- Joined
- Aug 23, 2004
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I thought I had a good understanding of the value being placed on LLL.com's or really any variation of letters and numbers. However, a discussion with a colleague of mine, who is not operating full time in the domain industry, made a good point to me when we were discussing the "true" value of three character domain names.
It started with a question from him; "Why has the price on three character domain names risen so much?"
I went on to explain all three character domain names have been registered and shorter domain names tend to be more attractive to domain name holders. This is a generalized exlanation.
His retort: "I still dont get it. I can understand a three character domain like yes.com, wax.com, sex.com, and any other possible combination that actually mean something being worth a good amount of dough. What I dont get are the asking prices of domains like; vxq.com, zjr.com, and other names which would be difficult to even use as an acronym. It appears to me domain name investors are inflating the price on domains which in reality have no long term monetary value. And they are doing this using the model of "it's next to impossible to get your hands on a three character domain name anymore, and the fact the domain name is short." It appears to me domain investors of random three character domain names (to include LLL) should unload them as quickly as possible because the market is being driven by the domain investors, not by a legitimate market/consumer(s) outside the domain industry. In my opinion this is an example of the proverbial bubble, and it will pop."
Any thoughts? I personally do not own any three character domain names. I would like to know what people here think about the theory.
Regards,
Stuart.
It started with a question from him; "Why has the price on three character domain names risen so much?"
I went on to explain all three character domain names have been registered and shorter domain names tend to be more attractive to domain name holders. This is a generalized exlanation.
His retort: "I still dont get it. I can understand a three character domain like yes.com, wax.com, sex.com, and any other possible combination that actually mean something being worth a good amount of dough. What I dont get are the asking prices of domains like; vxq.com, zjr.com, and other names which would be difficult to even use as an acronym. It appears to me domain name investors are inflating the price on domains which in reality have no long term monetary value. And they are doing this using the model of "it's next to impossible to get your hands on a three character domain name anymore, and the fact the domain name is short." It appears to me domain investors of random three character domain names (to include LLL) should unload them as quickly as possible because the market is being driven by the domain investors, not by a legitimate market/consumer(s) outside the domain industry. In my opinion this is an example of the proverbial bubble, and it will pop."
Any thoughts? I personally do not own any three character domain names. I would like to know what people here think about the theory.
Regards,
Stuart.