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Old 14th July 2007, 01:07 PM
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Misunderstandings on Asian cultures fueling investment mistakes made on IDNs.

Some common fallacies:

1. .Com is America.
2. People are nationalistic (a few, but majority are not).
3. Domain value is relative to GDP.

Last edited by touchring; 14th July 2007 at 01:19 PM..
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Old 14th July 2007, 01:30 PM
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Re: Misunderstandings on Asian cultures fueling investment mistakes made on IDNs.

Quote:
Originally Posted by touchring
Some common fallacies:

1. .Com is America.
2. People are nationalistic (a few, but majority are not).
3. Domain value is relative to GDP.
Some countries are more nationalistic than others. I believe that Austria, Denmark, Japan and France are all very nationalistic countries.

And Finland, don't even get me started... In Finland, there are signs and labels all over stores and products urging people to only buy Finnish goods, although Finland is part of the EU. I took a picture of one such little sign with my mobile phone when I was in the supermarket buying some beer. It said "Suomalainen valinta on vastuullinen teko" (Finnish choice is the responsible action) and had a picture of the Finnish flag above the text., urging people to choose Finnish beer over the imported beers from Germany, Czech Republic, etc. There is an organization here that has trademarked a little picture of a blue and white swan that says "Hyvää Suomesta" (Good from Finland), which food and product manufacturers can license for about 13k EUR per year and display on their products. People have been trained not to trust foreign food (never know what sort of chemicals or slave labor those spaniards are using for tomato production), so they automatically trust the food with the little blue sign on it. And to top it all off, the products from Finland cost twice as much or more as the imported products but people still buy them. It is really unbelievable.
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Old 14th July 2007, 01:38 PM
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Re: Misunderstandings on Asian cultures fueling investment mistakes made on IDNs.

You will be turned away if you try to enter certain restaurants in Tokyo because you are not Japanese.

Of course, this is for your own benefit, not due to any nationalism on the part of the owners.
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Old 14th July 2007, 05:06 PM
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Re: Misunderstandings on Asian cultures fueling investment mistakes made on IDNs.

We get all that nationalistic bullshit in the UK.

Cuts very little ice with the consumer. It is more often than not simply a sign of desperation. Any company that attempts to trade on nationalistic loyalties is doomed.

Take the East European migrant workers. UK accepted them by the hundreds of thousands, Germany and France rejected them. Whose economies suffered and who lost jobs? Answers on a postcard!

Quote:
Originally Posted by jacksonm
Some countries are more nationalistic than others. I believe that Austria, Denmark, Japan and France are all very nationalistic countries.

And Finland, don't even get me started... In Finland, there are signs and labels all over stores and products urging people to only buy Finnish goods, although Finland is part of the EU. I took a picture of one such little sign with my mobile phone when I was in the supermarket buying some beer. It said "Suomalainen valinta on vastuullinen teko" (Finnish choice is the responsible action) and had a picture of the Finnish flag above the text., urging people to choose Finnish beer over the imported beers from Germany, Czech Republic, etc. There is an organization here that has trademarked a little picture of a blue and white swan that says "Hyvää Suomesta" (Good from Finland), which food and product manufacturers can license for about 13k EUR per year and display on their products. People have been trained not to trust foreign food (never know what sort of chemicals or slave labor those spaniards are using for tomato production), so they automatically trust the food with the little blue sign on it. And to top it all off, the products from Finland cost twice as much or more as the imported products but people still buy them. It is really unbelievable.
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Old 14th July 2007, 06:22 PM
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Re: Misunderstandings on Asian cultures fueling investment mistakes made on IDNs.

Quote:
Originally Posted by Rubber Duck
We get all that nationalistic bullshit in the UK.

Cuts very little ice with the consumer. It is more often than not simply a sign of desperation. Any company that attempts to trade on nationalistic loyalties is doomed.

Take the East European migrant workers. UK accepted them by the hundreds of thousands, Germany and France rejected them. Whose economies suffered and who lost jobs? Answers on a postcard!
I think there's a difference between nationalism and protectionism?


Quote:
Originally Posted by blastfromthepast
You will be turned away if you try to enter certain restaurants in Tokyo because you are not Japanese.

Of course, this is for your own benefit, not due to any nationalism on the part of the owners.

