Conferences & Tradeshows

My TRAFFIC Experience & Recap

I returned home from Ft. Lauderdale yesterday evening, and I want to share some of my takeaways from the TRAFFIC conference. Overall, the conference proved to be a great networking opportunity (as it always is) in an excellent venue.

–  Domain Holdings  made a very impressive showing. In a short span of time, the company has hired a number of people who are experienced in the domain industry and some from outside of the domain space. In fact, when I first arrived, I said hello to someone I know who has worked at a successful but covert domain company, and I was surprised when I saw his tag said Domain Holdings. I think Domain Holdings is a collegial team of experts who are working on products and services that target various segments of the domain business, and I bet you’re going to hear a lot about them in the next year.

– I had a productive meeting with Protrada about the company’s platform, and I am going to set up my account ASAP. I was given a walk through, and I think it is going to help me stay on top of potential acquisitions and auctions. If you haven’t checked it out yet, it’s quite comprehensive and well put together.

– I really appreciated the fact that GoDaddy was there and took the time to walk through the auction platform. I had some issues with it, and I was able to learn a few tricks while showing some of the areas of frustration.

– Sedo and Afternic announced news during the conference, which will help domain owners sell domain names. Afternic is partnering up with Godaddy and Sedo expanded its SedoMLS distribution channel. It’s going to pay to list your names on both platforms. I also had a nice conversation with Don Lyons, who let me know about Moniker’s new partnership with Afternic, making it easier to sell names.

– Whether you think adult sites are good or bad, .XXX domain names are good or bad, or whatever your feelings are related to the adult industry, I can tell you they have a smart team running the operation, and I think they are going to be very successful. I had a long and candid conversation with ICM Registry CEO Stuart  Lawley, and I came away impressed with the organization.

– The .XXX party at the W Hotel was fun. The venue was great, especially because it was so close to the Ritz Carlton.  I think the party could have been a bit more “adult” though 🙂

– I am glad that  Mike Mann was on the Test Track panel. He was very blunt when he needed to be and was entertaining by calling things the way he saw it. I think organizers need more vetting for Test Track to avoid no shows and to choose presenters with solid business plans.

– I want to wish Mike Berkens congratulations for Blogger of the Year. It’s very well deserved and certainly hard earned.

– I think there should be a Domain Broker of the Year category. I know awards aren’t that important to many people, but the broker side of the business helps bring in considerable revenue to domain investors, and some brokers are far superior to others.

– There was a guy who showed up at the conference with one of the most unbelievable lists of category defining .com domain names that made everyone’s jaws drop. Apparently, his father founded the company a number of years ago.

– The Ritz Carlton in Ft. Lauderdale was an excellent location to hold the conference. It was large enough that there was space to spread out and hold private meetings, but it didn’t feel like it was too expansive. The corridor outside the ballrooms was conducive to meetings, and to meet with companies that had booths. There were several areas (inside and outside) and restaurants for private dining and larger parties. In addition, there are a number of hotels within walking distance for those who don’t have a Ritz Carlton budget.

– Despite the three days of rain, spirits were still very high. People stayed at the venue for the most part, and there were many good opportunities to meet with other people and companies in the industry. I tend to take some time during the conferences to catch up on work/emails…etc, but I stayed at the venue almost the entire time.

– I am sure many people are just waiting until I discuss the auction. Actually, a lot of people will probably skip over this entire post just to write negative things about the auction. In any case, I don’t think it takes a genius to realize the results weren’t great. I think the .XXX sales were strong, although I wouldn’t have been surprised to see Movies.XXX sell, in light of a few other high dollar sales. Everyone seems to have an opinion on what went wrong and what can be improved, and I am going to stay out of that.

– As usual, the show organizers put on a professional trade show without many hitches. They’ve been at it for years, and I felt that the whole Traffic team made attendees feel welcome and appreciated.

