Is the Global Economy About To Crash?

Is the Global Economy About To Crash?

I watched the recent debate between presidential hopefuls Hillary Clinton and Donald Trump. Since I live Australia, you may ask why? I wanted to see whether either of the two candidates really seemed to understand the economic knife edge the world is currently balanced upon. Sadly, I was disappointed in what both of them had to say.

Other than a number of sound-bites there was nothing on issues such as China’s burgeoning debt Crisis and the impact this will have on the global economy.

Back on the 11th May 2016 the Financial times reported the Chinese Communist party’s flagship newspaper, the People’s Daily, published a front-page interview with an “authoritative figure” who warned that the country’s soaring debt levels could lead to “systemic financial risks”. This doesn't sound good....

On the 29th August the Australian Financial Review reported that prominent investor, George Soros, as seeing an “Eerie resemblance between conditions in China now and those in the US leading up to the financial crisis in 2008.” Remember, Mr Soros was the man that broke the bank of England in one of his currency trades.

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DomainFest Hong Kong Presentations

DomainFest Hong Kong Presentations

As promised, please find links below to the presentations that I lead attendees at DomainFest Hong Kong through. I hope that you find them valuable and please feel free to ask any questions.

Domain Monetisation 101
This is an introduction to monetising your domains and then focuses on the various metrics used in generating revenue from domain traffic. This also includes what we can influence on a parked page and setting keywords.

Domain Monetisation MasterClass
This dives into the data and first of all defines the benefits of a normalised RPM. From there the presentation takes through the difference between intelligently switching versus rotating traffic. How to run a traffic test is briefly covered and followed up by managing a portfolio for profit.

Domain Monetisation for Registrars and Registries
The first part of the presentation covers the opportunities that registrars have to monetise their traffic with ParkLogic. This is followed by a registry perspective and the unique symbiotic relationship between registries and registrars.

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DomainFest.Asia Wrap Up

DomainFest.Asia Wrap Up

I’m on my way home…..yeah! Yes, DomainFest.Asia is finished and I’m writing this from the Qantas Club at Hong Kong airport. I’ve just finished a call to my ParkLogic business partner updating him on what a great event it was. The next call is to my very patient and wonderful wife who puts up with my travels…..

This is my second time to Asia for DomainFest and once again I’ve found that it has been eminently worthwhile. With each repeat visit I can see the Chinese market beginning to blossom into a land of opportunity as the newly formed relationships grow stronger with each meeting.

In fact, I half joked with one western domain investor that I should go and learn Mandarin! English may be the language of business but it’s clear that Mandarin is definitely the language of future opportunity. It was so frustrating going through an interpreter for a number of my discussions that I lamented the fact that I didn’t know even a little bit of the language. Thank goodness that the majority of the attendees also knew at least some English!

I must admit that one of the mildly annoying things about the conference was the fact that the conference was a thirty-minute bus ride from the hotel where many of the attendees were staying. So each morning and afternoon we had to climb aboard a bus for the journey to and from the conference venue at Cyberport…..I only have one thing to say, thank goodness for Uber!

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DomainFest Hong Kong

DomainFest Hong Kong

After a 48 hour turn around in Melbourne I jumped on a plane and headed to DomainFest in Hong Kong. The short flight of nine and a half hours was a welcome change from the twenty-six to Fort Lauderdale the previous week.

I've never been to Hong Kong (the previous conference was in Macau) and I'm really looking forward to meeting a whole new group of domain investors. After being dropped off at the wrong hotel by the taxi I finally managed to get to the right one and check-in. It wasn't long before I found a number of my friends that had flown in from around the world and we took off in the direction of a bar with a cool drink.

The next day, after the relatively short bus ride I'm now registered and sitting at DomainFest.Asia. I have a number of goals for the conference that relate to ParkLogic and monetising traffic but I'm also wanting to gauge the Chinese market to see what is happening with domain sales. Last year, I came away with an urgency to sell or a ChiP domains and it ended up being really profitable.....so maybe it's time to buy back in?

I'm speaking three times at the conference on the topics of:

  • Monetisation 101
  • Monetisation Masterclass
  • Monetisation for Registrars and Registries

Anyway.....I've got to race into the next meeting. I'll keep you posted!

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The Domain Conference - It Was Awesome!

The Domain Conference - It Was Awesome!

Just to let you know, I’m writing this blog from 30,000 feet. I’m about an hour from Melbourne airport after travelling for twenty-four hours from “The Domain Conference” in Fort Lauderdale. My body feels like it’s been put through the ringer and my brain feels a little mushy (see above picture - LOL!) so you’ll have to excuse me if it doesn’t contain any epiphanies.

For a start, the conference, as normal, was an outstanding success. It’s not as big as NamesCon but a lot of the right people were in attendance. I don’t mean to insult anyone but stupid people judge a conference by numbers of attendees……I judge a conference on the level of business conducted. I’ve returned with easily enough to keep me busy until the end of the year.

If you really want to accelerate your business growth, then taking the opportunity to attend every domaining event is mandatory. I often find the same people that say they will attend and then don’t are the same people that complain in the forums about the downturn in the domain industry. Go figure? You reap what you sow……make the effort to reach out to people at events and don’t be surprised if you suddenly start selling domains and finding other opportunities.

I met so many great people at “The Domain Conference”. From hedge fund managers (yep, they have heaps to invest) right through to registries who are doing some awesome deals. What I find the most beneficial is just hanging out with other entrepreneurs who are hungry to throw some ideas around.

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Michael Gilmour
Would have loved to have caught up with you more as well! I always enjoy our conversations.
17 September 2016
Whizzbang
Hi Michael, Cheers to you for sharing this with us busy with other stuff and not able to attend the conference. I just wish that... Read More
19 September 2016
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