With the new gTLD’s making their debut, there are many people divided when they think about what will happen to the .com’s that have always been around. There are basically two general points of view, while there are specific differences of thought, these are what I have come to perceive from the domaining community.
View 1: New gTLD’s will take over. It is simple, with the many different uses and applications the new extensions will have, they will make the value of regular .com’s plummet to the same level of the gTLD’s (obviously after the prices drop to normal).
View 2: .Com’s will continue to be strong. There are some that believe that the .com will drop in price, but will go back up after the initial hype of the new gTLD’s dies down. The .com’s have always been viewed as a better extension, than say .net or .info, but that is only due to people’s perception. By adding more extensions, this could cause the .com to become more rare, making it more valuable based on people’s perceptions, although it can also be a double-edged sword.
As for me, the new gTLD’s simply bring about a change that could offer much more to end-users, as well as to domainers. Allowing them to be more specific in the domain search. There is a certain disadvantage at the start though, as the price for these domains is so high at the start, that only the big companies and wealthy will be able to get the best picks. Either way, we will have to wait until the new gTLD hype is over to start truly seeing how the .com is affected.
Apparently, the giant in domains eNom has given its users, and anyone else interested in the new gTLD’s a calendar with the release dates and times for the different extensions. This is a great tool for us domain resellers, as it allows us to stay up to date with when the new extensions will be released.
You can check out the calendar through the eNom website: http://www.enom.com/news/674/new-tld-launch-calendar-now-available.html. Or, you can simply copy+paste the following URL into your browser (if you are using a PC):
There have already been a few domain extensions released like, .DANCE, .CONSTRUCTION, .DIAMONS, .CEO, and .AGENCY. Stay up to date with the eNom calendar, but remember that these gTLD releases are the ones that eNom supports, so you may not see all of the new gTLD’d available. Be sure to check out other sites like ICANN or other domain sites.
Some time back, the announcement that new gTLD’s would be coming out hit hard, especially among domain brokers. This was an opportunity to expand the internet as we know it, by allowing websites and domains to be more specific. For instance, we can have the name of a music group followed by the .MUSIC, or have the name of shopping store followed by the .STORE. This has enabled such an extensive network of new gTLD’s that will make it much easier for companies and people to find a niche and use the extension that applies to it.
This is good news as a domain developer; however, as a domain broker this could make business harder. With the previous gTLD’s like .com, .net, .org, etc. we saw that it was tough to gauge out what the end-users wanted. With the amount of gTLD’s exploding, where there are already over 1,300 different ones, and more are being added as we speak. As domain brokers, it is risky to try and predict the future with these new gTLD’s, as there isn’t an assurance that they will get to be as strong or popular as the .com or .net, and flop like the .mobi did.
To get a preview of some of the new gTLD’s extensions that are currently available you can take a look at them here: http://www.instra.com/en/new-gtlds/categories.
The future is uncertain with these new extensions; however, it could open up a much larger market for everyone, not just the domain brokers. The price for early access to some of these new domain extensions are incredibly high, reaching averages of $10,000 – $13,000 for each. While after about a week, the price of registering under these new extensions will lower to the regular price. So, if you are thinking of trying to register the amazing, once-in-a-lifetime domain names, you may need to either pony up the cash for early access, or hope that no one else registers the name before you get a chance to.
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