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On the Road…

Taking care of my taxes with my accountant in New Hampshire today, but I am sure I will post something later on tonight. Driving for 4 hours usually gives me time to think about things, and I am always thinking about business.

BTW, it looks like 1/3 of the Aftermarket.com Domainer Mardi Gras domains already have bids. Most of them are the no/low reserve domain names, but it’s a good start.

I am looking forward to reading updates about Domainer Mardi Gras tomorrow.   New Orleans is one of my favorite cities in the US, and it’s the place where I had my bachelor party, one of the best long weekends I’ve ever had.

Will Twitter Buy Tweeter?

When I was hanging out in Bido’s live chat room yesterday, someone mentioned the idea about Twitter   buying Tweeter.com, the domain name of the bankrupt electronics chain, Tweeter. I haven’t heard about an auction for the domain name, but I would imagine it will eventually be sold, and most likely via auction. There are a number of Tweeter-type references related to Twitter, including “tweets,” or the posts made by users, and “tweeters,” nickname of Twitter users.   There is also a “tweet deck” and other Tweet-related Twitter references that continue to be created.

That said, I find it unlikely that the still unprofitable company would buy Tweeter.com, although they did just receive an additional capital injection of $35 million. In my opinion, Tweeter.com will likely sell for somewhere in the mid six figure range, based on the valuable electronics shoppers who type it in or find it via back link. I don’t think that there are many people navigating to Tweeter.com in error thinking it’s Twitter.   A company like Flickr has more of a need for Flicker.com than Twitter has for Tweeter 🙂 .

It’s a valuable domain name for someone, but in my opinion, I don’t think Twitter will allocate the funds for it.

Discussing My Blog

Someone posted a comment on my blog yesterday that I want to highlight and briefly discuss:

I enjoy your blog, but it’s starting to seem like it’s just becoming an ad – either for selling/promoting your own domains, or ticketstub or ‘guest speakers’ hyping some of their own extentions or some affiliate tax book or whatever.

It seems like your in a temporary finance crunch, but I’d hate to see the “Elliot” brand, revered for honesty/openess and everyday-domainer insight, get watered down and ultimately lose it’s strengths.

Sorry to be so blunt, but that’s what I’m seeing. Your brand name is very powerful and I’d like to see you expand it into your own line of Elliot-branded books, registrars, site templates, auction service, etc. and not waste it on shameless self-promotion…”

I want to thank the person for posting this, first and foremost. After an initial peeved reaction that i didn’t share, I actually appreciate the comments because clearly the person reads the blog and likes it enough to express his opinion and share his feelings. It’s kinda cool to know that people actually read what I write and I hope it’s helpful – either to do things as I am trying, to adapt some things I am doing, or even to do just the opposite because it’s an illustration of why it won’t work.

Anyhow, to address the issue at hand. My blog is just that – a blog. It’s an outlet for me to discuss what I am doing, what I am seeing, and basically anything and everything in between. Although most of my posts are formal, there are plenty that are casual, and that won’t stop.   I am not usually a news outlet unless someone specifically sends me a breaking news story as my friend did with his recent UDRP victory. I let Ron, Andrew, Adam, and Mike report the industry news because they are doing a better job with it than I ever could.

When I use a product I like, I want to share my experience and tell others about it so they can use it, too.   When I filed taxes for the first time after being involved in the industry, it was confusing.   The domain tax guide was beneficial to me, and I am happy to promote it.     There are other products and services I like and use, and I discuss them here because this should be a place to discuss domain and Internet related things.   I don’t sell advertisers space for me to write a review, although I will write reviews for products or services that I use. If there’s an affiliate link, why not generate a few dollars while promoting something I use?

Regarding my post about the TicketStub iphone application, the founder of TicketStub.com is a friend of mine, and I was congratulating him on a product launch.   There was no affiliate link, and he didn’t ask me to post anything.   When a friend accomplishes something positive, I want to congratulate his or her efforts.   In this environment, it can be crippling to make advancements and grow a business, and when a friend does, I like giving a public pat on the back.   I know that a lot of people like to read the juicy stuff about cheating, stealing, lying, and other crap that sells newspapers, but you generally won’t find that here.   It’s not my personality to bash, so I won’t do it unless I see something particularly offensive.

