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Verizon Changes Tactics: Files UDRP Complaints Instead of Lawsuits

Verizon is known to fiercely protect it’s trademarks, and they’ve done so using the US Court system in the past. In 2008 Verizon filed lawsuits against companies like Navigation Catalyst and OnlineNic citing the Lanham Act (cybersquatting ).

With its litigious reputation, I was surprised to see that the company opted to file UDRP disputes at the World Intellectual Property Organization, in lieu of filing lawsuits. As of the present time, Verizon has at least two UDRP complaints pending and a recent victory for domain names that include (among others):

  • verizoin.com
  • verizonswireless.com
  • verizonwieless.com
  • verizoon.com
  • verizopn.net
  • versizon.net
  • vewrizon.net
  • virazon.com
  • verion.com

Filing a lawsuit can be an expensive endeavor, and while federal law dictates that penalties up to $100k for each domain name may be given, the fact that respondents do not appear to be US-based may have been the rationale for using this mediation procedure rather than filing suit.

As mentioned above, Verizon won a $30+ million default judgment against OnlineNic, although it is unclear if they have been able to, or will be able to collect on this amount. Perhaps they’ve come to the conclusion that it’s not worth the time and/or effort to chase after cybersquatters in other countries. I really don’t know, but whatever the case is, Verizon remains on the hunt for potentially infringing domain names.

It is surprising to see Verizon filing UDRPs but it might make the most sense given the situation.

Sedo Releases Domain Market Report for Q2 2010

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SedoIt’s always interesting to read Sedo’s market reports because they tend to give a good overview of what’s happening in the domain investment space. With nearly $22 million in domain sales facilitated during the quarter, Sedo is in a unique position to give an overview on the health of the domain resale market.

Some second quarter highlights, as reported by Sedo include:

  • A total of 11,146 domains sold on the Sedo global domain marketplace during the quarter, showing continued growth in the domain market compared with Q2 2009;
  • Despite the introduction of new extensions, the .com remains the most popular TLD extension, accounting for more than 46 percent of total sales on the Sedo marketplace and 74 percent of all generic TLD sales; The average price of a .com domain was $2,401;
  • Among ccTLDs, the .de extension remained the most popular, accounting for 64 percent of ccTLDs sold. The .co.uk and .eu extensions both took secondplace, each representing 15 percent of sales on the marketplace;
  • Offer-Counteroffer sales are the most prominent sales type. Selling fixed price domains has become the second most popular, due to the increased usage of Sedo.com’s “Buy it Now” option.

The pdf report in its entirety can be downloaded from the Sedo website.

IHG Fought to Control Domain Names But Parks Two of Their Own Generics

A while back, I wrote about Intercontinental Hotel Group’s massive UDRP filing for 1,529 domain names that they believe infringed on some of their hotel brands. They ended up winning a large majority of the domain names in this filing, and the few domain names that I checked smartly forward to the proper IHG website (see staybridge-suites-reno.com and hotel-indigo-london-paddington.com as examples).

I was doing some domain intelligence today, and I came across something that was very surprising to me. Intercontinental Hotels Group owns at least a couple of fantastic generic domain names such as NashvilleHotels.com and SanAntonioHotels.com, yet they aren’t forwarding them to any of their own websites. Instead, they are parking them.

Sure, they are making money when a visitor clicks on one of their competitor’s links, but they are losing potential customers. According to the IHG website, there are 32 hotels within 30 miles from San Antonio and 18 hotels within 30 miles from Nashville. With all of these hotels, you’d think they would at least try to drive dollars instead of earning pennies (and even paying for their own traffic since Holiday Inn is a PPC advertiser and a IHG hotel).

I don’t understand why the company would park these names instead of forwarding them to the IHG main reservation website. It doesn’t seem to make sense that they would meticulously forward the UDRP-won names to the proper place, yet they haven’t done anything with these two great generic domain names.

PS, if someone from IHG reads this, I would love to buy these domain names. You know how to contact me.

Steps to Building Out Bahamas.co

Just a quick   evening post to let you know where I am at with the development of Bahamas.co and the steps I’ve taken so far. I want to show you how development doesn’t have to be time consuming.

1) Posted a coming soon page on Bahamas.co and submitted it to Google Webmaster Tools. It’s nothing fancy, but I figured that I might as well put up a placeholder for now. As you can see, it’s already been indexed in Google.

2) Held a logo design contest on 99Designs.   I invited some designers I thought did quality work, and others participated as well. Hey – why don’t you take a minute and vote for your favorite logo?

3) Found a few templates I like on ThemeForest.net, which will be modified and customized to my liking. I don’t have much time to get the site live, so the custom option is going to have to wait. I plan to have a travel search function eventually, but for now a template is going to have to suffice.