TRAFFIC Ticket Price Increase Tonight

For those of you who are either on the fence about attending TRAFFIC in Ft. Lauderdale in October or are just lazy and haven’t purchased your conference ticket yet, the price will increase tonight. The current rate is $1,595 and it will increase to $1,795 later on today.

If you happen to live in the NYC area, JetBlue is offering some pretty good flight rates. The Ritz Carlton, which is hosting the conference, has rooms for around $250 night at the conference rate. I am not sure if the hotel is close to being sold out, but when I sought out better rates, other travel sites said there were no rooms available at the hotel, although you can still book online with the conference code.

It does seem that most of the nice hotels in the vicinity are around the same rate, so I will likely be staying there and booking it within the next couple of days.

According to Rick Schwartz, there are just over 100 tickets for the conference remaining, although he didn’t say how many were being sold in total. While it’s not going to be the same size as the annual DomainFest conference, I believe most of the people who are fully vested in the domain industry will be in attendance.

Personally, I think attending a domain conference is a very good way to learn more about the domain industry and how to make money, if you are willing to put the time and money into learning. People tend to want to meet with people they already know, but if you make the effort most will be willing to take the time to talk to you. I guess the same can be said about every industry conference and this is no different.

Bill Karamouzis of HallPass Media to Keynote at TRAFFIC

Rick Schwartz just announced that the keynote speaker for October’s TRAFFIC conference in Ft. Lauderdale will be Bill Karamouzis, CEO of HallPass Media, The topic of the keynote speech will be “the challenge of developing our domains into businesses.”

Bill’s company has been written up in TechCrunch several times in the last couple of years, most notably to domain investors for its purchase of CookingGames.com for $350,000. While some criticized this purchase as being overpriced, the advantage for a development company like HallPass Media is that it knows conversion metrics and can base it’s acquisition price on actual experiential data. HallPass Media operated hundreds of unique games on it’s websites.

Previously, Bill successfully built and sold another gaming business, Addicting Games, to Atom Games, for an undisclosed sales price. At the time of the sale, it was one of the most trafficked websites in existence.

In April of this year, HallPass Media (which had independently raised $2 million) was acquired by MindJolt for an undisclosed price. The acquiring company is led by the founder of MySpace.

I think this is a wise choice for a keynote speaker at TRAFFIC. Bill clearly knows how to develop a business using strong domain names as the foundation, and I believe he’ll be able to give some practical advice to those of us building our own businesses.  

I Don’t Like DomainFest NYC Format Change and Price

The other day, Andrew posted an article about a change in format for Oversee’s DomainFest event in New York City. Instead of full day of networking like last year’s event, there will be a 3 hour meet up with dinner and drinks at a rooftop bar in midtown Manhattan. The cost is $150 to attend.

I don’t know about you, but I’m not digging the whole $150 for dinner and drinks with Oversee in NYC. I also don’t like the change in format since last year’s event in New York was very good, with a large attendance.

In my humble opinion, fewer people are going to show up for a three hour evening event than last year’s full day event, which had a pretty sizable attendance. If you want to come to the event from out of town, you pretty much have to spend a few hundred dollars for a hotel room because it’s unlikely you’ll hit the road after drinking for a few hours. IMO, this also means fewer people, and that means there’s less of a reason for me to attend.

I’ve hosted/organized several domain “meet ups” in New York City over the last three years, and I’ve never had to charge people to attend. Most of the events were cash bar, although a couple of them were dinner events where people ordered as they wished and paid for their own food/drinks. There were also two sponsors like Domain Capital and WhyPark for two of the events (they paid for appetizers and drinks at a couple events). The events had anywhere between 15 and 50 people in attendance. The largest event was held in a private room at a bar with a cash bar and no cover or sponsors.

For the most part, even some of the cooler lounges and restaurants will give you free space if you guarantee enough of an attendance and bar/food tab, especially if it’s not during the holiday season or Thursday – Saturday evenings. There are plenty of less cool/trendy places that would be very happy to host a cash bar event at no cost.

