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related
to the upcoming show, but one that many in the domain
business are pondering given the current shaky state of
the global economy.
DNJournal:
With scary headlines in the mainstream financial news
every day, there is a natural human instinct to hunker
down, zip up the wallet and wait out the storm. After
the .com bust in 2000, we saw that going against
that instinct paid off big for people like Frank
Schilling and Kevin
Ham who bought up assets others no longer |
Rick
Schwartz, Frank Schilling & Kevin Ham |
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Rick
Schwartz: I think we may see a set of larger
players coming but I doubt we will see what happened in
2000. The opportunities are there, but they will take
different shapes and forms. We need to come to grips
with the fact that the industry of truly professional
domainers is very small. There will always be a
way to make money with domains. New ways, old ways,
different ways. What you saw with Frank and Kevin will
happen again, but they won’t happen in the domain
industry. They will be there at the next big
thing. Their names may change, but they will show up
and if we do it right, we too will find the next
big wave.
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See
it does not matter if opportunity comes in the
form of domains or mashed potatoes. We all need
to take our blinders off. The folks I
have met on the Internet have roots from another
industry. Another industry that was small and
was very profitable. Many of us won’t be
domainers forever. We will be there to see the
next great things and a small segment of a small
group will once again follow a similar path. So
it won’t happen in domains. It will happen
with what is to come. When you live your lives
as we do, looking into the future, you
see things before others. That never changes. So
the next Frank or Kevin has the best chance to
happen to one of us or even them again.
Just not in domains. That cake is baked.
The history has been written. That trail has
been blazed. It is what is to come from here. |
In
2000, I stated that “From the ashes would rise the
real Internet” That is a reality now. The Internet has
shown it’s worth and staying power. It has slayed the
enemy in the forms of other media. The Internet has been
declared the winner. But the net, too, is
at an ebb tide. From this period will rise the next
great race. That “Storm” has yet to take shape. But
it is forming. The clouds are coming. New leaders are
emerging. New products will change the way we live. That
is what recessions produce. Innovation. We are all at
the epicenter of what is coming.
(Posted March
30, 2009)
http://www.dnjournal.com/archive/lowdown/2009/dailyposts/03-30-09.htm |
