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Global brand protection powerhouse MarkMonitor recently released survey results revealing the intentions of their corporate clients with respects to new gTLDs (see survey here).
After reading the report, it’s fair to say that I’m not surprised by the results, but continue to be frustrated by them. Where are all of these forward thinking and revolutionary online marketers and brand managers? Are they so unaware of the opportunity that has been placed before them or are they just being very savvy?
Whilst 22% of the 97 respondents stated their intention to apply—that’s 21 for those madly reaching for a calculator, a whopping 55% (53 respondents) were ‘unsure’ as to their intentions.
Given the likelihood that ICANN will shortly be providing some long awaited clarity around application dates for the new TLD program (looking more and more likely to open in Q1 early 2011) it is disappointing that such a large number of corporate organisations are still undecided as to the direction they intend to take.
I fully appreciate that with the limited clarity on how to effectively utilise it, public support for the .brand TLD concept has been lacking. However look closely and it screams out to be heard, this is an amazing, one of a kind, opportunity for brand owners to make a huge statement of leadership, innovation and a commitment to the digital space.
Sure, I can hear the trademark attorneys sitting up in their chairs, ready to fire their arguments that the corporations of the world are the ones most severely impacted by this new TLD program and that the large brands have been victims of fraudulent activity both online and offline for years.
I hear you and the ICANN community hears you… your case has been well made over the last few years within ICANN circles discussing the policies for the new gTLD program.
However, at least in my slightly biased view, this is the one time where organisations have the opportunity to ‘redefine’ themselves and rise above the noise cluttering their online messages and build a new home where consumers can begin to easily identify and trust you again.
I agree that brand holders shouldn’t have to go and register their names in every new TLD. However, what I’ve been suggesting to a number of trademark holders around the world is that there is a different way at looking at this program that can seriously benefit your organisation.
Surely some of the millions of dollars you spend each year in protecting and promoting your brand could be used to take it to the next level (and perhaps open yourself to strategies that might actually reduce your expenditure in years to come)?
One can only assume the rationale behind the lack of announcements and/ or the apparent indecision is the result of either one or a combination of the below reasons;
All these points are entirely valid and depending on the organisation, could shape the decision on whether to apply or not in early 2011.
However, organisations can no longer afford to be complacent regarding application timeframes. ICANN have specifically stated that they will ‘continue with the current implementation plans leading to the launch of the New gTLD Program’ (see announcement here) and have made significant inroads into the Final Applicant Guidebook which is currently slated for an October or November 2010 arrival.
Examination of the most likely path forward therefore indicates that the program is due to begin accepting applications sometime in Q1 or early Q2 next year and it’s important to note that there is a limited 45 day window so those that don’t submit their application and miss out may be waiting for quite some time for another opportunity and risk being disappointed.
For many organisations, these timelines represent a significant challenge. Whilst it all sounds easy, there is significant time required to educate and motivate key stakeholders to take this innovative step as well as find the right partners to help you with the necessary application and registry services.
MarkMonitor’s conclusion from their research is the same as mine - Given the significant amount of work required for a new TLD application and the obvious necessity to obtain buy in from internal stakeholders, the time to begin these discussions is right now.
I for one can’t wait to watch this unfold.
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