Honestly, There Is No Chance New Domain Extensions Will Fail Anytime Soon -

New Domain Extensions

Some people say that the new domain extensions will fail with some even declaring that they have already failed.

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Honestly, There Is No Chance New Domain Extensions Will Fail Anytime Soon

Some people say that the new domain extensions will fail with some even declaring that they have already failed. However, the truth of the matter is that chances of new domain extensions failing are close to zero since a large number of people are still investing in them including .com domain extensions, which still holds a lot of growing value. New extensions like .club, .shop, and .xyz clearly show something is happening in growing value.

The main challenge is that domain investors playing short games tend to lose with new domain extensions since they do not currently carry the same liquidity as .com. The issue here is realism. When .com initially launched, people did not think of the internet as something that would take off. They still bought and sold things in stores even if online purchasing and selling was considered a cutting edge.

When the internet took off, so did .com which was found to be superb by most people who decided to invest in domains instead of real estate and the stock market. That said, we should not let speculations on the failing of domain extensions cloud our future vision. While change is a certain possibility, there is no reason why huge .com investors like Frank Schilling would decide to place dollars into new TLDs. It is not due to the failing of .com or its slow decline, but simply because they know the world is becoming a global village, thanks to the internet. Therefore, new domain extensions are becoming real and are adding meaningful value.

There are also really good and cheap domains out there that you can purchase if you don’t have one already.

Examples of the millions that have gone into the .com domains include

  • com that sold for $16 million in the year 2009
  • com went for $18 million in the same year
  • com went for $35 million in the year 2007
  • Facebook purchased FB.com for $8.5 million in the year 2010

If you would like to register a .com domain, you will need to have lots of money, as well as be super creative rather than settle for less than ideal domain names.

So, if you think that new domain extensions are going to fail, that’s not true. You need only to look at the latest TLDs coming into the internet space. It might take some time to cover the popularity ground within the first year you start your online business, but by the end of it, you will have picked up stream. A good example is Alphabet, the new Google parent company, which cleverly picked the domain name abc.xyz.

 

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