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Park.io – automating tasks to make $125k per month

indiehackers.com

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Re: Park.io – automating tasks to make $125k per month

#151
post #91

Earlier quoted context omitted.

GK Chesterton: > That Jones shall worship the god within him turns out ultimately to mean that Jones shall worship Jones.

Yes, this is not good? Better than the alternative?

I can see why a reasonable person would downvote my reply, it's short and adds no value.

I don't know what else to say until I know where you're coming from though, I'm honestly asking what do you mean by that quote?

Re: Park.io – automating tasks to make $125k per month

#152
post #118
post #100

Earlier quoted context omitted.

He cloned a business model known as drop catching that has been around for a long time with other TLDs most notably for .com domains. If you look at how those markets evolved, there is an initial burst of profitability and then intense competition which leads to commodification and margin compression, which is what I predict will happen here as well. The smartest operators made most of their money by selling off the…

Exactly, which is why the asking multiple is too high. Fragile model with declining future revenue

3x profit is a pretty standard multiple.

Re: Park.io – automating tasks to make $125k per month

#153

Earlier quoted context omitted.

Hi sorry this happened - most likely it is owned by a park.io user and they can set the price to whatever they want. Feel free to reach out support@park.io and I will see if I can help

Since you're here, maybe you could help us all understand your business better? 1. You are not getting .io names at a discount from nic.io? No insider deals/information? 2. The Only advantage you have at acquiring an expired domain names at nic.io is your propriatiatry program. A program that is just faster at buying these expiring domains--just faster than your competition? 3. You only know when a .io domain name is…

I'm guessing it works like stock market bids from high-frequency traders?

They've bought up the closest server they can to the bid receiving server at the registrar and/or they send their purchase request before the domain becomes available -- accounting for the network latency -- so that their bid gets there at the exact millisecond that the domain drops.

My personal domain drops at 2018-0X-0YT00:00:00Z, then IIRC it takes 75 days for it to be cleared. So presumably if your request for that domain arrives at 1 microsecond after midnight on that date then you "win" it.

Surely there's no secret sauce beyond that?

Re: Park.io – automating tasks to make $125k per month

#154
post #49

Earlier quoted context omitted.

I'm using Ember FastBoot to render the site on the server, so it's not quite static. For some reason it's throwing lots of errors and dropping requests right now, even though it didn't when I launched Indie Hackers on HN last month and had about 3x as many requests/second. Frustrating. Anyway, I'm in the process of just moving it from Elastic Beanstalk to serve it from S3 via CloudFront directly. Waiting for the Clou…

Good luck, though it looks like you're making good progress already. Last time I had to wait for CloudFront I sat there thinking "this would be a real pain if I actually needed it now..."

Yeah CloudFront took FOREVER to spin up, then it gave me some arcane AccessDenied error that I couldn't easily debug. Ugh.

Re: Park.io – automating tasks to make $125k per month

#155
post #88

Earlier quoted context omitted.

Squatters are the ultimate douchebags of the Internet era. I there should be some sort of tax for squatting a domain name. I.e first 10 domains names are cheap then they get expensive.

If ICANN charged $5 a month for all domains perhaps it would not be so lucrative to sit on domains. Though it would still be profitable for some domains. The money could pay for ICANN or whatever.

>The money could pay for ICANN or whatever. //

ICANN seemingly just keeps a very simple database of domain owners. Reportedly their revenue last year was > $200 million. I'm sure they produce lots of interesting documents too but they appear to be minting it already.

Re: Park.io – automating tasks to make $125k per month

#156
post #88

Earlier quoted context omitted.

I think it has more to do with the fact that we've all wasted countless hours cycling through domain names only to encounter landing pages from squatters like park.io.

Squatters are the ultimate douchebags of the Internet era. I there should be some sort of tax for squatting a domain name. I.e first 10 domains names are cheap then they get expensive.

why not something like this: Every domain sold would be for the same price (10 per year or whatever), no secondary markets or private deals.

Re: Park.io – automating tasks to make $125k per month

#157
I find it shocking that you would post on HN; "Hey guys, I make $125k/mo making other peoples lives harder".

Given the way your current infrastructure is configured (vulnerabilities and all)... somebody could probably cost you ~$30-70k/mo in AWS resource utilization at a cost of ~$600/mo. The moment you park on the domain of someone who shares your internet ethics, that will be an interesting day for you.

Re: Park.io – automating tasks to make $125k per month

#158

Earlier quoted context omitted.

Yes, this is not good? Better than the alternative?

I can see why a reasonable person would downvote my reply, it's short and adds no value. I don't know what else to say until I know where you're coming from though, I'm honestly asking what do you mean by that quote?

It means that there isn't a sublime/perfect id/being/spirit at the core of us, just the same flawed person as is on the outside. So a religion or philosophy of trying to worship or obey some inner perfection ultimately just means doing whatever you feel like, which isn't a good idea let alone worth proselytizing.

Re: Park.io – automating tasks to make $125k per month

#159

Earlier quoted context omitted.

I can see why a reasonable person would downvote my reply, it's short and adds no value. I don't know what else to say until I know where you're coming from though, I'm honestly asking what do you mean by that quote?

It means that there isn't a sublime/perfect id/being/spirit at the core of us, just the same flawed person as is on the outside. So a religion or philosophy of trying to worship or obey some inner perfection ultimately just means doing whatever you feel like, which isn't a good idea let alone worth proselytizing.

I feel it's worth proselytzing in the context of counter balancing the movements which imply some other idea is worth worshipping.

It seems like a step up, from worshiping one's priest to worshipping ones self, and maybe after that we (those that see the error in both) can have adult conversations.

Re: Park.io – automating tasks to make $125k per month

#160

Earlier quoted context omitted.

If ICANN charged $5 a month for all domains perhaps it would not be so lucrative to sit on domains. Though it would still be profitable for some domains. The money could pay for ICANN or whatever.

>The money could pay for ICANN or whatever. // ICANN seemingly just keeps a very simple database of domain owners. Reportedly their revenue last year was > $200 million. I'm sure they produce lots of interesting documents too but they appear to be minting it already.

> I'm sure they produce lots of interesting documents too but they appear to be minting it already.

ICANN is a non-profit organization, they are definitely not "minting it". Feel free to look at their financials and complain:

https://www.icann.org/en/system/files/files/adopted-opplan-b...

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