Domain investor and broker, Ali Zandi, has taken investment risks before; he often shares his successes and failures as part of his commitment to transparency.
In a recent exchange on Twitter, Zandi stated he had just dropped more than 1500 domain names:
“The PURGE: 1500+ domains…
#deleted. Feels good. Can you guess the TLD?”
Wow.
More than 1500 domains, from a single TLD, the mind boggles.
The guesses about which TLD it was, poured in:
Was it .CC ? Nope.
Maybe .WS ? Nah.
Perhaps .CO ? Not really.
The correct answer was, .XYZ :
“Yup. 0.99$ deal alright & 1 premium. LLL.xyz started selling well, I picked up 1500+ CCC chips.. LE FLOP.”
And hereby lies the problem with “penny” domains and their promotions: they devalue the TLD or gTLD they represent.
While Ali Zandi can “eat” the loss, other domain investors eager to put all their eggs in the same basket might not be so lucky.
