A domain parking update from ParkQuick’s Leonard Holmes.
by Leonard Holmes, ParkQuick
There has beenÂ some debate on how the current banking and financial crisis is affecting the domain industry.Â Â Whether or notÂ thisÂ specific crisisÂ affects domains, the general economic slow-downÂ is definitely having an effect.Â While $
2,000,000 $3,000,000 did change hands in Moniker’s T.R.A.F.F.I.C. New York live domain auctions, this is down from $10,000,000 in 2007 (according to an email from Rick Schwartz).Â Â Â Last month’s Name Monetizer newsletter provided information on similar decreases in parking income; and on Oversee.net’s staff cuts.
Perhaps most telling is the fact that there will be only two T.R.A.F.F.I.C. shows in 2009.Â Â T.R.A.F.F.I.C. had three shows in 2006 and in 2007.Â There were either three or four in 2008 (depending on whether you count T.R.A.F.F.I.C. Down Under).Â IfÂ Rick Schwartz and Howard Neu areÂ slowing down, then you can bet that the domain industry is slowing down.
How does this affect your domain strategy?Â Undoubtedly some of us will let some domains expire because they are a bit harder to monetize.Â This creates buying opportunities for others.Â The burst of the dotcom bubbleÂ in 2000 created a similar buying opportunity for astute domain owners.Â Keep your eyes open in the next few months, and you may find some real domain bargains.