Quote:
Originally Posted by betabomb
Yeah. I heard domains did well. It was a kind of a nice test for the whole industry to see that domains held or grew. I think there were also a LOT of transactions, which of course has been good for brokers, too.
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Well don't get me wrong - when the economy tanked, domains surprisingly tanked just as badly. I figured there'd be a slight hit but I guess when people don't have as much money to spend, they don't want to fork out hundreds or more for a quality name vs. register what's available. It HAS seemed like domains started to recover before a lot of industries though, because strong domains are still vital to online business presence (or at least the most cost-effective expense to establish a strong online business presence), and amazingly enough, top sales seem to be close if not fully back to what they were pre-crash. One wonders where domains would be at if there wasn't such a problem with horrible ethics and basically lying and stealing amongst the larger domain companies *coughSNAPNAMEScough*. It's hard to be taken seriously when a bunch of "bros" run the industry.
I think it boils down to the fact that it's hard to make a bad purchase of a good domain. People launch shit at camgirls for spending what he did on that domain and doing nothing since, and I personally think he overpaid for it, but at worst he'll still have the domain and it will be gaining value over time better than most stocks or other investments and definitely better than if it was still sitting in a bank.