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So, did you invest in .VIP?

.VIP

On September 6, 2016 a Video was posted in YouTube by Joe Alagna of 101domain.com titled Dot-VIP Domain names and China.  Here is the Video:

 

The video featured Joe Alagna, V.P. Channel Development at 101domain, Inc., Simon Cousins, co-founder and CEO of Allegravita LLC, an expert on China who specializes in domain names, Susan Lawrence of Minds + Machines (operator of .VIP).  Simon Cousins was well prepared and explained why he thinks .VIP is hot for China.  DN.DOMAINS had a chance to go through the entire video and here is what I think about it:

1.   Simon Cousins was well prepared for the interview and gives out so many facts and the video is done in a nice way listing out so many points. I would assume Simon’s Allegravita might be working along with Minds and Machines to get MIIT approval for .VIP in China. He specializes in that area, helping to get tlds approved in China.

Here is the list of approved tlds in China: http://www.miit.gov.cn/n1146285/n1146352/n3054355/n3057709/n3057722/c4377447/content.html

Verisign’s Com and Net was approved recently.  You see them at the bottom of the list.

2.  I checked the video and immediately went to check the availability list and was surprised to see that ALL GOOD NICHES WERE GONE.  There were some random 6n.coms available at that time, but I had no interest in them.

Interestingly, the tld was launched in May 2016, I see many Chinese names in the whois. The tld was promoted without any discounts in registration.

The interview comes out after you can’t do much to profit from it.

3.  I checked for some 3 number domains especially because I have an interest in acquiring a few 3 numerics that are in sequence for a startup idea.  I found many are registered in China and others are reserved by the registry.  I approached the registry for a few domains in sequence, and they quoted 10K each on them!!  I left it there.

4.  Simon is trying hard to explain VIP as a word in China that has no connection with the English meaning of VIP. I observe it all narrows down to meaning closely related to the English word itself.  Further, here is what Yabla says:

vip

More or less same, right?

5. The golden rule in domaining is that it is very hard to make a new tld a success. All of us have done that – chance up on something new, reg domains in that tld expecting it would be hot. It is safe to assume com, net, cc, cn are always the safe bet for an investor. You can always invest in other tlds if you see real growth – many sites developed in the tld, huge demand etc. – in them.

6.  Investing in any tld that is not listed in ENAME’s trading platform, China’s largest, poses a risk to me. You can always invest once it is listed. Here are the listed tlds:

suffix

Jijo Pappachan

Jijo Pappachan is a Chinese Domain names investor, trader, broker, author, and blogger. He started domaining in 2015 and made it big during the surge that time. He has sold more than 1000 domains. He is part of DNOAi, Domain Name Owners Association of India.
[Disclaimer: My analysis could be wrong. Do your own due diligence while making investment decisions. If you want me to write about something specific, email me.]

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