I have finally decided to put up a new blog. Blogging on blogger.com seems a lot easier and cheaper than running your own website. This is the page where you can read all about my rants, complaints, and thoughts, most likely in that order too.
One of interesting thing I came across this week is the idea of "domain parking." I have known about concept of people buying up domain name for resale. They target name of well known companies or products, typo of high traffic websites, or domain name full of good keywords. My impression of domain buying business were -- scammer, cyber-squatter, or generally people of no ethics. However, as I looked into it more, that certainly is not the case. It is a legitimate business that does serves a purpose. I mean... sure, there are plenty of squatter, scammer and/or spammer out there, but that's the case with every industry. You can say it's always the bad apple that gives bad impressions.
Funny how I came about looking into this concept of domain parking, I was searching for a new domain name for my new business (I'm not ready to reveal what my new business is until it's ready to go live). When I started searching, oh boy-o-boy, IT IS TOUGH to find a good domain that's not taken. Just about every suitable name has been registered. I thought to myself, how in the world are all these domain names taken. Are they my competitors I didn't know about? Naturally, I have to check out their websites. To my relief, these websites did not belong to my unknown nemesis. These websites are plain and simple looking, it contains nothing but advertisement links. The whois information, a tools that shows domain owner information, shows the same owner for many of these domain names. The whois tool on domaintools.com also indicate that one particular owner owns over 150,000 domains. That's right, 150,000 websites?! If you do the simple math of average of $9 registration fee per domain, which means the guy spent over $1.3 million dollars per year on registration fee along. Who in world spend over 1.3 million dollars a year just on domain registration not counting money spend on putting up and managing these "empty" websites? There's got to be more to owning these unused domain than just cyber squatting. I mean who in their right mind would squat on 1.3 million dollars worth of "stuff"?
I will continue in the next segment... Stay tune
No comments:
Post a Comment