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Domain Impact of the Weak Dollar

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canadian-flag.jpg

Back in the 1980s when the US economy was facing tough times and the dollar was weak against Asian currency, the Japanese swooped in and purchased a tremendous amount of New York City real estate. They realized that they could buy valuable real estate at a fraction of the real value. Once the dollar rebounded in the 1990s and US investors like Donald Trump began buying it back, many Japanese real estate investors made a fortune. With the recent currency woes facing the US dollar against the Euro and Canadian dollar, I believe we may see the same thing happen to domain name assets. Foreign investors now have the advantage of stronger currencies against the the US dollar, and they can afford to go on a domain spending spree.People may counter this theory by saying that because PPC payouts are made in US dollars it wouldn’t be a good deal for foreign investors to buy domain names. Do these people think that when the Mitsubishi Estate Company of Japan bought the Rockefeller Building in New York City, rent was paid to them in Yen? I am sure rent was paid in US dollars, and they were happy to buy this US property jewel at a discount.While the Euro is strongest against the US dollar, I don’t believe Europeans will be the most active buyers. There are too many European extensions that are popular (.uk and .de for example), so they may not take full advantage of the discounted US prices.I believe the spending spree will start north of the border in Canada. Some of the most prolific domain investment companies reside in Vancouver, British Columbia. Since Canada is so close to the US and .com names are certainly common in Canada, I predict the Canadians will be the biggest buyers of domain names while the dollar is weak. For the first time in 31 years, the Canadian dollar is on par with the US dollar, and it has grown 62% since 2002. Canadians are proud that their economy seems to be outperforming the economy of their US counterparts. What better way to show their economic advantage than buying property? Instead of just a real estate boom, I foresee a virtual real estate boom, and our friends north of the border could be leading that charge.

Generic Domain Names For Sale

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I am selling a few domain names at great prices. Send me a message to purchase:

WashingtonDoctors.com
WashingtonDoctor.com
Pair: $10,000

NewJerseyDoctor.com – $5,000

LitigationAttorney.com
LitigationAttorneys.com
Pair: $9,000

WateringHoles.com – $5,000

Morissa.com – $850

PlasticSurgeryWebsite.com – $750

CondominiumLoan.com – $500

TelemarketingSite.com – $250

All names are registered at Moniker for an easy push.

Paypal Security Key

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A few months ago, Paypal introduced the Paypal Security Key to help prevent account theft. The security key is a device that generates 6 number code every 30 seconds. Once you have the key, you will type this changing code into your account along with your Paypal password. I think this is essential for anyone who uses Paypal. I know this is obvious, but just remember not to tape your account name to the keychain!

It would be great if a company like RSA came out with a security keychain that allowed you to sign up all of your various accounts (banks, registrars, email accounts…etc) requiring passwords. I believe consumers would be in favor of this, but it would take a huge effort to get companies on board. If you find the Paypal keychain useful, why not contact some of the companies you do business with and ask them to look into a security keychain for their company.

No More 60 Day Transfer Policy at Godaddy?

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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.

LexisNexis Unveils Guide to Domain Name Law

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LexisNexis ® Launches Essential New Guide to Domain Name Law

LexisNexis, the leading legal information database, launched a new guide focused on domain name law.    As domain name ownership becomes more mainstream, it has become essential for attorneys to be knowledgeable about various aspects of domain name law.    From trademark owners protecting their rights to domain name owners protecting their valuable assets, legal representation is more important now than it has ever been in the past.

Some topics covered in the new guide include:

“Formal and informal dispute procedures, with analysis
Extensions currently associated with each jurisdiction
Registry contact information
Access to lists of known accredited registrars
Registration and transfer processes and procedures
Renewal terms and processes
Chapter appendices setting out forms, registry policies, examples, and other hard-to-find, practical information
Thousands of direct links to domain registries and other important sources of information on the Web”
— Source: DomainInformer.com

While this information will be invaluable to lawyers who are new to the field of domain name law, there are a few experienced lawyers who I can either personally recommend, or I have heard positive things about from others.    A few well-known and respected domain name lawyers are listed below with their website contact information:

John Berryhill
Brett Lewis
Howard Neu
Stevan Lieberman
Ari Goldberger

Welcome to the Domain Blog World, Afteric DLS!

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Looks like there’s a new entrant into the world of domain blogs! Launched on September 18, the Afternic DLS blog will provide “news about Afternic, BuyDomains, and AfternicDLS, the world’s largest domain listing service.” These Namemedia properties have been growing over the past year plus, and I hope the blog will offer some industry perspective from some of the sales leaders.

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