Domain Name Pricing

 

Domain names aren’t as costly as you may imagine. You see, buying a domain name for your web site surely wouldn’t be too expensive. But buying domain names for your website? That’s a totally different thing. This is because a domain name, one sole domain name, will cost you only about less than fifty ($50) every year. But since you are allowed to have multiple domain names, it can then be very expensive. One company that practices this is Facebook, but only because the popular social networking site needs it both for publicity and efficiency. Having multiple domain names is available for your usage, but if your site is still at an early stage, this is not really all too advisable. Now you must be thinking, do cyber squatters pay domain names? Well, yes and no. There are many types of cyber squatters. There are cyber squatters who try to steal already existing domains, and there are cyber squatters who make domains for companies before these companies make their domain themselves, this way the company will be forced to buy the domain name from the cyber squatter – and knowing cyber squatters, the domain name will surely come with a hefty price tag.

Cybersquatting – a brief introduction

 
Cybersquatting shares the principles of real life squatters, it’s just that cyber squatters use the cyber or how you say, the internet as their world in which they squat. These cyber squatters are capable of:
1. Registering your domain name as theirs.
2. Selling your domain name in the hope of gaining profit (this is without your consent)
3. Using your domain name, again, without your consent and with the hope that they may gain some profit from this act.
Basically, cyber squatters try and steal your domain name, your trademark, hoping that it could do them well in terms of gaining revenue. This act, in general, denotes the unlawful practice of purchasing domain names that coincide with the names of existing and real space businesses, bent on the belief that they may gain profit from selling these domains to the said businesses.

Fighting a Cyber squatter

 
Cyber squatters can be a real hassle. But not to worry, because there are solutions to this problem. Two solutions, actually – namely: suing the cyber squatter under the provisions of the ACPA or the Anticybersquatting Consumer Protection Act or using an international settlement system by the ICANN or the Internet Corporation of Assigned Names and Numbers. Many users recommend using the latter rather than the former because suing under court requires an attorney and court hearings usually take a long time, unlike when using the International Corporation of Assigned Names and Numbers.
1. ICANN

  • Back in the year 1999, the International Corporation of Assigned Names and Numbers implemented the Uniform Name Dispute Resolution Policy or the UDNDRP – a policy which was made for the resolving of domain name arguments. For an argument to prevail, a few factors must be established such as:

– A domain name is identical or confusingly similar to a trademark or service mark in which the complainant has rights
– The domain name owner has no rights or legitimate interests in the domain name, and
– The domain name has been registered and is being used in bad faith.
2. ACPA

  • The ACPA or the Anticybersquatting Consumer Protection Act gives a registered trademark owner the ability to sue a suspected cyber squatter under federal court and sue the said cyber squatter in the hope of having the squatted domain transferred to its rightful owner. There are also cases in which the cyber squatters, not only give back the domain, but pay you money in damages.