACTION of the fair market value. There are storm clouds gathering and it is serious. Choose to ignore and you have only yourself to blame. The choice is easy, start educating yourself now. Get the ICA newsletter. Pay attention to the decisions and why domainers are losing domains. Do whatever you can to prevent what is IN PROGRESS. Or do nothing and start looking for your next career and how to replace your incomes.
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