Are new TLDs changing the way you approach domain investing?
Tucows filed its 10-Q yesterday. In the report, Tucows suggested that domain name investors may be proceeding cautiously with aftermarket domain purchases this year as they wait for new top level domain names:
We have two primary buyers for our domain names – domain investors and businesses. While businesses domain sales continue to grow, we have begun to see evidence of domain investors interest slowing as they attempt to assess the impact the introduction of new gTLD’s may have on their businesses. Accordingly, until the impact of new gTLD’s can be appropriately assessed, we will be shifting our efforts towards appealing more to businesses while continuing to work with domain investors.
There are many reasons domain investors may proceed cautiously this year with the knowledge that new TLDs are coming soon.
Many domain investors are applying for new TLDs themselves, and may be reserving cash to support those ventures. Others may be putting cash on the sideline to register new TLDs when they come out. Some may be worried about what effect new TLDs will have on their existing portfolio, and are therefore treading carefully.
On the other hand, I know some investors who are spending more this year than usual as they try to buy the .com equivalent of strings that will be released as top level domains.
What about you? Is the imminent release of new TLDs changing how you approach your domain business right now?