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What Are You Buying These Days?

As I’ve mentioned in the past, I have been buying much less and focusing on developing my websites lately. Instead of spending money externally, I am investing internally, continuing my effort to build a steady alternative revenue stream.

I am still buying great domain names at great prices in order to resell, but my investments are more cautious because I want to make sure I have enough liquid on hand to pay the bills for the next xx months – how ever long xx ends up being. As highly as I value domain names, I would rather have $20,000 sitting in the bank than a domain name I know is worth $20,000 because even those $20,000 names can’t produce $20,000 when you need to liquidate.

I am still primarily buying one and two word category defining .com domain names, because I think there will always be a market for them. Some of my friends aren’t buying anything right now as they wait out the storm, but I have other friends who are buying a variety of different type of domain names – alternative extensions, numerics, ccTLD…etc.

So… my question to you… what types of domain names are you buying these days and what’s your rationale?

Please post the types of names you are buying rather than examples, as most examples will end up in the spam folder.

Names Added to GeoDomain Auction

Usually in the closing days of an auction, a few domain names receive interest and the remaining names go untouched. Domain Consultant hasn’t gone the way of a typical auction, and that is obvious with their announcement today.

Reserve.com was listed in the extended domain auction at No Reserve. In addition, some other great domain names were added, including Massapequa.com (a wealthy town in Long Island), Zodiac.com, and Fargo.net.

If you haven’t checked out the extended auction, you now have a great reason. You should also check out Moniker’s extended auction. I will have some picks from that tomorrow if I have time, as I will be traveling to Detroit for another wedding.

Strong Argument for Ad Sales

A comm0n response to an advertising inquiry I’ve made numerous times for my websites is, “we already do our Internet advertising on Google.” Sure, Google can be a very effective source of leads, but it can also be expensive and might not send the most targeted traffic, depending on the Adwords campaign.

One of the best ways to close an advertising deal on a website or blog is to discuss the direct navigation traffic. It’s important to point out to a potential advertiser that direct navigation traffic can’t be purchased like traditional media buys. Visitors to a particular website that directly navigate, generally do so because they know what they want, and they either know they can get it at a particular website or they assume this. Companies who want to reach out to these visitors need to advertise directly on that website. In my brief experience, I have found this to be a compelling argument, and the same can be made by any domain owner whose domain name receives type-in traffic.

I was thrilled when traffic to TropicalBirds.com grew to over 90% search engine-based. It meant that I was doing something right in terms of SEO, and I was happy that people were visiting because of it. However, an advertiser could easily buy some of   this traffic simply by advertising on Google. However, direct navigation can’t be bought because it completely bypasses Google and Yahoo. IMO, this is a great deal closer.

Why I am Not Following Moniker Auction at TRAFFIC

I wrote a post this morning about why I am not attending TRAFFIC in San Jose. I was planning to watch the Moniker TRAFFIC auction this evening, however.

Unfortunately, it doesn’t look like this will happen. I checked in on WebmasterRadio.FM and the auction wasn’t beaing streamed over the radio. I visited Domaining.com and UStream.tv hoping to find a video feed – no dice.

I did find the page on Snapnames where I can download the software – but I don’t operate on a laptop with Windows, the first requirement of the auction software. I’ve mentioned this before, but it still hasn’t been fixed.

I am not a big auction buyer, and I suppose if I planned to bid I would have gone through other channels. However, it’s disappointing – although it does free up 3 hours I had initially set aside.

Why I am Not at TRAFFIC

One of the most common questions I was asked during the waning hours of the GeoDomain Expo was whether I planned to attend TRAFFIC up the road in Silicon Valley. As you can see from the title of this post, I am not at TRAFFIC, and there are a couple of reasons.

The first and foremost reason was that I went directly to Burbank for some ad sales following the show in San Diego. It was a 3 hour train ride along the Pacific Coast, and it was a great opportunity to catch up on some rest and to think about many of the things I learned at the Geo Expo. I must say, the Expo gave me added confidence in the area of ad sales, and I have 3 pending deals, two of which may be big deals.

The second reason I didn’t attend TRAFFIC this time was the price. Sure, I could have spent the money on my flight to San Jose, hotel rooms, and TRAFFIC ticket, but in this economy, I am cutting costs. It was more pertinent to my growing business to visit Burbank than it was to attend the show. I also plan to attend TRAFFIC in New York, and I look forward to seeing many of the same people who are now at the show.

BTW, don’t forget to tune in to the Moniker auction later on today. Now it’s time for some follow-up emails!

2009 GeoDomain Expo Recap

The financially troubled newspaper industry met at the Newspaper Association of America’s annual conference in San Diego the second week in April, and Associated Cities held its annual GeoDomain Expo in San Diego from April 23-25.   I think the GeoDomain Expo was quite a bit more upbeat! I attended my first GeoDomain Expo last year, and it was one of the most informative domain conferences I had attended, and this one was even better.

Nearly all of the industry leaders and many of their top employees attended the conference, and a large number of them participated on the panels. Most of the panelists provided great tips and advice, rather than self-promoting product advertorials, which I think provided more value to attendees, since these guys are out in the trenches and are happy to share what is working for them. This is probably the hallmark of the GeoDomain Expo.

On the development panel in which I participated, I learned a tactic from Shaun Pilfold (Kelowna.com), which could end up actually paying for the entire show once I integrate it onto my sites. I can’t remember learning something usable like this at other domain conferences, so this really stood out for me. I was also given a couple other valuable pieces of advice about sales from Shaun and his company’s General Manager, Mark Huttram, and I am going to focus on finding people who can execute.

Another panel had participants from data providers and directory development companies. While the directory panel might seem like an advertorial at first glance, it was great because there are so many options that companies are using and it’s helpful to know what’s out there and how they can be used. These are things that developers need to know about and can help new developers build a site quickly.

One of the primary undertones of the conference was that the time has come for entrepreneurial geodomain companies to take advantage of weakness in the newspaper publishing business, in order to take market share and become local market leaders. During one of the lunches, Gordon Borrell of Borrell Associates spoke about the opportunity we now have, and I was inspired by his saying that it is the time for entrepreneurs to make strong financial bets on geodomain names and to trust in the business models because we are likely to succeed. I think this is great advice, and it’s something I am analyzing right now.   I think it’s better to invest in yourself and your business plan, and I have been doing that in the last few months.

In terms of networking, I think the geodomain industry offers great opportunities because everyone is approachable and down to earth. No matter where I was at the Catamaran, it was easy to meet people, and I was able to meet with a number of people who I haven’t met before.

Just a few other notes from the conference:

I want to highlight NewOrleans.com for its fantastic website and brand they are building. Aside from NYC, New Orleans is my favorite city in the US, and it’s great to see what the team is doing with their site.

I am looking forward to participating on the newly elected Associated Cities transitional board. Despite the fear that there could be political overtones at the conference, I didn’t detect any of it at all.

My top 5 choices for next year’s conference are New Orleans, Dallas, West Palm Beach, Philadelphia, and Atlanta.

I am in Burbank for the next couple of days, and it’s time to get some business done!

Thank you to Mark and the great team at SanDiego.com for hosting the conference. It was well executed and the city of San Diego is beautiful. Big thanks also to AC Executive Director Patrick Carelton as well. Despite the short time between confirming that the show would happen and the date of the show, the team pulled it off.

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