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Originally posted by alaneads
I dont care what the "statistics" are. Anything thats not .com or .net will not be a major domain name. Name 1 website in the top 1000 that is anything besides .com .net .org .gov, or a country extension besides .us?
These new extensions will NEVER have the value of a .com.
When I see people make comments like your last sentence all I can do is laugh at their complete ignorance of business history. NEVER covers quite a lot of time and I have yet to see ANYONE make that prediction about ANYTHING and be proven correct.
I have lived long enough to see dozens and dozens of wildly successful brands established that would NEVER be caught by the competition. Only problem is public perception or market forces changed (as they always do) and they were not only caught by the competition, they were wiped out because their vision, like yours, was limited only to what is going on today.
Though I love .com too, it is nothing more than a powerful brand name. All of the other extensions deliver exactly the same product, a web site that will resolve in a browser to be viewed by people all over the world. The only difference is .com's huge present level of acceptance (something that is subject to change, just as other former giants like AT&T, Polaroid, Lucent and our "beloved" Verisign found out the hard way). I would say .com is even more vulnerable than past near-monopolies because the product area it dominates is exactly the same as the products offered by its competitors. The only element that needs to shift is perception and the game is over.
.Com reached its current status by default. The other two original extensions were tagged for different purposes, non-profits and service providers - so businesses had nowhere else to go but .com. That is not the case anymore and with the pool of .com names completely exhausted, the millions of new businesses being created over the next few years will have no choice but to look at other options.
As those options start being used recognition levels will change. I'm not saying .com is going away anytime soon, only that it will no longer be the ONLY viable option and the only one of any value. Good .info are already seeing solid resale values that have been documented in several threads. .US is just an infant, only 7 months old and more than a year behind .info. In the next year a resale market will start developing there too just like .info, though for both I think it is more realistic to look 5 or more years down the line.
I have always kept my eye 2-5 years ahead of where I am now and it has always served me very well. Today, yes .com has no rivals, tomorrow is almost always a different story and NEVER is a word that will eventually put you in the poor house.