Domain Sales Don’t Add Up

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I was crunching some numbers today on the domain sales market and a number of things just didn’t add up for me. It would appear that as an industry we are going backwards….which should be a little bit of a concern.

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The first thing I wanted to do was try and dimension the size of the domain sales market. I decided to start with the estimated size of the Sedo marketplace as they quite regularly published their numbers. I was more interested in the number of domains sold and also proportions of the size of each sale.

After some mathematical magic, I came to an estimated sales volume of just shy of $37m for 2016…..I think this is a little low as some of the larger outliers will push the number up to around $50m. If there’s anyone from Sedo that can confirm or deny this number that would be awesome!

The next question I asked was what proportion of the total market does Sedo have? Sedo actually sold around 99 of the top 304 domain sales for 2016….which suggests about 32% of the domain market. This seems a little on the high side to me.

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Business 101 - The Inspiration

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I’m a firm believer that everyone is born with a spark of creativity inside of them. It’s the energy that spins the dynamo and as children causes them to dream big wonderful dreams. As we age we often start getting “sensible”, stop dreaming and life backs us into a corner of mediocrity when we were meant to soar like eagles!

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How many times have you shared an idea with a work colleague to find you’ve become the butt of everyone’s jokes? Or maybe it’s been your parents that tell you to just knuckle down and get a job as that’s going to be your future…..when deep down inside you want to do something else. I’ve met so many people that have had their dreams smashed before their eyes and they end up crawling back to the weekly grind they despise.

Don’t get me wrong, there’s nothing wrong with a job, especially if the other option is to not have one at all. The question each of us needs to ask is whether we have a secret desire to do something else? Yes, it may be a business but like Richard Gere’s character in the movie “Shall We Dance” it could be to dance. It could also be to do something quite different.

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Saturday Musings – A Smile On My Face

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I’m typically a positive sort of individual and recently I’ve had even more reason than normal to have a smile on my face. Is it the fact that the next Bladerunner movie is coming out soon? As good as that will be (fingers crossed) it’s not that. So what’s got me so upbeat?

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For a start, after working on it for over 2 years, ParkLogic is migrating the last of our clients across to the new Next platform this week. It’s been a heck of a journey where we rebuilt our entire platform from the ground up……and yes, it’s a million times better! It also means that we will shortly be focusing on a single system rather than two (the old one and the new one) which will free up so much time for the team to continue to add value for clients.

I’ve also been working on a platform for developing websites on the fly. It evaluates, tracks and scores everything a user does on the page (leaves Analytics for dead!) and will be the basis for our next generation of ParkLogic products aimed at both the sales and development market segments. So far we have several million pieces of traffic a day moving through the system and it performs brilliantly…..so all is good and my smile is expanding!

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Saturday Musings - State of Fear

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Are you driven by fear? Some would say that more than any other time in human history we are captured in a grip of fear. If you really think about it, we’re scared, worried, and stressed by about everything.

Before you say, “Michael, I’m pretty relaxed about life”, let me lob a few fears at you.

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Will I keep my job in these uncertain times? I’m feeling older, will my next medical checkup reveal anything? Do my kids really love me? Why can’t I find the special someone to spend the rest of my life with? Is it safe to travel? Will Google stop paying out on traffic domains? Why haven’t I had a domain sale lately? Will I have enough money for the mortgage this month? The list goes on and on…..and at the heart of it all is fear.

Let me share with you some good news. Compared to any other time in human history we live in the most remarkable. We live longer and have better standards of living. Go back less than 100 years ago and having a toilet inside the house that flushed was a rarity. Many diseases still ravaged the majority of the people on the planet and the wonder drug called penicillin had only just been discovered (by accident).

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Industry Leaders Survey - Have Your Voice

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The 2017 Industry Leaders survey responses are continuing to come in and the top three contenders so far are Frank Schilling, Rick Schwartz and Jothan Frakes. If you haven't filled in the survey then make sure you share your opinion.

Click Here to do the Industry Leaders Survey

I've had a number of questions raised since I launched the first industry leaders survey a few days ago and I thought that it would be worthwhile answering the questions.

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How long will it take to fill in the survey?
There are only 10 questions with a slider from zero to ten next to each so it should only take a few minutes.

What if I don't know how to answer some questions?
The questions look at how YOU feel about the person that you are nominating. This means there are no wrong answers. Also, if you don't know how to answer some questions then just move the slider to zero.

Since the survey is looking at your experience with the person then this would be a reasonable response if you have not had any personal business experience with the nominee but have viewed there community activity.

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