Up until today, I had yet to purchase a numeric domain name. Let alone any domain in the .XYZ extension. Personally, I’m an advocate of sticking to the .com for a majority of my acquisitions. But today called for a little change.
I’ve heard so many different thoughts as to how the Chinese markets will “behave” this year. While no one may 100% know what will occur, it is in my personal opinion that they will emerge stronger than ever. If things keep progressing the way they have been, this should be the biggest year in the history of the domain industry. We shall see.
Here are five of the many reasons I have for acquiring the domain name:
According to XYZ, there are literally ZERO remaining four number .XYZ domains available for registration. Out of the 10,000 possible numeric combinations, roughly 4,000 of them are considered Chinese Premium. And a fraction of those have repeating 8’s. Even the ones with 0’s and 4’s have been all registered. So it’s fair to assume, I own the rarest 4N .XYZ domain there is now.
2. Other Investors Agreed
When making off the wall acquisitions, I always seek the council of fellow domainers that I trust. I ran the domain by a few friends, and they too agreed that it was worth the acquisition. When someone who heavily invests and knows about the Chinese domain market tells you they would buy it too, then you know that you’re on the right track.
3. Gut Instincts
Nothing about this acquisition felt wrong. In fact, my gut was on fire, and I went with my instincts. They tend to pan out quite well, so I have learned to trust and listen to them. Even when making quirky acquisitions like this one.
4. Acquisition Cost to Potential Value
The acquisition cost was substantial. However, the potential value made it worthwhile to acquire it. According to XYZ, all 100,000 5N combinations have been registered as well, althought, I know that 88888.xyz is available as a premium reg – so premium registrations might no have bene taken into consideration in that number (99999.xyz recently sold for $7.1k on NameJet btw). There is no doubt, that if things progress like they have been, and in terms of risk to reward, this will be my best acquisition to date. Especially with the way numerics have been selling.
5. Learned From Mistakes
Early on, I had looked to hand-register a ton of numeric domain names. I had countless 6N’s in my shopping cart, and I let them pass by. They are now averaging $250/each. Let alone other extensions I chose to ignore along the way. I left at least six figures on the table by ignoring the trend. That won’t happen again. I had to learn from my mistakes. Although I won’t ever put all my eggs in one basket, I won’t limit myself to only baskets I feel comfortable with either. I have to step further outside of the box. This just happened to be as far out as I was willing to step. So I did.
There are so many different ways to invest in domains these days. It’s difficult to weed through the hype, and find the gems. But when you do, you have to rise to the occasion. Or someone else will. Like what happened to me with the 6N’s and other trends. This time, I was the one to jumped at the opportunity. Time will tell if i’m insane or not. 😉