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Anyone here a domain investor?

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Let me break down a little bit the purpose for my question. I wanted to get inside the head of someone who is a domain investor to try and understand more about how they work. True everyone is different but I think it would be helpful to talk to someone who is into this. 

Situation is that someone has the .com version of my site and wants unholy, ridiculous, insane amounts of money for it. I am trying to consider my options and maybe figure out if I have a chance at getting this guy to budge. He has 500+ domains already.

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I equate domain "investing" to patent trolling. 

I have some domains registered which aren't in use currently, but I aim to use eventually. 

I don't buy domains explicitly for the purpose of preventing others from using them and trying to resell or exploit them for profit. 

Edited by Makoto

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Different names for this, one of them is Cybersquatting.

Cyber squatting is the act of registering a domain name with the purpose of getting monetary benefit from the trademark belonging to someone else. Usually cyber squatter registers a domain name for a business or trademark that belongs to someone else and later on tries to sell it to the actual owner of business/trademark at hefty profit. Sometimes cyber squatter also puts up derogatory remarks to defame the business. This trend of cyber squatting started in late eighties or earlier nineties when the concept of internet was catching up and not many businesses had online presence.

I like some purchase different variation of my domains, there are some however that have a .com which looks like it's just parked and doing nothing. And you just know they will try to sell it for stupid amounts of money.

Edited by Dean_

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1 hour ago, Dean_ said:

Different names for this, one of them is Cybersquatting.

Cyber squatting is the act of registering a domain name with the purpose of getting monetary benefit from the trademark belonging to someone else. Usually cyber squatter registers a domain name for a business or trademark that belongs to someone else and later on tries to sell it to the actual owner of business/trademark at hefty profit. Sometimes cyber squatter also puts up derogatory remarks to defame the business. This trend of cyber squatting started in late eighties or earlier nineties when the concept of internet was catching up and not many businesses had online presence.

I like some purchase different variation of my domains, there are some however that have a .com which looks like it's just parked and doing nothing. And you just know they will try to sell it for stupid amounts of money.

Sorry little untrue at times not everyone is that same game but yes correct, many people buy domains to park them and resell silly prices but also many people out there do buy domains for other reason but the problem i find is someone will pay the silly prices for a domain. That because need it for there own reasons i had domain company try selling me domain that i owned years ago back to me for 10 times the amount i payed for it, i will never pay silly money don't matter if feel get x amount for google ads to adding wordpress site make traffic visit that domain bring up the google rank i don't blame them for trying it but a domain is that it not real will cost x amount to have the question need ask what value is that domain to you.

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That, plus cyber squatting is illegal.

I don't invest in domains but I do love buying them. I think I have at least 20?

From morrgasm.com to morrigansmadness.com to fnaf.family! All of the domains. This doesn't include the ones that I've had over the years.

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On 2017-5-15 at 0:03 AM, Morrigan said:

That, plus cyber squatting is illegal.

I don't invest in domains but I do love buying them. I think I have at least 20?

From morrgasm.com to morrigansmadness.com to fnaf.family! All of the domains. This doesn't include the ones that I've had over the years.

Pretty sure there's nothing illegal with cyber squatting. The only area where it could be problematic is if it's using a trademarked word. 

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The term cybersquatting is that you purchase trademarks with the intent to sell them to the people that own those trademarks and extort money out of them.

https://en.wikipedia.org/wiki/Cybersquatting

Which is illegal.  So the statement is true.

Purchasing a domain with the intent to sell it is not cybersquatting. But that was not the point of that line it was in reaction to the prior person's message about the domain company trying to extort money out of them for a domain.

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  1. Com
  2. Net
  3. Org
  4. Info

If all 4 are not available I find it best that I not buy the domain name.  Anything else is just a bonus (for example: biz, co, me, fr, de, uk, us, eu, jp, xyz, asia ).

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These people are annoying.

There's a guy holding a domain I wanted, he has been the owner for 11 years, and he is asking me a 5 digit price for it, and the domain is not even that special.

It's so ridiculous and lame. Just my 2 cents, not intending to offend anybody.

I also have a lot of domains, but because I'm using them or used them at some point, not trying to fill my bank account with it.

Edited by -FP

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If you own the trademark, you can put a legal action and prove he got the domain after you submited your trademark for approval.

It's not the cheapest thing to register a trademark, but it is well worth, and prevents some ill-intended people of registering slight variations of your domain with the purpose of competing with you. I've already took a site down with that.

My advice is: never put on a serious business without backing up your position with a registered trademark in the USPTO.

Edited by xtech

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4 hours ago, -FP said:

These people are annoying.

