Korean IDN grabs the top slot in at Snapnames

[Alphamale]

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

[Olney]

I thought there were 2 Korean domains?

[mulligan]

Should have been 2 Koreans up there ... payment issues? non completion? mid completion?

[thefabfive]

Great exposure.

Maybe the other one will hit nearly as high on the list next week and help keep the momentum going.

[Asiaplay]

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

[seamo]

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.

[domainguru]

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.

[Alphamale]

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

[IDNCowboy]

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

[clipper]

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.

[thegenius1]

This calls for more Champagne

[Olney]

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.

[Wot]

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.

[Rubber Duck]

Originally Posted by Wot

Well, how much annual PPC do IDN'S go for.

I didn't know you could get dot coms on the aftermarket

[Wot]

Originally Posted by Rubber Duck

I didn't know you could get dot coms on the aftermarket

Aftermarket ?

[rhys]

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

[Rubber Duck]

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.

[rhys]

Originally Posted by Rubber Duck

That is a very auspicious number Rhys. You are obviously pitching at the local market there.

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?

[Rubber Duck]

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.