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Domain Assets Strong Despite Economy

Elliot Silver
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I don’t need to share any recent sales data to show that the economy is impacting domain values.   I think the bottom line is that good domain names still sell for high prices, and average to below-average domain names are difficult to sell these days.

One thing is certain though.   No matter how difficult the economy is, nor what happens to currency valuations and/or fluctuations, domain name assets are stronger than many other assets, and they are very similar to land and precious metals, all of which are limited and have intrinsic value.

Regardless of what happens with the economy, precious metals such as gold, silver and platinum will still have value. They can be used as bartering tools (if necessary) and they can be used just about anywhere in the world.   Likewise, the best real estate is the world will still remain valuable.   You won’t be able to make a ridiculously low offer for a piece of land on the water in Palm Beach any time soon or ever because there will always be someone there with a better offer – be it cash or cash equivalents.

Domain names can’t be lost (unless you forget to renew them), they are difficult to steal if you are careful, and good ones are valuable just about anywhere in the world you go.   The Internet is one thing that binds just about the entire world, and it isn’t going anywhere.

Sure, people may be struggling to survive financially and things may appear to be getting worse, but as far as I can see, the impact is somewhat isolated.   I think some people need to spend less time watching the news and more time focusing on how to improve their own economic conditions.  

Fear is as dangerous as what is feared.

Apple Unveils Upgraded “Recession Macs”

Elliot Silver
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Choosing to buy a Mac instead of another PC was a difficult decision.   However, it was a decision I am thankful to have made because I love my Macbook.   In fact, I am working on MacBook #3 at the moment.   I am also thinking about buying a new MacBook because the one I have has been running a bit slow due to the additional software I’ve added on over the last year and a half.

Today, Apple updated and upgraded their consumer lineup of computers, including laptops and desktops. The price of a new MacBook Pro (using the Intel’s “Nehalem” Xeon processors) was dropped from $2,799 to $2,400 – a little over 10% off.   In addition, Apple also updated its iMac and Mac mini desktops.

If you are looking to update or upgrade, now might be a good time to buy a “Recession Mac.”

Top Notch Domains, LLC Announces Domain Consulting Service

Elliot Silver
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Successful Internet entrepreneur and domain industry veteran Elliot Silver has announced that his company, Top Notch Domains, LLC will offer domain consulting services for corporations and individual domain investors.   Elliot Silver has bought and sold more than one million dollars in domain assets, and his two companies own and operate several industry defining domain names and websites.   The company will offer the following consultation services which can be billed on an hourly or project basis:

  • Domain Portfolio Analysis
  • Domain Valuation
  • Domain Acquisition Strategy
  • Domain Sales Strategy
  • Domain Purchase or Sale Negotiation

“I have had considerable success as a domain investor, and I am happy to share what I’ve learned over the past few years.   Investing in the right strategic domain names can drive significant revenue,” said Silver.   “Likewise, paring down a large portfolio can also save a company money for other acquisitions or for development.”

To inquire about your domain consulting needs, please contact Elliot Silver.

Virtual Data Back Up from Mozy

Elliot Silver
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A couple weeks ago, I blogged about how important it is to back up your data, and I recommended using a flash drive for your data back ups, which is what I did.   A few people commented and others emailed me about this topic, and a few of those notes suggested that an online data backup should be used because a flash drive or other device would be harmed in a fire, stolen, or lost.   I did some research, and I found a company called Mozy, which is an online data back up system to help protect your data.

The way it works is that you sign up for an account and download their software. Upon opening up the software, you check off the boxes next to the files you want to back up, and it backs up your data using 128-bit SSL encryption and protects it with 448-bit Blowfish encryption. I am not a technical person, but the company says that the encryption is the same that banks use to encrypt data, so I assume it’s safe.

One of the nice features of Mozy is that you can set it to back up your data at specific times, and it will automatically back up your data for you. Mozy can be used by both Mac or PC users, which is nice for me because I have a Macbook.   Additionally, if you want to transfer files to another computer, it’s easy to do with Mozy.

The price is also a good selling point –   just $4.95 a month for unlimited data, and there is also a free account for limited data transfer. I think this is a valuable service for anyone, but especially for people who have business ventures online and need to make sure their data is safe and secure.

I believe Mozy has a valuable service, which is why I am happy to blog about it.

Associated Cities’ GeoDomain Expo Tickets on Sale

Elliot Silver
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Tickets for Associated Cities’ 2009 GeoDomain Expo, scheduled for April 23-25 in San Diego, California, are now on sale, and the early bird registration fee through March 15 is just $595/person.Registration after March 15 is $695, and registration on site is $995.

I believe this is the best conference for people who own geographic domain names and/or geographic websites.   Last year’s conference was held in Chicago, and I found it to be a great learning experience.   Most of the successful geodomain owners are engaging individuals who seem happy to share advice and tips with others.

There is much more networking and sharing of information than other conferences, and the price of attendance is less than just about all other domain conferences.   If you own a geodomain, this is a conference you should attend.

In Web Development, There is One Certainty…

Elliot Silver
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No matter how big or small your website is, and no matter what domain name you decide to develop, there is one certainty… Google will play a major role in the success of your website.   Google’s algorithms are constantly adjusted slightly (or not so slightly) in Google’s effort to provide visitors with the most accurate and meaningful search results. As a result of their adjustments, web developers must adapt in order to keep their sites ranking well.

As Aaron Wall blogged about on Wednesday, Google made another adjustment, which seems to favor established brands in search results.   Aaron is a well know SEO expert, and I use some of his tools for research purposes – both in development and even in domain acquisition strategy.   He offers some interesting observations about Google’s latest adjustment and how it has impacted brands online.

Likewise, Mannix Marketing also offered some good information about Google’s adjustment as well as a history of past changes and the impact that it had on websites.   Mannix Marketing are real pros when it comes to web development and SEO, as can be seen by some of their websites, including Albany.com, LakeGeorge.com and Saratoga.com.

I believe that if you build a website with valuable information on a category defining domain name, you become one of the brand leaders by default, and the more you continue to update with good information, the more trusted your site will become.

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