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Posts Tagged ‘geo domain’

Warren Buffett on Newspaper Industry

May 6th, 2009
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geoWarren Buffett has weighed in on the declining newspaper industry. Here’s the scoop taken from his comments at the Berkshire Hathaway stockholder meeting which occurred this past weekend.

Buffett states that newspapers run the risk of “unending losses“. That’s a pretty powerful statement. This collapse of the American newspaper industry is an odd development. Local geo domain portals are most likely going to take news in a new direction as traditional newspapers die off. Buffett also said …

For most newspapers in the United States, we would not buy them at any price.

I am not aware of the status of newspapers in areas outside the U.S., but my suspicion is that this decline is not confined to only the USA. Probably a global occurrence tied to internet proliferation in every country.

I took my family to Wilmington last weekend and we went to several newly released movies. Ironically, both movies had prominent scenes addressing the rapid decline of hardcopy newspapers in America. Check out State of Play (Russell Crowe & Ben Affleck) and The Soloist (Jamie Foxx and Robert Downey, Jr). You’ll see what I mean. It’s obviously a hot topic in Hollywood.

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Geo Targeted Domain Names

January 19th, 2009

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Within any given city or state jurisdiction, there is a community of local businesses from different biz categories. Popular examples include real estate, legal services, financial services, hotel & travel, restaurants, and retail stores. These various businesses serve residents and companies within the surrounding area … as well as those who live and work outside the immediate community.

Geo targeting pertains to narrowing one’s focus to a specific geographical region. This is not a new concept, but is a highly effective method (utilized by marketers and advertisers) for achieving maximum impact from advertising dollars. Geo targeting allows companies to address the needs of their local, and most relevant, audience of buyers. Traditionally, people and businesses advertised in their city’s newspaper as that used to offer the best opportunity for reaching the most relevant audience.

Fast forward to the internet age and we see that geo targeting is still highly effective, but being adapted in a new way. Newspapers are on the skids after having enjoyed many decades of a local monopoly. Today, ever increasing numbers of people are relying exclusively on the internet for business search, news, information, entertainment, education. While the mechanism has shifted from newspaper to internet, the basic need of the customer is exactly the same: to locate what they need quickly and easily.

 

urlbar1Locating a service within a geographical area is achieved through two means: direct navigation, or a search engine (Google, Yahoo, MSN).

Both methods have their unique advantages. Direct navigation means typing what you are looking for directly into the address bar (as shown above). Appropriate domain extensions might be .com, .info, .biz, or .us. This is one form of geo targeting and is built on the logical City + Business concept. Such web addresses are commonly referred to as “geo targeted domain names”. The domain itself contains all of the necessary information that the online consumer is searching for.

Geo targeted domain names are high quality internet properties, and are often purchased by professionals who work and live in a particular city or state. These professionals realize that owning the geo targeted domain for their profession gives them a marketing advantage over their competitors. In short, the professional captures all of the direct navigation traffic while their competitor must promote their business with a lower quality domain name which must be supplemented by additional search engine advertising.

geodomainerThe other advantage of the geo targeted domain name is its superior clarity and descriptiveness. Geo targeted domains are easy to remember and to convey to customers … both in writing and in verbal communication.

If you are a business owner (or domain name investor), a geo targeted domain name may represent a logical acquisition for your company. A good tip for discovering the benefit of a particular domain is to enter the keyword combination (ex. Los Angeles Attorneys, or Miami Real Estate) into Google, and perform a search. Pay attention to the advertiser search results at the top of the results page and along the right side margin.

At the bottom of the right margin, is there a blue link that says “More Sponsored Links”? If so, then you know this is a highly relevant phrase, with multiple advertisers, and might be a fitting geo targeted domain acquisition for your business. For example, try typing in Los Angeles Attorneys into the Google search field and hit enter. You will find many pages of law firms and attorneys advertising under this phrase. This is because advertisers want to reach customers specifically in search of Los Angeles Attorneys.

Geo targeted domain names are frequently included in high profile auctions and listed on domain name sales sites. Sometimes, a geo targeted web address is used to display a list of local advertisers in the desired profession. At other times, the geo targeted domain will resolve to a fully functional website such as MiamiRealEstate.com, a nice example of geo targeting within the real estate industry.

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MIAMI.US on Sedo Auction

January 13th, 2009
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The domain name, Miami.us, is currently available to the highest bidder at Sedo’s online auction. Miami is a hotspot, metropolitan destination with tons of big city cachet. At the moment, the reserve price of $15,000 has been met … and only 4 days left to go in the auction.

miami5One thing is for certain, there are many wealthy residents, investors and Miami-area businesses that probably don’t even know Miami.us is on the auction block. The Miami Herald operate the corresponding .com site so one might assume they would have an interest in the outcome. Might some new online media network jump at the chance to give Miami’s millions another choice for online travel, news, entertainment, business, and social networking? We’ll see!

Speaking of Miami.us business uses, one could easily see the local real estate community gobble up this domain and launch one outstanding Miami real estate portal. Being a .US geo domain owner myself, I know the value of the .US namespace to foreign visitors who often assume that anything.us is the official web address here in the United States.

Hats off to Mr. Bruce Murray, listed as the official registrant of Miami.us in the Neustar whois registry. These are interesting times for premium domain enthusiasts. Can someone please get this auction on the 6:00 o’clock evening news? Deep pockets deserve to know.

Quick Update: Mr. Murray reports a pending Sedo sale for his CapeCod.info. He is also the owner of Anaheim.usa great city & home of every child’s vacation dream … Disneyland.

Geo domains seem to be gathering steam these days. Dubai.info was recently sold via Great Domains for $35,000.

Final Update: Miami.us was purchased for $15,000. The new registrant is Site Method Media, LLC based in Minneapolis, Minnesota. An incredible acquisition for them.

miamisky

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