Blogs about the domain industry and the various players and companies within it.

When is an Escrow not an Escrow?

When is an Escrow not an Escrow?

I was reading another blog recently (yes I do that) and was intrigued by the comments on an article about escrow. A viable, secure and reputable escrow service is absolutely key to every domainer if they are to safely buy and sell domains. So when is an escrow not an escrow?

I used three key words in my first paragraph and I would like to unpack them to help readers judge and escrow service.

Viable.
Is the business that is ultimately backing up the escrow service going to be there tomorrow? Do they have the financial ability to pay their debts when they fall due (ie. are they solvent)? My impression is there are too many people hanging out a sign saying that they can do escrow and actually have no idea what it means.

For example, I receive requests all the time from new monetisation companies wanting to get access to our large volume of traffic at ParkLogic. My problem is that for many of them I don’t know if they will be in business in the next 12 months. It’s the same for some of the start-up escrow companies, they just aren’t viable.

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Interview on Domain Masters Radio

Interview on Domain Masters Radio

I just had a great time with Jonathan Tenenbaum and Scott Pruitt from Domain Masters radio. In the show we covered a huge range of topics, starting with my own personal story and how I entered the domain industry. It took me down memory lane and caused me to reflect a little on the journey over the last 14 years.

We then moved on to how to extract the most value from domain traffic. Times have changed in doing this, you can no longer just pick the gold up from the ground. I relate how ParkLogic is like drilling a mineshaft three miles down to find the seam of gold for each domain.

We finally discussed domain development and how it's so important to start with a business model and move on from there. Many people start with building a website and then try to make money....it's the wrong direction to head.

I want to thank Jonathan and Scott for the opportunity to be a part of the show. They do a great job! Here are the links to the live cast and the archive.

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Namescon - The Week After

Namescon - The Week After

So it’s about a week after Namescon and I’m sitting at my desk still feeling a little sorry for myself due to the jetlag. It’s always a mad scramble after returning from a conference.

Conferences are the place where an incredible amount of business is conducted in a very short time. I could be a bit rude and suggest that it’s similar to other activities in life but I think that I just won’t go there.

Escrow.com

My typical Namescon day began at about 7:15am where I woke up with the sun on my face. I always sleep with the curtains wide open to help shove my body into my new time zone. It may sound stupid (my wife thinks it is anyway) but it seems to help me out.

My first meeting is usually for breakfast at around 8am and I end up with a meeting scheduled every hour until 8pm that night. On the last day the time slots typically dwindle down to 30 minutes. So when I say that it’s a hectic pace, it really is.

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Namescon - There and Back Again

Namescon - There and Back Again

After the short flight from Vegas, I once again find myself in the Qantas club at LAX dreading the 15 hour flight home. I must admit that I couldn't resist going to qantas.club......it's owned by a domainer. If you happen to be the person that currenly owns the domain then I would highly recommend tha that you get rid of it....but onto Namescon.

In one word, Namescon was brilliant. The entire Namescon team should be congratulated for putting on an event that was incredibly well run. I'm sure that there were a number of mad scrambles behind the scenes but from an attendee and speaker's perspective everything appeared to be calm and controlled.

For example, I had to have a few things changed in the setup of the room for my session and nothing was too much trouble for the support staff.

What really struck me about Namescon was the energy. It was buzzing! I felt like I'd been transported back to 2007 and the heyday of the domain industry. The numbers of deals, buying and selling was incredible. I loved rubbing shoulders with a heap of really smart domain investors who seemed to be inspired with a fresh sense of purpose and excitement.

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Namescon - The Place To Be!

Namescon - The Place To Be!

It takes me a lot to journey across the Pacific Ocean and even more when it’s in the middle of my summer in Australia. It just so happens that Namescon ticks both of those boxes but I’m still making the journey….so why would I do that?

The first Namescon really took advantage of a gap between TRAFFIC in October and an overly delayed DomainFest. This opportunity, combined with a fantastic team of industry luminaries has powered Namescon from strength to strength.