More to do with language barrier?

Last edited by touchring; 14th July 2007 at 06:24 PM.. Reason: Automerged Doublepost
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Old 14th July 2007, 06:27 PM
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Re: Misunderstandings on Asian cultures fueling investment mistakes made on IDNs.

Quote:
Originally Posted by touchring
I think there's a difference between nationalism and protectionism?
It's like the difference between love and hate.

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Old 15th July 2007, 02:16 AM
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Re: Misunderstandings on Asian cultures fueling investment mistakes made on IDNs.

Quote:
Originally Posted by blastfromthepast
You will be turned away if you try to enter certain restaurants in Tokyo because you are not Japanese.

Of course, this is for your own benefit, not due to any nationalism on the part of the owners.
Never happened to me in 12 years. You must really have to hunt to find such restaurants!
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Old 15th July 2007, 02:59 AM
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Re: Misunderstandings on Asian cultures fueling investment mistakes made on IDNs.

Turned away? Brothels yes...restaurants no
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Old 15th July 2007, 04:36 AM
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Re: Misunderstandings on Asian cultures fueling investment mistakes made on IDNs.

Quote:
Originally Posted by rhys
Turned away? Brothels yes...restaurants no
Bummer.
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Old 15th July 2007, 05:27 AM
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Re: Misunderstandings on Asian cultures fueling investment mistakes made on IDNs.

Quote:
Originally Posted by rhys
Turned away? Brothels yes...restaurants no
This is funny - you are too honest :o lol - but is true, Japan is the only place I have seen signs over a business's doorway saying (Nationals of a country only can step into our business and use our services... and I understand this rule is applied on the look of the person and not on their ability as an overseas Japanese to not speak the Japanese language, which is also interesting).

Nationalism - as per previous post, prefer to not discuss the obvious.
Interesting that everyone only commented on this point and didn't mention the other two (is it as those topics have been discussed to death, before I was reading regularly... anyway, I will comment on them - sorry in advance, if this is the case).

".com" is ".America" though is an interesting one - and yes, to a degree I think people think this is true (it is definitely an argument in support of ccTLD (e.g. .cn) over .com and for the .com & .ru russian IDNs).
Namely that the registrar being USA based makes this a USA brand - and to some degree it definitely does mean this (however the same will be able to be said of .asia in the future - being HK based, it could be seen as a HK brand).
I think this is actually a reality and not a fallacy (and due to the world-wide big search engines being USA based as well - it is these two combined that makes me think .com will have a position on the search results within IDN markets... if .com was based in another location less friendly in the commercial mind of USA SE holders, then I am not so sure the search engines would be supporting .com - but I think this match in ownership location, basically ensures this will be the case... damn isn't that a type of nationalism - lol - shh shh...).

Domain value is relative to nothing - the price someone is prepared to pay is often not linked to commercial realities, as I see it (especially with some of the t.r.a.f.f.i.c. sales) - namely like real estate, a lot of the price is in a person wanting to be able to say they own an IDN (rather than the commercial return that IDN will necessarily bring / give).
So I agree that this is a fallacy.

Couple of comments (even though know you are all experts so far who have commented...) - cheers, Asiaplay

PS: Edwin - quick hi, is great to see you back again, after a couple of weeks away - do keep posting (really enjoy your comments always).

Last edited by Asiaplay; 15th July 2007 at 05:32 AM..
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Old 16th July 2007, 12:39 AM
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Re: Misunderstandings on Asian cultures fueling investment mistakes made on IDNs.



July 14, 2007. Members of civic groups opposed to the sale of U.S. beef throw cow manure inside the Lotte Mart Sangmu branch in Gwangju yesterday. Lotte Mart introduced U.S. beef yesterday, the first time a nationwide supermarket has sold it in more than three years.

The Seoul Station, Chungju, Anseong, Sangmu, Cheongju and Gwangju World Cup branches had to stop selling the meat because of the protestors. More than 100 kilograms were sold before the protestors rushed in at Seoul Station.

The full story: http://joongangdaily.joins.com/artic...sp?aid=2878042
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Old 16th July 2007, 07:35 PM
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Re: Misunderstandings on Asian cultures fueling investment mistakes made on IDNs.

Deutschland, Deutschland über alles,
Über alles in der Welt...
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