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Good Time to Use Godaddy for New Domain Registrations

Godaddy LogoAlthough I have pretty much consolidated my domain portfolio at Moniker, I still use Godaddy from time to time when I buy newly registered domain names. I want to share an example of when and why I believe it’s smart to use Godaddy for new domain registrations.

On occasion, I buy hand registered domain names with the hopes of quickly re-selling them to other companies or domain investors. When domain names are newly registered, they aren’t able to be transferred out of the registrar until 60 days after registration due to ICANN policy.

Godaddy is the largest domain registrar by far with tens of millions of domain registrations under their control. Many businesses use Godaddy, and many domain investors also have accounts at Godaddy. If a company doesn’t have an account at Godaddy, it’s more likely they will have heard of Godaddy than another registrar (except maybe Register.com and Network Solutions).

When you make a sale of a newly registered domain name, it’s much easier to push it to another Godaddy account (which most people have) rather than having to explain that it can’t be transferred out from another registrar. Telling someone that a domain name that they are buying for $2,000 was registered in the last 60 days may be a deal breaker.

Using Godaddy to register new domain names can make a sale go more smoothly, and that’s a reason why I use them.

Register Domain Names in Your Name

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I’ve been doing quite a bit of emailing to business owners seeking advertisements on my websites or domain sales. I have noticed that many sites only have a phone number on the contact page, which prevents me from emailing the company directly. When I encounter a website without an email address, I generally do a Whois search to find a good contact email.

You wouldn’t believe how many domain names appear to have the contact information for web developers and designers instead of the actual business owner. I am sure this is either because the developer sold a package to the business and registered the business domain name in their own company name or they just wanted to have control of the domain name so they wouldn’t have to rely on the business owner to make DNS changes…etc.

This can and does lead to problems for business owners. On a personal level, I bought a domain name at auction that was complementary to one of my developed websites. A couple weeks later, I received emails from the company and its webmaster informing me about   all of the marketing and advertising they have done for this generic domain name and asking me to sell it back. According to them, one of the designer’s employees had control of the domain name and no longer works at the company, so the name expired.

Whether it’s accidental or malicious, this type of thing happens quite a bit. Most domain investors don’t face this issue, but most domain investors know small business owners who might be inclined to do this, and there are more reasons why they shouldn’t do it than should.

Involuntary Chapter 11 Petition Filed Against Escom, LLC – Owner of the Sex.com Domain Name

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I just received an email from regarding the Sex.com domain name, which had been scheduled to be auctioned tomorrow morning in New York City. According to the email sent to me, legal action has been filed, and the domain auction will apparently not take place as previously scheduled as a result. The news was released by Mike Mann via Facebook and Twitter (see screenshot below).

Here’s the news release that was sent to me:

Woodland Hills, California – Creditors of Escom, LLC (“Escom”) today filed an involuntary Chapter 11 bankruptcy petition against Escom in the United States Bankruptcy Court for the Central District of California (San Fernando Valley Division).

Petitioners took this action to protect their interests and to maximize value for all other creditors and equity holders. The filing will stay the public auction foreclosure proceedings previously scheduled for March 18, 2010, which petitioners believe would have diminished the value of Escom’s assets.

For more information, please contact:
Lawrence Morrison, Esq.
Meister Seelig & Fein LLP
(212) 655-3582

NCAA College Basketball March Madness: $1,000 in Prizes on Brackets.com

Domain investor launches March Madness bracket selection challenge with $1,000 on the line.

Brackets.com is giving away $1,000 in cash prizes during the NCAA men’s college basketball tournament, which begins on Thursday, March 18th. You can print out an official bracket and enter to win $250 – with no entry fee.   The person who has the most points will win $250, the second place finisher will win $150, and the third place finisher will win $100.

Entrants who aren’t good at making college basketball picks can still win. Brackets.com is offering $500 to the person who refers the most valid users.   In addition, to help build awareness, Brackets.com is offering prizes for inbound links from different websites. Higher pagerank websites are worth more points, and the leading referrer will win $250, the second place finisher will win $150, and the third place finisher will win $100.

Full contest details are available on Brackets.com. The tournament begins tomorrow, so sign up today.

Brackets.com is a recently launched venture from 260.com, a domain investment company founded by Tony Peppler.

US Chess Federation Lets Domain Name Drop

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The United States Chess Federation seems to have let it’s exact match domain name expire, and it’s now scheduled to hit the Snapnames auction block. USChessFederation.com expired on February 8, 2010 and it is scheduled to be auctioned on March 18th. The auction currently has one bid.

Although the US Chess Federation uses USChess.org for it’s primary website, this domain name has been owned by the organization since February of 2000. From the looks of it, it appears that they either didn’t realize they owned this domain name or they simply forgot to renew the domain name, since they originally registered it for ten years back in 2000.

I really don’t know how someone would be able to use this domain name legitimately. It’s one thing if the domain name was USChess.com as that could be used as a website for US chess players, but this one seems too specific to be used by someone other than the US Chess Federation.

Partial List of Domain Names Revealed for Domain Madness Two

I have obtained an exclusive sneak peek at some of the domains available through the Domain Madness 2 Auction, being held from from March 16th to the 23rd. The second annual conference will feature an online auction, with a live countdown show at 3pm CDT from the Palms in Las Vegas on the 23rd. A link to the auction will be added as soon as it’s set.

From the looks of it, there are some great names up for auction, and knowing the guys running it, I would imagine the reserve prices will be reasonable. More details to come…

Partial DM2 inventory:

  • FreeMovies.com
  • Mad.com
  • GolfEquipment.com
  • Balloon.com
  • FootballUniforms.com
  • Music.net
  • InternetHistory.com
  • Strawberries.com
  • Hook.com
  • VideoRoulette.com
  • Vampires.com
  • BaseballPlayers.com
  • Holdings.com
  • TaxTool.com