Domain Assets Strong Despite Economy
I don’t need to share any recent sales data to show that the economy is impacting domain values. I think the bottom line is that good domain names still sell for high prices, and average to below-average domain names are difficult to sell these days.
One thing is certain though. No matter how difficult the economy is, nor what happens to currency valuations and/or fluctuations, domain name assets are stronger than many other assets, and they are very similar to land and precious metals, all of which are limited and have intrinsic value.
Regardless of what happens with the economy, precious metals such as gold, silver and platinum will still have value. They can be used as bartering tools (if necessary) and they can be used just about anywhere in the world. Likewise, the best real estate is the world will still remain valuable. You won’t be able to make a ridiculously low offer for a piece of land on the water in Palm Beach any time soon or ever because there will always be someone there with a better offer – be it cash or cash equivalents.
Domain names can’t be lost (unless you forget to renew them), they are difficult to steal if you are careful, and good ones are valuable just about anywhere in the world you go. The Internet is one thing that binds just about the entire world, and it isn’t going anywhere.
Sure, people may be struggling to survive financially and things may appear to be getting worse, but as far as I can see, the impact is somewhat isolated. I think some people need to spend less time watching the news and more time focusing on how to improve their own economic conditions.
Fear is as dangerous as what is feared.
Reach out to Elliot: Twitter | Google + | Facebook | Email