Domain Industry News

No More 60 Day Transfer Policy at Godaddy?

GoDaddy May Have to Stop ’60 Day’ Transfer Policy

According to DomainNameWire.com, Godaddy may be forced to eliminate their 60 day transfer prohibition policy enacted when a client changes Whois information.    ICANN’s new advisory, in the public comment state for the next 30 days would appear to prohibit Godaddy’s policy:

“1. Registrars are prohibited from denying a domain name transfer request based on non-payment of fees for pending or future registration periods during the Auto-Renew Grace Period
2. A registrant change to Whois information is not a valid basis for denying a transfer request.”
— Source: DomainNameWire.com

I’ve always found this policy to be an annoyance.    I shouldn’t have to keep my domain names at Godaddy simply because of a change in Whois contact information.    I understand the 60 day policy pertaining to new registrations because I should register my domain names at my registrar of choice, however, when buying domain names in the aftermarket, I am not given my choice of registrar.    

Just as Andrew (the editor of DomainNameWire.com) stated, I was also able to contact my Executive Account Manager at Godaddy to request that the policy be lifted for individual domain names.    They were always willing to accommodate me, but it was annoying to have to take this extra step.

Televisions.com – A Steal at $215k

Televisions.com Tunes In $215,000 In the Week’s Top Reported Sale

Televisions.com sold for just $215,000 according to the newest addition of DNJournal.com‘s weekly sales report. This is a great price for the buyer, as I believe this name was worth well over half a million dollars. Recently, Cameras.com sold for well over a million, and I would value this name similarly. My only reasoning for the low price is that people might be searching for TVs rather than Televisions. Although television margins aren’t huge, I think the new owner could open up a tv store without open box inventory. The price paid is much less than what it would cost to open a television business in a typical shopping mall, and the reach is far greater with Televisions.com.

NBA Team Buys Bobcats.com for $50k

Basketball Bobcats get shorter name from wildlife breeder

Barbara Roe, bobcat breeder and owner of Bitterroot Bobcat and Lynx, of Stevensville, MT., sold the NBA’s Charlotte Bobcats her Bobcats.com domain name. The team had been inquiring about it since 2004, but she rejected their offer of just a couple thousand dollars.

Realizing how much traffic they were losing by using BobcatsBasketball.com for the past few years, the team and Roe reached an agreement to sell the name for $50,000 – a bargain price, in my opinion. Although the owner couldn’t have monetized the domain name for basketball or tickets without infringing on the rights of the NBA Bobcats, the name was probably worth much more to the Charlotte Bobcats than to Bitterroot Bobcat and Lynx. This is a good deal for the buyer.

Industry Wide Price Increase

I just received an email from Moniker notifying me of the price increase on domain names. On October 15, 2007, the price of registering .com and .net domain names is increasing by $.50. While this 7.2% price increase may not seem too bad, it can add up depending on the size of a person’s portfolio. I haven’t received an email like this from other registrars, but I imagine everyone will be in the same boat.

“INDUSTRY WIDE PRICE INCREASE – OCTOBER 2007

As you may (or may not) have heard, there will be an industry wide price increase on October 15th 2007. .com and .net prices are going up approximately $.50 each. If you own domains that you’re looking to hold onto for long term, save money by renewing and/or registering today!” — Source: Email from Moniker

Ignorance is no Excuse

Candidates locked in name game over Web domains

I’ve been seeing quite a few articles about politicians buying the domain names of their opponents, but I haven’t seen something as blatant as what the lady in the aforementioned article has been doing. The lady apparently believes that she can buy the domain names of realtors, doctors and other professionals in the hopes of selling to them for a profit. I think this is a case of ignorance more than anything else, but it certainly isn’t right. This is straight-up cybersquatting.

As domain investing becomes more mainstream, educating new investors is going to be important. I believe it is the job of the registrars’ to educate their buyers. Companies like Godaddy have gone mainstream, but I believe they are failing to educate their consumers. You wouldn’t leave out seatbelts in a Ferrari, so registrars should educate their buyers on the laws of cybersquatting and the penalties they could bring. As I said in this post, consumers should have “to check off a box acknowledging that they are aware of the Lanham Act and its penalties before every registration.

Someone needs to give this “domain reseller” a clue.

Introducing Hulu

News Corp, NBC Universal To Name Online Video Venture ‘Hulu’

A few months after announcing they were planning a video sharing website as a possible rival to Google.

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