I Registered Some Bad gTLDs
Being fairly new to the domaining world, and having never participated in buying domain names during the launch of a new top level domain, I committed a very big rookie mistake. Seeing that many dictionary words are available for each new gTLD, I immediately thought I should jump at the opportunity to purchase these names, simply because they were one-word dictionary words. The problem is that costs will add up fast – there are almost a limitless supply of domains that one can purchase, and if not controlled, one can end up spending tens of thousands of dollars on otherwise worthless domains. These are domains that will never sell for more than their registration fee.
I have so far successfully registered around 30 domains, which is actually less than the amount of new gTLDs that have come out. This number could have been much higher had I not caught myself early on and started to really evaluate each domain that I was considering to buy. It also could have been higher had there not been other (assumed) “rookies” who registered mediocre names at other registrars and ended up getting them. I literally sat hoping that some of the names I pre-ordered would be refunded because someone else got them (some registrars do not allow pre-order cancellation). Of the ~30 that I own, maybe 10 are good names that I will keep. The rest I will let drop at renewal time.
This was a lesson learned, but luckily I learned it early, before I wasted thousands of dollars. Hopefully, others will also come to the realization that unlike a generic extension like .com, the majority of new gTLDs are very specific and therefore have very few possible good names (and of those possible names, very few are not reserved or blocked by the registry).