People often say you shouldn’t develop a domain name just to develop it. You should either have a passion for the topic or have knowledge about the industry, as a development project is difficult, and if you don’t enjoy that business, you are going to have regrets. While that advice may be 100% accurate, I think high value domain names need to be secured, and it appears that development may be the best way to secure them. After the recent LH.com UDRP decision, I would advise people to develop the domain names they can’t afford to lose via UDRP.
Yes, the chances of losing a name via UDRP are still arguably slim, but with each decision like the LH.com decision, it becomes easier and easier for companies to cite other similar cases when they file a UDRP for a generic domain name. I do understand the difficulty of developing all of your domain names if you have hundreds of names. I would argue that if you do have hundreds of domain names, you are probably at the greatest risk of losing your names – even if they are generic. In fact, the LH.com decision cited:
“…Respondent’s business model involves the indiscriminate acquisition and use of as many such domain names as possible. The traditional analyses of the rights to or legitimate interests element should not apply in gross when a registrant is not seeking to use any particular domain name to conduct business, is not otherwise known by that name, and has no interest in the nature of the transferor’s rights there from.“
Trust me, I know how hard it is to develop domain names. I haven’t started soliciting advertisers for Lowell.com, and as such, I am only making a few dollars from the hotel and job boards at the moment, but I know with optimization will come advertising dollars. This is a full scale business I have developed, rather than just a developed domain name. There are plenty of options out there to develop where you don’t need to spend a ton of time or money. If I had more high value domain names, I would be developing all of them quickly.
Incidentally, check out Salinas.com to see a site that was fairly quickly put together. Maybe I could generate a little more revenue if it was parked, but as it is, I have closed close to 25 hotel reservations in less than 2 months, have generated good revenue from the job board, and have a nice deal with the photographer. Once I develop the domain name more fully (in a couple of months), it will look even better.