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.