DomainFest NYC is being held on a Tuesday evening in the summer, and if Oversee thinks over 50 people will show up, I would imagine they could assure the restaurant/bar that the tab would reach an agreed upon number, and I would hope the company could cover anything under that as a marketing or customer relationship event. Maybe it won’t be sit down dinner style, but I’ve always found it hard to talk to a large group while having a sit down dinner, and it’s also tough to balance a drink, a full plate, and manage a conversation.

I get that Oversee probably doesn’t want to have an open event that’s free because everyone and their mom will show up looking for freebies. I also get that Oversee doesn’t want to have to ask people to pay for their dinner at the end of a meal.  However, I am personally opposed to paying $150 to hang out with a NYC crowd. I’d rather organize a private dinner with 15 people in the area at a great restaurant, and I guarantee the cost with drinks would be less than $150 per person.

With all respect to my friends at Oversee who I enjoy hanging out with, it seems like the company wants us to pay them to travel to NYC to hang out and build customer relationships, and that doesn’t seem right to me.

Domain Convergence Conference in Montreal

Domain ConvergenceThe Domain Convergence conference will be happening once again in Montreal, Canada in a week and a half. The two day conference will take place at La Place D’Arms Hotel and Suites from May 12-13. Domain Convergence was found by, and is organized by Frank Michlick, who is also a co-founder of Domain Name News.

According to the conference website, “Domain Convergence is an exclusive gathering of domain name owners, developers, investors and entrepreneurs. Engineered for intimate attendance and maximum interaction between attendees, Domain Convergence is a hands-on, all-inclusive two-day intellectual extravaganza. Free from the hectic pace of most conferences, Domain Convergence is an opportunity for domainers from all over the world to share their experiences and new innovations in domaining and Internet Technology. Attendees will learn how to become better domainers by utilizing non-traditional methods and gaining new perspectives.”

If you want to attend the conference, registration is still available. Tickets are C $599.00 per person, and there are about 60 spaces that can be filled. You can also check out the agenda before booking your trip.

My wife is graduating from graduate school that weekend (5 year doctoral program in Clinical Psychology), so I won’t be able to make it up to Montreal for this conference.

Aftermarket.com On The Ball

Aftermarket.comOne thing I find frustrating after live domain auctions is the time it can take to get updates from the auction house on payments and/or domain transfers.

It’s not unusual to see transactions reported in DNJournal 2, 3, and 4 months after the auction closed. I know it’s not always the fault of the auction house, but it can be annoying. especially on large sales when cashflow is important.

This does not appear to be the case with Aftermarket.com, the company that just concluded its Domain Rountable conference auction, grossing roughly $200,000.

In the DRT live auction, my company sold HorseStable.com and HorseCorrals.com. Although I didn’t get as much as I hoped, the pair of domain names did sell. I was hoping for $4,000+ but I realize these are not necessarily names for domain investors, so likely my bad for not finding end user buyers.

Within a day after the conclusion of the auction, I had an email from Aftermarket.com.  The email had all the information I needed to push my domain name to the Aftermarket.com escrow account at Moniker, and it also informed me that a transfer had been initiated at Network Solutions for the other domain name. In under 12 hours, Aftermarket.com took possession of the two domain names.

The Aftermarket.com auction was captained by Omar Kubba, brother of Ammar Kubba, whose company operates Aftermarket.com. If it wasn’t for Omar’s unsolicited email a few weeks ago, I probably wouldn’t have even submitted these two names for the auction. From the opinion of an outsider, Omar has managed the auction quite well, and I want to him praise for his efforts.

Assuming the buyer makes a timely payment, the auction should be squared away very quickly.

I don’t generally auction my names because of the significant exclusivity periods and long waiting time between auction and payment, but Aftermarket.com’s auction (from an operation point of view) has been one of the best run in quite some time.

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