What happened in 2010 will take 18-36 months to completely manifest itself. It's a 'Germination period' and you have to understand and respect that time gap or your crop will never grow and mature. Fruit takes TIME to ripen and sweeten. In business, that cycle is usually 18-36 months. How do you stay ahead of the future? By predicting an event and then the fallout of and from that event and beyond. Just act on a hunch, get it right and be there first.
In January I EXPECT Ron Jackson to report that 2010 was the #1 year for domain sales. That is my assumption and right or wrong, that is what I will base things on. Originally I thought it would happen in 2009, but there was just not enough time for the recession and business realignment to manifest itself. In 2010 there was. So I believe the right prediction, just a bit early, which is infinitely better than being late.
2010 will be a record breaker. A record breaker in a string of record breakers to come. And please keep in mind these are only the “Reported” domain sales. The unreported sales likely eclipse this number. Yes, eclipse. The biggest deals are often silent deals. There is probably not a real domainer out there that does not have at least 1 or more private sales. Many of them have had ALL their deals private. Post and let me know. You won't be violating any agreements with such a general response.
So in the not too distant future we will see $150 million years in REPORTED domain sales. Then $250 million. And in a much shorter time from 1996 to today, we will see a Billion in domain sales in one calendar year. All will happen. All are easily predictable. The only moving parts are which exact domains and what year will each of these events happen.
There are those that would argue with me. I would take their side. I just don’t like being wrong and late to the game. The future will bear that out.
Arguably more progress has been made online in the last 24 months than the last 24 years. Things have a way of accelerating and while we are FAR from full speed, we are FOR THE FIRST TIME, heading in the right direction. It takes a long time to get to where we are. It won’t take so long to get where we are going. Grasp where we are going and you will be rewarded. Go against it and it may cut you to shreds. Don’t get T-Boned by the future. Hit it head on and devour it!
As for Social Media, that requires a separate post. This was a real break out year for this and it changed human behavior more in one year that any other thing possibly in the history of mankind. The Facebook and Twitter logos are on everything. From zero to infinity in 12 months. Like I said, it deserves a separate post. I look at it as an added booster rocket to domain names. Many think the opposite and of course, I believe they are wrong once again. Just like they have been wrong about every other event that was going to destroy domain names. In fact, it does just the opposite. It is the very best thing that could happen to domain names. Facebook and Twitter are the 'Training wheels of the Internet' The starting point, not the ending point.
Have a GREAT Day!