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  #1 (permalink)  
Old 23rd May 2007, 06:14 AM
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Korean IDN grabs the top slot in at Snapnames

already reported here, but good to see it in the "press"

http://dnjournal.com/domainsales.htm

also cropping up on Franks blog and at Jay's http://blog.domaintools.com/2007/05/...ion-this-week/

Yes, you are reading it right, an IDN domain name takes the top sale this week at Snapnames.... English speaking bidders should hire contracts to go through IDN names that are going to auction. This is a prime example of a high quality domain that is worth several hundred thousand if not a few million. IE7 and Firefox both resolve IDNs now and this auction looks like a down right steal to me.

If someone wants to be a millionaire, it is not to late to start. Buy names like this and HOLD.


let the good times roll
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Old 23rd May 2007, 06:19 AM
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Re: Korean IDN grabs the top slot in at Snapnames

I thought there were 2 Korean domains?
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Old 23rd May 2007, 06:29 AM
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Re: Korean IDN grabs the top slot in at Snapnames

Should have been 2 Koreans up there ... payment issues? non completion? mid completion?
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Old 23rd May 2007, 06:36 AM
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Re: Korean IDN grabs the top slot in at Snapnames

Great exposure.

Maybe the other one will hit nearly as high on the list next week and help keep the momentum going.
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Old 23rd May 2007, 06:46 AM
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Re: Korean IDN grabs the top slot in at Snapnames

Olney,

As I understand it there are only four Korean domains which are open for public registration - namely:

.kr top level
.co.kr company
.pe.kr personal
.or.kr organisation

There is also .ne.kr - network (but unsure if is open for registration or not)

Aside from this there are a lot of closed for registration by members of the general public domains / IDNs...

e.g.
.go.kr
.mil.kr
.seoul.kr
etc. etc.

List goes on and on for the closed domains... see http://whois.co.kr/kr/index.asp

Also be careful of the ".kr.com" IDN offered at http://www.e3internet.com/shop/check.php if you are targeting Korea itself (it is not used in Korea and my best guess is that this is a USA based sub-com domain).

Cheers, Asiaplay

Last edited by Asiaplay; 23rd May 2007 at 07:24 AM..
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Old 23rd May 2007, 06:57 AM
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Re: Korean IDN grabs the top slot in at Snapnames

Awesome.

This news is a head-turner - it will give the IDN market a nice boost.

I imagine we'll also get a corresponding surge of new members here in the coming weeks.
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Old 23rd May 2007, 07:03 AM
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Re: Korean IDN grabs the top slot in at Snapnames

Quote:
Originally Posted by seamo

I imagine we'll also get a corresponding surge of new members here in the coming weeks.
Yeah, and most of 'em saying "How much annual PPC do IDNs go for?" - can't wait

Funny how the ASCII blogosphere is now full of "hot IDN" comments, when 3 months ago they couldn't give a shit. Yeah, I know, it's all about the money, but its been so phreaking obvious to IDNF members for years the money would turn up once IE7 had started to work its "magic" and turn IDNs from good idea into working reality.

Bring on the ASCII deep pocket brigade - it will be good fun turning them down.
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Old 23rd May 2007, 07:17 AM
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Re: Korean IDN grabs the top slot in at Snapnames

Quote:
Originally Posted by seamo
I imagine we'll also get a corresponding surge of new members here in the coming weeks.
yup and the flippers flipping TMs like McDonalds

or killer commercial terms such as deepfrieddogpopsicle
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Old 23rd May 2007, 07:37 AM
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Re: Korean IDN grabs the top slot in at Snapnames

Quote:
Originally Posted by mulligan
Should have been 2 Koreans up there ... payment issues? non completion? mid completion?
one doesn't look like its been paid for yet
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Old 23rd May 2007, 07:57 AM
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Re: Korean IDN grabs the top slot in at Snapnames

Quote:
Originally Posted by Alphamale
also cropping up on Franks blog and at Jay's http://blog.domaintools.com/2007/05/...ion-this-week/

Yes, you are reading it right, an IDN domain name takes the top sale this week at Snapnames.... English speaking bidders should hire contracts to go through IDN names that are going to auction. This is a prime example of a high quality domain that is worth several hundred thousand if not a few million. IE7 and Firefox both resolve IDNs now and this auction looks like a down right steal to me.

