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The Secundary Domain Market is a Giant Ponzi Scheme Pyramid
Posted by k | Posted in Black Hat, Finding Good Domains, IDNs, Make Money, Registering New Domains | Posted on 10-02-2010
Unless you’re an investor on top keywords domains, like sex.com, business.com or any great one word keyword dot com, with true marketable value and decent type in revenue, this post is for you: this means 95% of all domainers out there. So, why are you on a Giant Ponzi Scheme Pyramid?
- 1.You’re buying air based on fantastic future promises
- 2.You get in lured by the successful stories of others
- 3.You’re fattening the ones on the top of the pyramid
- 4.You can’t easily get out. (Liquidity trap: You can’t sell your portfolio at any time for the same value you get it)
- 5.You try to get new blood to the pyramid convincing your friends how great the domain business is
- 6.You end up selling air to others to cover your losses (And you might even enjoy doing it and keep going)
- 7.You keep dreaming of being as rich as the religious mentor sitting on the top of your pyramid
Sounds familiar right?! This Domain Market Giant Ponzi Scheme main idea is to squeeze money from newcomers. Every new “revolutionary” platform serves only to better achieve this purpose. Firstly to the owners of those platforms, next to their friends and relatives and finally, while and if the scam is still convincing, to their network of interests.
Take for instance BIDO, don’t you ever think: “why are they listing this crappie name and constantly refuse to list mine’s”? Domainfest, Mardigrass, or the last platform everyone is blogging about: bargaindomains.com. The idea is to sell domains with huge discounts, like 90% off and even more. Excuse me, but, 90% off of what? 90% off of ESTIBOT valuations. Everyone knows ESTIBOT valuations suck big time, except newbies, of course. Another great example is eBay, being the latest trend there to sell IDN domains that look like English domains. That’s the ultimate fraud, I tell you. Just go to eBay and search for “IDN”.
Joel Comm recently spoke out the real truth about internet marketing:
My associate and I were stunned when the promoter told us that the attendees to his event were always looking for the next big thing and that it was like he was selling crack to them… providing their next fix. He made it clear that he didn’t expect them ever to make any money and he was fine with that
This is exactly what the top gurus of our industry think about you, yes YOU. Behind closed doors on those famous conferences. I bet one day we’ll have our “Joel Comm” revelation.
Therefore my advice is: when you buy a domain name, any name, for more than reg fee, you’re being swindled. You can buy a “great” name for $100 and never, ever on your life be able to sell it again. In the meanwhile, you will be supporting ICANN investments on the stock market and Bob Parsons’s Playboy girls, with the reg fees you’ll be adding every year.
Don’t buy the domain names are like virtual real state bullshit. Would you pay billions to own “Pittsburg” (Real Estate) if you could own “PittsburgAB” for $8, and construct exactly the same house (website) and have almost the same number of people visiting? (Same Rank on Google) I know, I know exact domain match is a big plus, but my point is that IT CAN be done!
Buying .com domains was a great investment to enter, in 1996. Buying IDN domains was a great investment to get in, in 2001. .mobi or .me domains were great investments to get in, if you were a partner on the company launching them. If you let those times go, don’t go chasing ghosts, and don’t buy the crap talk.
So, why am I domainer, you may ask. Go read this blog’s title: Black Hat Domainer. Keep tuning in, as I’ll be posting next how you should successfully ride this highly distorted domain market tide. Highly distorted markets are markets were you can profit a lot, if you know how to properly do it. The level of distortion is proportional to the number of people who have real awareness of its distortion. Welcome to the other side. Most top domainers are black hats. Halvarez rings a bell?