Since starting my blog, I have always listed my own domain names for sale.   I would be an idiot if I didn’t post domain names I am selling to a very large audience of domain investors.   I have sold a number of domain names via my blog (from $xx – $xx,xxx), so I am not going to stop that.   If there’s a blog post you don’t want to read or don’t like, please skip it and come back.   I can’t write things that will be relevant to everyone every time, so if there’s something you don’t like, check out Domaining.com or NameBee.com to find another interesting article from someone else for the time being, and come back a few hours later.

I am very fortunate to be in a strong financial position.   Although my sales are down (which is where I generate 99% of my revenue), I don’t have a lot of overhead nor do I have tens of thousands of dollars in domain assets that I am looking to sell and are just sitting their instead of having cash in the bank. Business is down here as it is just about everywhere, but I know a lot of people who aren’t as fortunate as I am, so I will not complain for a second, and I will leave it at that.

As I’ve said before, writing and researching blog posts takes a considerable amount of time for me, but I love doing it.   If I didn’t have a passion for this, it would be impossible to do, but to me, this is more than just content to get page views.   I don’t make much money from blogging, but I am not wealthy enough to say no to advertising. If there’s an opportunity to promote a product I like and make a few dollars to do it, I will take it – at least it will pay for an extra bottle of Veuve Clicquot to share with my wife who doesn’t really like how much time I spend on my blog while not making money (although I am working on that after a great tip from my friend AH at DomainFest!).

Anyway, it’s back to writing my daily content on Burbank.com and Lowell.com.   I hope my affiliate link things aren’t offputting to anyone.   If they are, I will be happy to give you a full refund for your subscription to my blog. 🙂

I hope that if anyone has issues with my blog they will address them with me in a comment or an email   I am pretty accessible.

PS: There will be no Elliot-branded merchandise or products coming out in the near future.

How Wikipedia Makes Money

Did you ever ask yourself, “how does Wikipedia make money?”

Here’s an interesting video I found featuring Jimmy Wales, founder of Wikipedia, who discusses how Wikipedia generates revenue without implementing a traditional advertising model. Thought you might enjoy learning more about how the company makes money, especially in tough times.

How I am Using the Castello Brothers Tips

As I’ve said numerous times, David & Michael Castello are two of my mentors (whether they know it or not!), and I have received great   advice from them as I have developed my geo websites – at conferences, over the phone, via email, at dinner, and over cigars and ice wine at The Breakers…etc.

Every time I am with David and/or Michael, I learn something new, and I try to adapt their advice into what I am doing, usually with Burbank.com and Lowell.com. I’d like to share how I have used some of the tips and strategies the Castello Brothers were kind enough to share on my blog on Tuesday with my two geodomains.   If you have questions, please ask because I am happy to share.   Much of their tips and what I have done can be adopted and used for non-geodomains.

(I recommend opening another tab or window to follow along – I didn’t want to paraphrase or re-post from Tuesday – sorry.)

1) I enjoy traveling and I enjoy history, so geo domains were what I wanted.     I grew up 30 minutes north of Lowell, and the city has a rich history.   Burbank was more of a lucky buy (right time/right offer) and I love southern California.

2) Easy, although expensive.   With all of the time and effort I put into building Burbank.com and Lowell.com, I wasn’t going to do this on anything but the authoritative domain name.   Sure, I could have done it on .net or .org, but it would have only increased the value of the .com down the road.   Also, it would have been more difficult to introduce myself as the owner of the .net or .org because consumers seem them as being less valuable and secondary.

