New gTLD

I’ve known Phil Harris for many years. He was one of the first people I know who invested heavily in the new gTLD domain names. Phil still owns a portfolio of about 2,000 one word and one letter domain names in these alternative extensions, and he told me he is approaching seven figures in sales over the years.

According to a tweet from Identity Digital (formerly Donuts), the Bet.bet domain name reportedly sold for $600,000. I have not verified or researched the veracity of the sale report, but it was indexed in NameBio today.

I currently own fewer than 30 .XYZ domain names. I acquired most of them via Afternic, Dan, or in auctions on Namecheap. With the exception of Embrace.xyz, I am pretty sure I paid less than $500/each for the domain names I bought.

One important aspect to my acquisition strategy was to acquire domain names that did not have a premium renewal fee. Not only do I not want to pay hundreds of dollars a year (or more) to renew a domain name, I did not want to have to explain the premium renewal fee to prospective buyers. I’ve always felt this was a deterrent.