4) Did some research to see what people are looking to find when looking for information about the Bahamas and wrote down a list of article topics. There are roughly 40 article topics in total.

5) I posted a job listing on eLance asking for writers to create a proposal for the aforementioned articles, which will need to be sent to me within 2 weeks. All articles need to be custom written and come from at least 2+ sources (with citations in the event there’s ever an issue). I then selected the most cost effective proposal.

One I have the articles written for me, the logo chosen, and the template modified, I will begin the time consuming process of loading the articles onto the site. I will then build a XML sitemap, submit it to Yahoo and Bing, and hopefully start gaining some traction.

At the beginning of 2010, I promised myself there wouldn’t be any additional development projects this year. Having the opportunity to build and own Bahamas.co was too good to pass up, and it is going to launch in a couple of weeks.

Rick Schwartz Floating TRAFFIC Without Sponsors Idea

I received an email from Rick Schwartz this morning with the subject, “BIG News from T.R.A.F.F.I.C.” and I immediately read the email.   Rick and Howard are expecting a big show in Florida in October (I am not surprised about this), and they are already discussing the format of TRAFFIC in 2011.

According to Rick’s email.

“In 2011, T.R.A.F.F.I.C. is strongly considering the possibility of having a “Non Sponsored” event. That means NO SPONSORS! Domainers only. The purpose is to keep the advertising and commercial part out and the ideas in.”

First off, I dig the idea of the more relaxed conference. I’ve hosted a few get togethers in New York, and because the crowd is made up of from anywhere between 15-35 people, it’s very relaxed and cordial. We haven’t had many sponsors for the events and that is usually intentional.

I think there will be a few big issues with doing a non sponsored event and I hope it doesn’t happen.

Most companies will still send representatives to meet with clients who attend the show. Right there, the idea of a non-commercial event is kind of thrown out the window. Even if Rick and Howard would try to limit the event to domainers and exclude larger companies, that would prove to be a difficult challenge in and of itself since many domain investors have become providers of some sort.

If sponsors are let in without booths and/or event sponsorships, it’s still going to be commercial, except sponsorship revenue won’t be there. This brings me to my next point. TRAFFIC is already known as the most expensive domain conference. The current rate for South Beach is $1,295, which is double what DomainFest costs (Howard corrected this in the comments). Without sponsors to defray some of the costs, I can only imagine the price increasing. Nearly every company is either facing cutbacks or not spending more, and a price increase or a smaller conference would probably keep attendance very low, which in turn would dissuade fence sitters from attending.

One of the reasons I think DomainFest has been so successful is that domain investors want to meet with their account representatives face to face at least once a year. Oversee has very long tentacles when it comes to the domain space, and they have thousands of clients in their lines of business. Having a personal relationship with certain account representatives is very important in a business like this, and attending DomainFest is that opportunity to meet with account reps in addition to other domain investors. Without the commercial sponsorships, it’s one less reason to attend.

I realize that many people who have been in this business for a while remember DeanFest (the first real conference), and most would relish the opportunity to relive that experience. Unfortunately, this business has grown so much over the years that reclaiming the old days is as likely as going to a college reunion hoping to relive the college experience of staying out drinking until 4am. Unless you happen to be Gregg McNair, you probably won’t be doing that and will wake up the next morning with a massive hangover.

Times have changed. Domain investing has become a larger industry in and of itself. New people have entered the space, and it’s not as collegial as it once was. The growth of domain investing has made a lot of people very wealthy, and there are plenty of negatives that come along with this. I don’t think having an unsponsored TRAFFIC event will draw a big crowd, and I think it could hurt the TRAFFIC brand.

DomainMarketplace.com Launched by Internet REIT

I haven’t heard anything from or about Internet REIT in a while, but I received an email this afternoon from Lisa Box who is Vice President of Sales for iREIT. Lisa wrote to let me know about the launch of DomainMarketplace.com, a website that has iREIT-owned domain names for sale:

I hope this email finds you well.   I wanted to let you know we have recently launched www.domainmarketplace.com! Here you can search the iREIT inventory and buy directly from the site.   We are still testing…”

If you don’t know about Internet REIT, you can learn more about the company on its LinkedIn page. They received funding from Maveron, were a big buyer of domain names a couple of years ago (I see several names I previously owned in this new website), ran into trademark issues, and their domain names receive millions of visitors each month.

DomainMarketplace.com has domain names priced from as low as the $50 range all the way up to 7 figures for OfficeSupply.com and Netster.com. It looks like they would also consider offers on their domain names as well.

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