Why I Did Not Buy 50,000 .XYZ Domain Names
Yesterday I wrote about how I considered buying 50,000 .XYZ domain names for $500 due to the $.01/name offering from Uniregistry. I laid out the pros and cons about registering this huge swath of names, and lots of people shared their valuable and interesting insight.
Shortly after publishing the article, I did a bit of testing to see if it would even be feasible to do this. I started with the Social Security Administration’s website to get a list of the 1,000 most popular boy and girl baby names for 2015. I created a list of the 2,000 or so names (I am sure there were some duplicates) and appended .XYZ to all of these. When I searched Uniregistry, I encountered a roadblock:
At this point, I probably could have contacted Uniregistry and asked for help, but I was in a hurry to get the search done and I also didn’t think it would be nice to use their resources since they wouldn’t be making any money (I would insist on turning off auto-renew upon registration). Instead, I used another bulk search tool to look for available names. Out of the 2,000 +/- names on the list, I only found 11 that were available to hand register. There were some additional premiums, but I was only interested in the names I could buy for $.01.
This is where I stopped. If I could only find 11 names out of this list of 2k prospective names, it would have been very time consuming to keep running keyword lists (500 at a time) to build a list of 50,000 available domain names that could be hand registered for $.01.
I briefly discussed what I was doing with .XYZ, and they sent me a list of available name .XYZ names (there were somewhere around 1,200 on the list). Some of those had already been registered by the time I looked and many weren’t names I would consider buying.
Ultimately, I decided against doing this due to the time constraints in actually finding a huge swath of names I felt could potentially have value as well as the potential for legal risk should I wing it and just buy haphazardly. I still think it may have been possible to sell enough names at $500 to at least break even, but taking the time to find all of those available names turned out to be the main reason I didn’t roll the dice and take this gamble.
Reach out to Elliot: Twitter | Google + | Facebook | Email