If you are exploring ways to get to New York City for TRAFFIC in September and you live in the northeast, I would recommend taking Bolt Bus, which is owned and operated by Greyhound. I just returned from a trip to Lowell, Massachusetts via Boston and took Bolt Bus to get their. Not only is the price just about the same as a trip on a Chinatown bus line, but they offer free WiFi to stay connected while on the road. Yes, I have a Blackberry to check email, but I was able to do other things wirelessly while on my way up north.
Bolt Bus has stops in Philadelphia, Boston, Washington DC and New York City. Although they don’t operate out of New York’s Port Authority yet, it is still easy to find the bus. Once in New York, you can quickly grab a cab or jump on the train to get to the hotel in Brooklyn. If you want/need to stay connected while traveling to/from New York, I highly recommend taking Bolt Bus.
Creating Stickiness – Bringing Visitors Back & Making Money
The goal of most websites (and businesses) is to generate “stickiness,” which is basically attracting visitors and keeping them coming back to the website or business for more of what is being offered. There are various ways a company or website can create stickiness, such as providing updated news and information (which can be time consuming and expensive) or having the visitors create their own content to bring them back.
Yesterday, I launched a forum on TropicalBirds.com in an effort to create stickiness. I have been very happy with the growth of the site so far, but I want to give visitors a reason to return. I continue to add new content and videos to the site (no need for .TV – joking – take it easy), and traffic is rising as it gains traction in Google. Although the site hasn’t gained much traction in Yahoo yet, I am optimistic that it will come in time.
I added links to the forum on the sidebar of every page in TropicalBirds.com, and I also added calls to action throughout the site. Since tropical bird watching is a fairly popular hobby, I believe people will be interested in discussing everything related to tropical birds in the forum. Hopefully this will create stickiness, which should help the site grow.
The challenge will be turning the eyeballs into dollars. Based on my minimal experience so far, I believe there are plenty of advertisers in this space who will be interested in capturing the attention of tropical bird enthusiasts who visit the site, and I will be able to accommodate their advertising needs when the time comes. As I mentioned before, when I reached out to bird breeders about free listings on the site, I had one breeder who requested a featured listing on the site, and now she is the featured breeder in six categories.
While generating advertising revenue isn’t as easy as that was, I believe advertisers will want to put their products in front of interested eyeballs. I am spending the time and money to build a place for likeminded people to discuss tropical birds, and I wanted to share this strategy with those of you who are in the midst of development. As always, if you have any questions, I am happy to help if I can.
What's Your "End Game?"
I think that every domain investor (and people in other businesses) should have an “end game,” or at least be working on establishing an end game as their business develops. What are your ultimate goals for your domain business? I think it’s very important for people to set goals – both business goals and personal goals. Everything that you do should be related to achieve your end game in some way. Whether it is an acquistion, developed website, or a sale, everything should be done to bring you closer to achieving your end game.
Part of my personal end game was outlined in a post I made a few months ago. Essentially, I want to have 2 fully developed geographic domain names that are generating advertising revenues. I also want to have 2 product/service related websites that are generating revenue from advertising or inventory sales. Whenever I acquire a domain name, I analyze whether it can become a part of my “perfect portfolio” or whether it will help me to get to the perfect portfolio by selling it for a profit. I am building new mini-sites that can be grown into full websites and continue to acquire new domain names (PrenuptialAgreement.com and LastWillAndTestament.com last week).
While I think I am on my way to achieving my 5 year goal, I also need to think about the end game, which I certainly hope isn’t in five years. What is my end game right now? I really don’t have a clear vision right now, but it is something that has been evolving. I think it’s something to think about as you continue to grow your business.
Property.com Sold by King; Properties.com Retained
As everyone knows by now, Rick Schwartz just sold Property.com in one of the most lucrative domain deals ever. One of the coolest things about this is that Rick still owns Properties.com, which I believe is on par with Property.com. With the buyer’s plans to develop Property.com into a huge real estate marketplace, the value of Properties.com is now much greater than before.
Congratulations to Rick on another market shaking deal. Also, congratulations to Kevin of BigTicketDomains.com for finding the buyer in the deal.
NameMedia to Launch Hybrid Enthusiast Community
Namemedia continues to expand its reach into the enthusiast communities by announcing the impending launch of a new site focused on hybrid cars. According to a blogger wanted posting I read, HybridForums.com will include topics such as “Hybrid Car reviews, How to get the best mileage, Latest Hybrid car news, Latest battery technologies, Hybrid car tax incentives, Hybrid availability in your area.” The company said they expect to launch the site sometime this week.
From my perspective, this is a great move by Namemedia. By adding unique content (cheaply) and by giving enthusiasts information they are searching to find, this will drive traffic to their site. They can offer Adsense advertisements (already on the bottom) as they grow, and once they have a loyal user base, they can sell advertising space directly to companies that want to target this audience. It’s relatively cost-effective to do so, especially with the amount of talent at Namemedia.
I’ve looked through Namemedia’s portfolio of names (available on BuyDomains.com), and there are a ton of quality domain names that would be great for niche communities. In fact, TropicalBirds.com is a domain name I purchased from BuyDomains just over two months ago. My plan is to build a forum on the site in the coming weeks, which will contribute to the site’s growth.
With parking revenues down and a souring economy, now is the time to spend money internally to improve your company’s internal infrastructure. It can be difficult justifying risky outside expenditures at the moment, but you can’t go wrong improving your own assets.
Geo Domain Expo Recap on DNJournal
Ron’s final analysis of the Geo Domain Expo was published today, and as always, it provides some great insight into the show. The show gave me some great ideas, which I am in the process of implementing on Burbank.com. Developing a business on a geo domain isn’t easy, but the show gave me the confidence to invest more money into Burbank.com to make it the best site about Burbank, California. I will be launching a full directory sometime in Q4 2008.