3) When I set out, I decided I wanted to be more than just an info hub.   I wanted my sites to become the place for people to get city information.   That meant building many more pages, adding more features (such as reservation capabilities and a calendar), and building a business directory.   Essentially, I built these sites for people who need any type of info about these cities.   If I don’t have it or can’t provide the info, I have phone numbers, email addresses, and websites of organizations or people who can provide the info.   I also was picky about the design, navigation, and look/feel.   I wanted these sites to be THE brands for the area.

4) I probably write 2-3 pages per day and add several event listings.   I signed up for nearly all local organizations’ newsletters, I get Google alerts for a variety of terms and keywords, and when I get new information, I post it. I also contacted UMass Lowell, and they send me the same sports articles they send to every major newspaper, so the site stays fresh and updated.   New and important posts are added to the home page under “News” and I update the sitemap every day.   This is good for search engine placement, good for visitors, and it drives traffic.

5) I have the advantage of owning the authority domain name, so people already trust what is posted.   Based on keyword searches and other research, I have information about just about everything people want to find in each of these cities.   I also continue to update the pages with relevant news articles.   For example, the Lowell Spinners announced a Fantasy Kids’ Camp, and you can see how I integrated it on the Lowell Spinners page.   Another neat thing I just began to do is interview well known people in the city of Lowell. I will continue to do this, and I plan to add this feature to Burbank.com very soon.   This will help drive traffic to the site and hopefully lead to link backs on the organizations’ press websites.

6) I had Adsense up when I first started out with Lowell.com.   I thought, “shoot, I might as well make a few $$ a day.”   DUMB DUMB DUMB!!   Not only is it asking people to leave my site, but they won’t even remember they visited it!   I would rather be a source of information, and as I grow, I will be able to increase the technology to provide better services for visitors.   I use WC Travel for the hotels in Burbank, so visitors can easily make a reservation, and it looks like my site.   Everything from the site design to the confirmation email to the credit card bill says “Burbank.com.”   Ideally, I will have the capability to make reservations without an affiliate, coupons for local businesses, and other things to build brand strength and make it more sticky.

I also don’t think Adsense really looks good, although I use it on other less developed sites.   Adsense is a very short term and short sighted option.   For websites with longterm potential, I think it’s best to forgo Adsense.

7) I have an events calendar, and I LOVE when I receive event submissions from local organizations and people.   It’s a bit of a pain to keep it updated, but I know it’s used A LOT.   This is a reason people visit the sites, and even if it’s the only reason they come back, I am okay with that.   I don’t have a forum because if people don’t post, it could look stale, and I don’t want to moderate a forum and deal with disputes.   I also built my own feeds and added them to my RSS reader (iGoogle) so Google adds my articles more rapidly.

8.) This is my most difficult obstacle.   I get a considerable amount of submissions from people who want complimentary listings, but it’s tough for me to sell via email or over the phone.   I will say that having THE BRAND makes it much easier, and it is easier to get in touch with decision makers when I call and say it’s Burbank.com or Lowell.com.   David Castello is one of the most charasmatic people in our industry.   David is the master.

9) BIG problem for me.   I live in Manhattan.   Burbank is a 6 hour flight and Lowell is a 3.5 hour drive.   I just had a media kit put together, and as soon as I can, I will be spending several days in Lowell going door to door.   Burbank is next in April. I wish I could hire David for this… or his team 🙂

10) I spend 5+ hours a day writing content, researching articles, and finding news stories for Burbank.com and Lowell.com.   You have to be passionate about your project.   I probably like Burbank and Lowell as much or more than most people who live there.   I feel like I am the number one fan, and I am the biggest promoter.   I am like the Chamber of Commerce.   I speak with the local organizations, I happily promote their events, I am the “happy news.”

The local news has to report the violence, crime, and crappy stuff that happens.   I don’t.   I can talk about the good stuff.

TicketStub.com Launches iPhone Application

TicketStub.com, a privately held company founded and operated by Internet entrepreneur Ira Zoot, has made it simple to view information about concerts, sporting events, and shows using your iPhone. You can even place orders for your tickets easily from your iPhone.

Check out their new app at http://tinyurl.com/ticketstub

Congrats to Ira and the team at TicketStub.com!

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