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Domains outbidding

Started by seanmarshall, Nov 07, 2022, 01:27 AM

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seanmarshallTopic starter

In my opinion, the resale of domain names should be eliminated as it harms the internet. Simply holding onto a domain name with no intention of using it and inflating prices is unethical.

To address this issue, I propose two solutions for domain registrars:

1) If a domain name remains unused for a year despite payment, it should be taken away from the owner and put in free access.

2) In cases where a domain owner puts up a business card on a site but still does not use it, they should be required to have at least 50 unique visitors per day. If they fail to meet this requirement, their rights to the domain should be revoked and the domain put in free access. This ensures that domains are actively used and benefit society.

Additionally, the cost of holding onto domain names for resale should be increased. While it may be easy for SEOs to reach a daily audience of 50 unique visitors, new rules should be implemented until a better solution can be developed. It's important to take action against unethical practices in the industry rather than simply ignoring them.
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Zora2012

I can guess, TS, that you recently attempted to start a profitable business. You chose a unique domain name, hired a freelancer for a logo, and when you tried to register the domain, it was occupied and being sold for a price much higher than expected. This experience left you feeling frustrated and disappointed.

However, domain occupation and resale is a legal business that cannot be eliminated by one person alone. This type of activity may not impede the success of those with a better understanding of the industry.

One approach to address this issue is to do adequate research on domain availability before committing to a name for your business. You can also consider using alternative domain extensions or tweaking your chosen domain name slightly to make it unique. While it may be frustrating to encounter domain resale, it's important to remember that it is a legitimate practice in the industry.
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BarryV

Domain purchase and resale is a popular and cost-effective method of earning money from domain names. To begin, you must search for a domain that will be appealing to potential buyers and has the potential to increase in value over time. Once you've identified a suitable domain, simply register it and wait for its value to appreciate before selling it for a profit.

The best part? You only need a small amount of capital to get started. For instance, you can register a .XYZ domain for as little as $2 (regular price: $20). This makes domain resale accessible even to those with limited funds.

However, it's important to note that domain resale requires a certain level of expertise and strategy to be successful. You must be able to identify valuable domains, predict market trends, and negotiate effectively with buyers. With enough knowledge and effort, though, domain resale can be a lucrative business opportunity.
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ovlyi

The idea that people can just grab domain names and then sit on them, waiting for prices to inflate, does seem quite unethical. It hurts not just individuals looking to start their own projects, but also the overall innovation on the internet.

Your first solution is intriguing. If a domain name is unused for a full year, it would make sense to free it up for others who might actually use it. I mean, why should someone who isn't utilizing the domain get to keep it? This approach could help ensure that desirable domain names don't just sit idle, and more people could have the opportunity to establish their online presence.

The second proposal about requiring a minimum amount of unique visitors is a bit more complex. While it could encourage owners to put in the effort to draw traffic to their site, the challenge is defining what "active use" really means. Some businesses may not get a lot of daily visitors but may still provide valuable content or services. There might also be cases where a small startup takes time to grow. Forcing a 50 unique visitor per day rule could unintentionally stifle small, developing endeavors.

I also agree that the cost of holding domain names should be revised. Higher fees could act as a deterrent for those who are just speculating on future value without any intent to develop the domain. It's a fine balance to strike between encouraging innovation and preventing hoarding.
The current state of domain ownership does have its flaws, and proactive measures are definitely necessary. Your ideas show a deep understanding of the problem and a genuine care for promoting a healthy internet environment. Such regulations, if implemented thoughtfully, could really transform how domains are managed and used, leading to a more vibrant online community.
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