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

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

#91

Post by blowski »

proksoup wrote: post #36
ca98am79 wrote: post #26

Earlier quoted context omitted.

Haha yes - that's my new religion based on consciousness. I thought there needed to be more innovation in religion, so I started one

As far as religions go it doesn't seem too bad at first glance. I like it. My current favorite quote about religion is from the pianist Seymour Bernstein (in the latest Documentary about him, from Ethan Hawke, titled "Seymour: An Introduction): "I don't call it god, I call it a spiritual reservoir. Most people don't tap that resource of the god within. What upsets me about religion is that the answers always seem to…

GK Chesterton:

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

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

#92

Post by n0us »

rtb wrote: post #86
20years wrote: post #35

I don't understand some of the negative comments here. This guy built a million dollar business in a year providing a service that people want to pay for. He did it all on his own with no other co-founders or employees. I say "Congrats!"

> This guy built a million dollar business in a year providing a service that people want to pay for... I say "Congrats!" More like, this guy built a million dollar business that arbitrages the DNS renewal system by squatting desirable names that he has no plans to use, then rent-seeking from those who do want to use the names. This is not a value-creating enterprise, but a zero-sum trader making money by taking it f…

Don't hate the player, hate the game.

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

#93

Post by opendomain »

jondot wrote: post #64

I might get downvoted for this, but here's a story. We just finished picking a brand name, after 2-3 months of intensive work. Being fond of .io's I naivly googled my .io, and found that park.io owns it - this happened last week. I immediately sent an email to inquire. We considered the price, and then when I came to buy it today, a week after, the price is tripled. This was a fixed price domain, NOT bid. That's clev…

This looks like cybersquatting and may be illegal.

Please note: I said it MAY be illegal. There are very special rules when it comes to domains. Some people have a legitimate reason for 'holding' a domain. On quick glance, this looks like a legitimate concern.

I am the founder of OpenDomain and we fight cybersquatting - contact me if anyone needs help with domain issues like this.

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

#94

Post by ivm »

proksoup wrote: post #36
ca98am79 wrote: post #26

Earlier quoted context omitted.

Haha yes - that's my new religion based on consciousness. I thought there needed to be more innovation in religion, so I started one

As far as religions go it doesn't seem too bad at first glance. I like it. My current favorite quote about religion is from the pianist Seymour Bernstein (in the latest Documentary about him, from Ethan Hawke, titled "Seymour: An Introduction): "I don't call it god, I call it a spiritual reservoir. Most people don't tap that resource of the god within. What upsets me about religion is that the answers always seem to…

> The externality, taking someone's individuality and telling them that it's something apart from them, that they don't control it, is also my largest concern with religion and the thing that needs to innovated on.

The Buddha innovated on it 25 centuries ago. It didn't prevent people from just praying to him when his philosophy got popular.

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

#95

Post by [deleted] »

icebraining wrote: post #74
adam12 wrote: post #63

Earlier quoted context omitted.

This hasn't happened to me, but it would be pretty crappy to find out you lost your domain because the script that your domain registrant uses to renew your domain name is slower than park.io's script.

It doesn't work like that: Once your domain has expired, it will be in Auto-Renew Grace Period (for 0-45 days), followed by a 30-day Redemption Grace Period. At the end of the Redemption Grace Period, you will not be able to renew your domain name. Your domain name will be released for registration by third parties. https://www.icann.org/resources/pages/expired-2013-05-03-en For example, daily.sh will be available on…

[deleted]

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

#96

Post by [deleted] »

rtb wrote: post #86
20years wrote: post #35

I don't understand some of the negative comments here. This guy built a million dollar business in a year providing a service that people want to pay for. He did it all on his own with no other co-founders or employees. I say "Congrats!"

> This guy built a million dollar business in a year providing a service that people want to pay for... I say "Congrats!" More like, this guy built a million dollar business that arbitrages the DNS renewal system by squatting desirable names that he has no plans to use, then rent-seeking from those who do want to use the names. This is not a value-creating enterprise, but a zero-sum trader making money by taking it f…

[deleted]

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

#100

Post by nugget »

giarc wrote: post #82
shostack wrote: post #71

Earlier quoted context omitted.

Might I ask why you are trying to cash out so quickly? Do you not feel the business is sustainable?

Everyone's motivations are different, but seeing as though domains are always going to become available, it seems like a cash cow that requires minimal upkeep.

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 premium domains they were able to drop catch early, which seems to be what he is doing also (& kudos to him for what seems to be excellent tactical execution) - but the drop catching service itself has steadily less value over time and of course, even in the absence of competition from peers, is wholly dependent on the .io registrar's particular rules regarding drop catching which can change at any time.
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