There's a guy holding a domain I wanted, he has been the owner for 11 years, and he is asking me a 5 digit price for it, and the domain is not even that special.

It's so ridiculous and lame. Just my 2 cents, not intending to offend anybody.

I also have a lot of domains, but because I'm using them or used them at some point, not trying to fill my bank account with it.

Yeah. Same with me. Someone owns a .com variant or a .org domain I own. I offered to pay him 3-4x the actual registration price of the domain (around $50 iirc) just to take it off his hands, because it was such an extremely niche domain name that no one else would likely ever buy it.

He replied asking for some absurd amount in the thousands of dollars. I replied telling him there is no way that domain has anywhere near that much value and that he would never sell it at such a high price. He responded saying he would buy my domain for $0.01 because "that's all my domain was worth to him" (I wasn't even offering to sell my domain, he was just being snide.)

I more or less laughed and politely told him to go sodomize himself. Some months later I got an e-mail saying he received an offer for the domain and would give me one last chance to purchase it before he sold it to someone else. I replied with the single sentence "No you didn't."

He didn't reply. That was about a year ago. He's still trying to sell the domain.

I think I sent him a somewhat taunting e-mail some months after that saying "Still haven't sold the domain I see?", to which he also never replied.

I don't think he likes me very much.

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Deep down, I'm always secretly pleased when someone thinks they can cybersquat my little niche domain in my tiny corner of the great big Interwebs.  That means there is someone, somewhere out there in the world who thinks I will be wildly more successful than I really am and think I can eventually afford a five digit asking price for my domain's variations.  It's nice to know that someone believes in my success when I'm trying so very little to achieve it :lol:

 

 

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In my case a friend owned the .com and forwarded it to my .org (for years)

my cyber friend who lives across the globe and whom I've know for years (since 2004) fell off the radar. No idea what happened. (I hope he's ok) and allowed the domain to lapse. 

I had a back order with GoDaddy but it didn't notify me and some jerk cyber squatter from India nabbed the domain. 

Domain is a made up word and a brand name that only my site has used since 2007. 

I contacted the cyber squatter and asked how much to transfer to me and he wants 5 figures. 

Needless to say that's not going to work. 

To sum things up:

cyber squatter tried to sell me the domain for 5 figures. Has 600+ other domains none of which have a  bona fide legitimate use. He is using my domain as a parked site for porn click ads. Classic example of why they created a udrp process. 

Thus I tried to get the domain back by way of UDRP but the panel wouldn't even look at my case for some asinine small detail. (Total cop out) and ordered domain to stay with cyber squatter. Of course they charged me a butt load for that unfair review. 

It really just sucks big time not much else I can say or do. 

 

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On 5/15/2017 at 4:33 AM, Morrigan said:

That, plus cyber squatting is illegal.

I don't invest in domains but I do love buying them. I think I have at least 20?

From morrgasm.com to morrigansmadness.com to fnaf.family! All of the domains. This doesn't include the ones that I've had over the years.

I have 36 domains 

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6 hours ago, Joel R said:

Deep down, I'm always secretly pleased when someone thinks they can cybersquat my little niche domain in my tiny corner of the great big Interwebs.  That means there is someone, somewhere out there in the world who thinks I will be wildly more successful than I really am and think I can eventually afford a five digit asking price for my domain's variations.  It's nice to know that someone believes in my success when I'm trying so very little to achieve it :lol:

I've considered the idea of starting a thread with the transcripts from this "cybersquatter" and encouraging my own site members to send him in fake offers just to troll him and waste his time.

Then they can post his angry responses in the thread for our entertainment.

I think this would be a fun way of combating cybersquatting. :lol:

Edited by Makoto

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I have a .org site since 2004 and a friend of mine years ago had the same name as my site using a .com and over the years his site disappeared and now someone wants $5000 for for the domain. There is no way I would pay that much for a domain name. Unless I needed it for a business that was doing well. Would be nice to have the .com domain but I am not really concerned about it. My site is for enjoyment and I could never justify paying $5000 for a site that makes no money. I have it because I enjoy it. 

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19 hours ago, ZeroHour said:

Can you give the jist of why they wouldn't? Always curious about what to do if I had the issue.

Well one of the requirements of proving common law trademark rights is to show that you have used the name in business.  

We have used the name since 2007 and I claimed such. However I used the word "consistently". Stupid panelist found an easy cop out. He showed that my site was offline for a short period (like 2 days) while it was transferred to me from the previous owner. Therefore it hasn't been used "consistently" since 2007 for business. He then refused to look at the rest of my case and dismissed it. Total BS

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