Newsweek Magazine Article on the Domain Market Boom Just Released

[Duke]

The highly anticipated Newsweek article on the domain market was released this morning:

http://msnbc.msn.com/id/7807297/site/newsweek/

 

[GeorgeK]

Look's like it's a "web exclusive" (which means not in the paper version of the magazine).

Lots of factual errors in the story. e.g. TRAFFIC 2004 was not the first domain conference. See:

http://web.archive.org/web/20021017070615/http://domainnameconference.com/index.html

Unless the journalist meant it was the first one that was held in Delray Beach. (bah)

Ostrofsky's statement that he lost millions in the dot-com crash is consistent with "funny money" story of how business.com was really sold:

http://www.internetnews.com/xSP/article.php/3431801

But, some interesting tidbits amidst the sloppy fact checking.

 

[actnow]

Nice article. But, I don't need anymore competition in acquiring names.

Could you ask Kathyrn Williams to retrack that article?

I need a little bit more time. :-D

I thought Schwartz paid $ 42,000 for men.com in 1997?

 

[Dr. Domaining]

I enjoyed the article. Thank you for posting it!

 

[mark]

Look's like it's a "web exclusive" (which means not in the paper version of the magazine).

Lots of factual errors in the story. e.g. TRAFFIC 2004 was not the first domain conference. See:

-------------------------------------------------
i am not 100% positive but i believe the first domain conference was actually in California in the late nineties as sponsored by great domains if memory serves me correctly....acknowledging that sometimes it doesn't :-D

 

[GeorgeK]

You're probably right, Mark. Definitely TRAFFIC 2004 wasn't first, despite the numerous times it has been said by a certain group. Just repeating it over and over again doesn't make it true. (bah)

Hopefully Newsweek, a reputable publication, will correct themselves one day.

 

[Edwin]

Incredibly sloppy article gramatically [aside from any potential fact checking errors], but anything that raises the profile of the industry can't be bad!

The owner of DrumSets.com must be having a good time right about now!

 

[Nova]

Interesting post. "'rebirth' of the domain market"? My feeling exactly. http://www.dnforum.com/showthread.php?t=93447

 

[Theo]

I hope the traffic to DNJournal.com doubles. Still, the article seemed focused on the Pope domain as an example of recent entrepreneurial activity. I stopped reading Newsweek in the mid-90s.

 

[mole]

This article is very dated, it does not mention anything about the new gTLDs .INFO and .BIZ. Nor the fact that the United States and 2 of Asia's biggest economy China and India, have taken a step forward and created their own second level country domains. Nor does it even mention that the European Union of over 20 nations will have its own .EU domain later this year.

Some may allude that its because these extensions are WORTHLESS. I think the writer just has his head stuck in the hole like a grey feathered fud ostrich.

 

[Theo]

It's called "lack of research".

 

[actnow]

OK. Remember who the audience is. 99% of the readers do not care about the
nitty gritty of the domain industry.

It is a foundational, informative article (even though superficial) about the domain industry.

Newsweek is not Harvard Business Review. Because, we live and breathe this industry,
we would rather read an analysis done by HBR. But, you will have to wait two or
three years until our resident professor writes it.

I'm not happy that they started with the "ugly under belly" of our industry. But, that
is what gets the casual reader to read on.

The way I look at it - Any publicity is good publicity.

 

[Duke]

This article is very dated, it does not mention anything about the new gTLDs .INFO and .BIZ.

Time to get a new pair of glasses Mole.

Quote from the article (page 2):

"With new extensions, like the .biz and .info suffixes added in 2001, and registration fees down to around $8, the marketplace is expanding."

 

[gogeorge]

You are right about the audience. I have to explain to people all the time what the domain world is all about. Many people find it difficult to comprehend that all this happens i.e. buying and selling names and having discussions about them.

Even some of the top "internet marketers" think the domain name sector is a relic from the 90's.

OK. Remember who the audience is. 99% of the readers do not care about the
nitty gritty of the domain industry.

It is a foundational, informative article (even though superficial) about the domain industry.

Newsweek is not Harvard Business Review. Because, we live and breathe this industry,
we would rather read an analysis done by HBR. But, you will have to wait two or
three years until our resident professor writes it.

I'm not happy that they started with the "ugly under belly" of our industry. But, that
is what gets the casual reader to read on.

The way I look at it - Any publicity is good publicity.

 

[mark]

and it's amazing to me how many times the average person not familiar with the domain industry will initially use the word cybersquatter to try and understand what the business is about. we still have a long way to go to re-educate the general public imo.

 

[DomeBase]

and it's amazing to me how many times the average person not familiar with the domain industry will initially use the word cybersquatter to try and understand what the business is about.

you'll probably get a laugh out of a piece coming out in DNJournal tomorrow :-D

 

[strongvis]

Even some of the top "internet marketers" think the domain name sector is a relic from the 90's.

Let them as you walk away quietly to the bank.

 

[Duke]

you'll probably get a laugh out of a piece coming out in DNJournal tomorrow :-D

That would be here: http://www.dnjournal.com/deardomey.htm

 

[mark]

That would be here: http://www.dnjournal.com/deardomey.htm

-------------------------------

lol--- thanks dome base and dnjournal !

 

[actnow]

you'll probably get a laugh out of a piece coming out in DNJournal tomorrow :-D

DomeBase,

Thank you for publishing that confidential phone conversation. :-D

I feel like I have that conversation every day.

Plus, I heard that John's neighbor next door on the lake wants to buy the
lot so you won't build a house on it. And, ruin his view.

However, he only offered John $10,000 because "he" knows that is all that it is worth. And, he really doesn't need it. :huh: