DomainInformer:
When the DNS was new, domain registrations were free.
A domain owner can generally give away or sell infinite subdomain’s of their domain, e.g. the owner of example.edu could provide domains that are subdomains, such as foo.example.edu and foo.bar.example.edu.
An economic effect of the widespread usage of cheap domain names has been the resale market for generic domain names that has sprung up in the last decade. Certain domains, especially those related to business, gambling, pornography, and other commercially lucrative fields have become very much in demand to corporations and entrepreneurs due to their intrinsic value in attracting clients.
In fact, the most expensive Internet domain name to date, according to Guinness World Records, is business.com which was resold in 1999 for $7.5 million. Another high value one, sex.com, was stolen from its rightful owner by means of a forged transfer instruction via fax.
During the height of the dot-com era, the domain was earning millions of dollars per month in advertising revenue from the large influx of visitors that arrived daily. 2 long-running U.S. lawsuits resulted, one against the thief and one against the domain registrar VeriSign.
In one of the cases, Kremen v. Network Solutions, the court found in favor of the plaintiff, leading to an unprecendented ruling that classified domain names as property, granting them the same legal protections. In 1999, Microsoft traded the valuable name Bob.com for the name Windows2000.com which was the name of their new operating system.
One of the reasons for the value of domain names is that even without advertising or marketing, they attract clients seeking services and products who simply type in the generic name. Furthermore, generic domain names such as Rent.com or Books.com are extremely easy for potential customers to remember, increasing the probability that they become repeat customers or regular clients.
Although the current domain market is nowhere as strong as it was during the dot-com heyday, it remains strong and is currently experiencing solid growth again. Annually tens of millions of dollars change hands due to the resale of domains. Large numbers of registered domain names lapse and are deleted each year. On average 25,000 domain names drop (are deleted) every day.
It is high time that YOU (yes I mean you!) consider getting yourself a cheap domain name as well. You can do that at iPower.com or at the World’s Largest Registrar - GoDaddy.com but you need to do that soon.
Also Read
- How To Turn $60 Into $1000 In 3 Months With Domain Names Unusual Business Ideas That Work: Here is an interesting...
- Getting A Snappy Web Address For Your Small Business Jessica Seid: These days, you really can’t start a...
- Successful Online Home Biz Idea - Make Money Naming Domains Niche Geek: This is a great online home-based business...
- Domain Name Factor Business Week: Startups scrambling for domain names - the...
- The Convenience Of Making Money On The Internet Digital Women: A few reasons why people get into...
Subscribe 
[...] Watch for pinchers, swipers, and thieves. Sex.com was stolen from its owner using a fake transfer form, eventually costing the owner millions. Slammers, spammers, swipers, and claim jumpers will try various tricks to get a domain away from you, including fake renewal email messages or snail mail letters (e.g., Domain Registry of America scam letters). If you fall for one of these sneaky transfer forms, you may end up paying extra for a domain or accidentally “permitting” the transfer of your domains to someone else. [...]
[...] Watch for pinchers, swipers, and thieves. Sex.com was stolen from its owner using a fake transfer form, eventually costing the owner millions. Slammers, spammers, swipers, and claim jumpers will try various tricks to get a domain away from you, including fake renewal email messages or snail mail letters (e.g., Domain Registry of America scam letters). If you fall for one of these sneaky transfer forms, you may end up paying extra for a domain or accidentally “permitting” the transfer of your domains to someone else.In addition to having your existing domains hijacked through subversive transfers, there are an increasing number of reports of people having their domain ideas pinched before they can register the domain themselves. It appears that a number of domain research tools are culling the data from users’ searches, and using that data to instantly purchase the searched domains before the searcher himself can do so. So, for example, if you are using a tool to research available domains and come across a real gem, the owner of the tool you are using may swoop in and buy up the domain, thus taking advantage of your ingenuity while depriving you of a great domain. Because of this possibility, it is important that if you come across a previously unregistered gem domain, spend the few bucks right then to buy it up rather than take the chance on losing it by waiting a few minutes.Beyond pinches and swipers, you also need to keep an eye on your registrar. There are a number of reports of domain registrars being intentionally slow or unresponsive in the days leading up to a domain’s expiration so as to ensure that the domain expires and reverts back to the registrar. If you have a dispute, check with WIPO for mediation, but the best policy is just to protect yourself in the first place by having at least a full-month’s buffer when transferring registrars. [...]
[...] 18. Ten cuidado con los Estafadores y Ladrones Sex.com fue robado a su dueño usando un formulario falso de transferencia, costando eventualmente millones al dueño. Los estafadores de Internet (slammers, spammers, swipers y claim jumpers) intentarán varios trucos para conseguir quitarte tu dominio, incluyendo mensajes de renovacion falsos. Si caes en alguna de estas formas disimuladas de transferencia, puede terminar teniendo que pagar sumas adicionales por tu dominio o inclusive peor “permitiendo” accidentalmente la transferencia de tus dominios a otro. Adicionalmente a tener tus dominios practicamente secuestrados para que no te lo roben, hoy existe un número en aumento de informes de gente a la que le ha “robado” su idea de dominio antes de que pueda registrarlo. Aparecen como ciertas herramientas de investigacion de dominios que juntan informacion sobre las busquedas que hacen los usuarios, y luego usan esos datos para comprar inmediatamente el dominio antes de que tu lo puedas hacer. Así pues, por ejemplo, si estas utilizando una herramienta para investigar dominios disponibles y aparece una verdadera joyita, el dueño de la herramienta que estas utilizando puede tirarse encima de el dominio y registrarlo antes que ti, aprovechándose asi de tu creatividad e ingenio mientras te priva de un gran dominio. Debido a esta posibilidad, es importante que si ves una joyita sin registrar, gastes esos pocos dolares comprandolo mas que correr el riesgo de perderlo esperando unos minutos. [...]
Some great advice. A number of my acquaintances are making good money from domain names. Owning domain names, parking domain names, registering typos, there are many ways you can earn money from domain names these days.
Any Internet Entrepreneur worthy of the title will have dabbled, hopefully successfully, in this easy to run way to make money.
[...] for pinchers, swipers, and thieves. Sex.com was stolen from its owner using a fake transfer form, eventually costing the owner millions. Slammers, spammers, swipers, and [...]
[...] for pinchers, swipers, and thieves. Sex.com was stolen from its owner using a fake transfer form, eventually costing the owner millions. Slammers, spammers, swipers, and [...]