To date there are over 800 registrants from all over the world attending this year’s conference. The sessions topics look incredible with speakers who are real experts in their fields sharing their incite and knowledge.

I was kindly invited to speak on a session which will involve building an online business from concept through to a 12 month cashflow and final implementation within 60 minutes! I’ll be inviting a person from the audience to share their business idea and then we’ll build the domain out in front of everyone. It’s going to be fast, furious and a LOT of fun!

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End of Year Recap

End of Year Recap

A video reflecting on a number of projects, conferences and domain events in the last few months of the years. Topics covered include ICANN, managing domains and even the upcoming release of my new scifi novel!

I hope that you enjoy it and feel free to add your comments!

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Interview on Domain Name Wire

Interview on Domain Name Wire

I recently had the privilege of being interviewed by Andrew Allemann of Domain Name Wire and this Podcast is now available via the link below. I really enjoyed discussing the domain industry with Andrew as we explored a wide range of topics.

Some of the topics include:

  • The domain industry
  • Why Google is taking more
  • How to increase the earnings from your domain traffic
  • Doing something different with your domains
  • Why you will lose money by sending all of your traffic to a single parking company
  • The difference between parking companies

It was great being interviewed by Andrew as he asked some really inciteful question. He's been blogging and running Domain Name Wire for many, many years and has an incredible level of knowledge across the whole industry.

Click here to go and listen to the Podcast

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The Evolution of Domain Parking

The Evolution of Domain Parking

Domain parking is dead and should have been buried a long, long time ago. This is what I see written in domain forums over and over again. I’m left with two questions, “Why hasn’t it died?” and “What’s next?”

There are a number of reasons why domain parking hasn’t died and the first being that domain investors continue to support the business model. Let’s face it, all you have to do is change your nameservers and voila! Money starts pouring into your bank account…..that’s the theory anyway.

The reality is that I end up spending a huge amount of my time ensuring that ParkLogic clients have their nameservers set correctly and that the domains are actually still in the right parking accounts. When was the last time you audited all of your domains? Trust me when I say that about 10% of your revenue is being lost by not doing this.

Escrow.com

There is one thing for sure about domain parking is that it’s scalable. There are very few barriers to the number of domains that you can park but there are barriers to managing your domain portfolio. For example, at about 5,000 domains you will probably discover that vlookup in Excel becomes your best friend.....even if your domains are successfully parked.

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TRAFFIC - Happy 10th Anniversary

TRAFFIC - Happy 10th Anniversary

I would like to wish the team at TRAFFIC all the best for their 10th anniversary. It's been quite a journey for Rick and Howard and their families for the past 10 years. Sadly, due to my daughters 16th birthday I won't be able to make this one....the first TRAFFIC that I've missed since the very first conference run all those years ago.

If you haven't registered then make sure that you go to targetedtraffic.com.

Please enjoy the video below...

 

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ICANN Los Angeles Wrap Up

ICANN Los Angeles Wrap Up

At long last I’ve finally returned from attending ICANN Los Angeles. So was the jetlag, long hours and sitting in a flying tin can for a day and half worth it?

I found that the main attraction for me was that there were a lot of domain owners at ICANN that were looking for a solution that ParkLogic provides. This was great news and we ended up doing a lot of business.

I spent the majority of my time either in meetings or hanging out in the lobby waiting for my next meeting. I think that we had about 30 scheduled meetings and many more that were impromptu while passing someone.

As always, I enjoyed catching up with the many, many friends that I’ve made over the years as well as making a bunch of new ones. Both Joe (from ParkLogic) and I have been working with many of the people that we met for years and putting a face to a skype voice was fantastic!

A real highlight for me was when a group of us hung around a fire pit at the Intercontinental hotel until about 2:30am. It was a chance to really get to know the .green team and hear about their passion for the extension. Dirk from .club was also there and it was great to hear his story and journey over the last few years. We sometimes forget that with all of these new gTLDs that there are real people with real lives behind them that have often put everything on the line to see the extension come alive.

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