If someone wants to be a millionaire, it is not to late to start. Buy names like this and HOLD.
Nice.
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Old 23rd May 2007, 08:32 AM
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Re: Korean IDN grabs the top slot in at Snapnames

This calls for more Champagne
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Old 23rd May 2007, 09:06 AM
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Re: Korean IDN grabs the top slot in at Snapnames

I think the other factor is it seems like the registries are keeping the good English drops for themselves.
This weeks DNJournal looks like it went to the Global Domaining Fest.
None of the terms were generic English Dot coms in the top 10.

Perhaps some actually will hire consultants to bid on premium domains in Snap.
If it's based on getting stuff on Snap that I probably couldn't afford myself (now) why not.

Already a lot of members have some of the best premiums in multiple languages.
It's good that the negativity is fading & facts & cultural differences are being taken as the reason why we invest.
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Old 23rd May 2007, 10:03 AM
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Re: Korean IDN grabs the top slot in at Snapnames

Quote:
Originally Posted by domainguru
Yeah, and most of 'em saying "How much annual PPC do IDNs go for?" - can't wait

Well, how much annual PPC do IDN'S go for. :p
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Old 23rd May 2007, 10:20 AM
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Re: Korean IDN grabs the top slot in at Snapnames

Quote:
Originally Posted by Wot
Well, how much annual PPC do IDN'S go for. :p
I didn't know you could get dot coms on the aftermarket
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Old 23rd May 2007, 10:24 AM
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Re: Korean IDN grabs the top slot in at Snapnames

Quote:
Originally Posted by Rubber Duck
I didn't know you could get dot coms on the aftermarket

Aftermarket ?
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Old 23rd May 2007, 10:44 AM
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Re: Korean IDN grabs the top slot in at Snapnames

Quote:
Originally Posted by domainguru
Yeah, and most of 'em saying "How much annual PPC do IDNs go for?" - can't wait

.
How about responding in terms they can understand:

10 times 15% of relevant OVT assuming 20%-30% CTR multiplied by 50% median overture bid. So 携帯.jp with monthly ovt of 230,000 and median bid of 38 yen could be worth: 690,000*19yen*8 = 104,880,000 yen or $888,000
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Old 23rd May 2007, 10:47 AM
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Re: Korean IDN grabs the top slot in at Snapnames

Quote:
Originally Posted by rhys
How about responding in terms they can understand:

10 times 15% of relevant OVT assuming 20%-30% CTR multiplied by 50% median overture bid. So 携帯.jp with monthly ovt of 230,000 and median bid of 38 yen could be worth: 690,000*19yen*8 = 104,880,000 yen or $888,000
That is a very auspicious number Rhys. You are obviously pitching at the local market there. :p
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Old 23rd May 2007, 11:00 AM
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Re: Korean IDN grabs the top slot in at Snapnames

Quote:
Originally Posted by Rubber Duck
That is a very auspicious number Rhys. You are obviously pitching at the local market there. :p
I do mean to be a little provocative here because valuation method will become very important now in the days before type-in traffic is established. If I had 携帯, I don't think I would release it for anything less. You know I'm a buyer not a seller.

Clearly as an asset class that is growing rapidly, we have to come up with a common framework based on as much objective information as is available. That is, the prospective type-in traffic value of the search term ( local OVT results) and commercial potential measured as 50% of median bid on bidtool. Current PPC multiples is only useful for slow-growth ascii domains.
I would discount extensions .JP = 1 .COM = 1 .NET = .1 .TV = .001 .BIZ = .001

Thoughts?
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Old 23rd May 2007, 11:12 AM
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Re: Korean IDN grabs the top slot in at Snapnames

Rhys, I had long convoluted discussion with Touchring here many months ago. I dubbed his valuation method as Bottom Up, whilst putting forward my own Top Down approach. It is good to see you standing clearly in the Top Down camp. Those that have are adopting Bottom Up, I will dub Wanabees.
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Old 23rd May 2007, 11:35 AM
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Re: Korean IDN grabs the top slot in at Snapnames

Quote:
Originally Posted by rhys
Clearly as an asset class that is growing rapidly, we have to come up with a common framework based on as much objective information as is available....

Thoughts?
I haven't been domaining very long, nor am very learned, but this is my prophetic vision. Make of it what you will.

The market does not need to justify an IDN's value based on traffic stats to anyone yet. Appeals to ascii based formulas are premature by years. Why?

Because in the near future the market will be blown open by a rush of local language investors. And they sure as hell won't need convincing about the value of an internet address in their mother tounge that means 'mobile', or 'sex', or 'loan'.

I think that as much as speculation has driven this market in the past, it is not finished with us yet. In fact, a golden era of IDN specualtion may be about to dawn...

IMHO
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