£9000 for a domain name? you must be kidding me!

[Amazin]

http://www.sedo.co.uk/search/detail...brightevents.co.uk&et_sub=1006&origin=parking

is that normal? I'm sorry but I'm still reasonablly new when it comes to doing business online. So people can just create and take up all domain names and sell them later for money?

 

[cjd]

Yup. Offer £500 and work from there.

Then wait for a couple of years and finally pay £2k.

Alternatively, come up with a new name.

 

[Super Simon]

It doesn't always work like that but you generally find that chancers snap up dropped domains on the hope that the original registrant wants it back... albeit an extraordinary price.

If the name belongs to you and you have it protected, you can report the owner to Nominet who are the authority on .uk domains. There are stringent procedures and requirements that need to be adhered, so I suggest you visit www.nominet.org.uk for more information.

Otherwise, change names.

 

[mit74]

http://www.sedo.co.uk/search/detail...brightevents.co.uk&et_sub=1006&origin=parking

is that normal? I'm sorry but I'm still reasonablly new when it comes to doing business online. So people can just create and take up all domain names and sell them later for money?

in theory no, in practice they do it. If your company is that name or you have it trademarked then nominet will hand it over to you without much fuss if co.uk. It's harder for other domains as the case will need to be accessed by an icann international adjudicator and can take months.
If they have good lawyers it may be easier just to pay the money!

 

[astutiumRob]

in theory no, in practice they do it. If your company is that name or you have it trademarked then nominet will hand it over to you without much fuss if co.uk

Unless they're 'passing off' (claiming to be your company) which will generally require you to use the Nominet UDRP (ISTR thats from £1500 to initiate), then no, they wont 'hand them over' - first come first served means exactly that.

 

[strikingedge]

I've just done a quick search on Brightevents and there are dozens of alternative domains.

No-one cares anymore about having the .com or .co.uk. Most of the newer tech startups are using the newer types of domains. After all, why should we pay thousands of pounds to these get rich quick squatters? Customers don't care.

Awe.sm is a great name for a site for instance. Nobody thinks it is based in San Marino ;-)

I'd go for:
brightevents.co
brightevents.pro (some self certification professional registration required)

There's dozens of others.

Unfortunately Bright Events is a terrible name for a new Events company. Anyone searching for you in Google would find these guys:
http://www.brightevents.com/

Get your thesaurus out and think up an alternative name...Blaze, Flare, Nova, Quasar to continue the bright theme.

Then if you've got something distinct, trade mark it at ipo.gov for £250. If someone registers e.g. Quasarevents.co.uk, they've got no-one to sell it to (apart from you), because you've locked up the UK/EU trade mark in the Events class.

 

[rsalemseo]

is that normal? I'm sorry but I'm still reasonablly new when it comes to doing business online. So people can just create and take up all domain names and sell them later for money?

High tier keywords such as this command a price that is extreme since the original domain investors purchased in years ago hoping for huge gains in investment in the long run. I think domain parking is stated as an infraction in the Cybercrime Law however it is still in its infancy because there are a lot of factors involved. If this would be your brand name then it would be best to settle for a dash separated domain "bright-events" at first and if you have enough money, you can invest in the £9000 domain and set up redirects to your site.

 

[Super Simon]

I think domain parking is stated as an infraction in the Cybercrime Law

What Cybercrime Law? I'm not aware of any such law that prevents people from registering domains and parking them for sale.

 

[Eurostick]

What Cybercrime Law? I'm not aware of any such law that prevents people from registering domains and parking them for sale.

Nor am I - I believe there is absolutley nothing wrong with it, you pay the yearly rate - it's yours?

Alan

 

[maxh]

I've spoken with people (domain trolls) who've wanted upwards of $250,000 for a single domain.

Back in the day when an EMD could rule the rankings.

 

[DarrenMcCabe]

Yup the .com version of my domain is $3,000

I just ignore it and check back once in a while to see if they got bored sitting on it.

 

[Alan]

lol

We obviously wanted locally.com. But at $600,000 asking price we decided to go with llocally.com (for about $6 ).

 

[fisicx]

Had sombody in the USA want my domain name. Started at £1500 and it escalated to £7500. The business is worth millions so told them to poke it. Turns out it was just a broker who wanted it cheap so they could sell it on.

 

[beasty]

MInimum bid for brightevents is 6k

 

[david64]

Some domaniners are crazy. The asking prices they put on these generic-type domains can sometimes be ridiculous. This one certainly is ridiculous. I think they just register a lot and hope to sell one or two at these prices.

In my opinion, brightevents.co.uk, is worth at best £100.

I'd recommend fishing around and brainstorming. If this is the type of domain around, you will find cheaper and probably be able to find some your like that are available.

Unless you happen to have a large budget, I don't think its worth paying more than a few hundred £ for a domain.

Recently I bought a powerful dictionary word .co.uk for £90, .net for $70 and the .org.uk at reg. The owner of the domain I initially wanted (not a domainer) wanted £1,000 and filled me full of trash of how he had had offers of a few thousand before, but if he didn't get £1,000 he was just going to let it expire.

Hammer these scum down.

 

[JohnJP]

A few thoughts and to correct some inaccuracies in earlier posts. Buying and selling domains for a profit is perfectly legal, you might disagree with the price that is being asked or why the current registrant has got the name ahead of you, but that is how it is.

Trying to ‘recover’ the name through Nominet DRS for .UKs or via WIPO for .COMs etc is only achievable if you have a trademark or trading history to prove an ‘unregistered right’, you must also prove ‘passing off’, there are other criteria as well. As mentioned earlier Nominet have full details of their process on their site and there is a cost. The problem with ‘bright events’ is that whether you like the name or not is a combination two dictionary words, there is no EU trademark based on those terms and only a company with that name set up in N. Yorkshire some time after the domain was registered. Just because someone sets up a company or starts using a trading name gives no automatic rights to the domain, it becomes even more problematical if the domain registration pre-dates the trademark or other ‘unregistered rights’ e.g. company formation/start of business trading.

Lets look at the name itself, IMO the price being asked is OTT, looking at registration date of 7/10/12 and also information showing that it was dropped domain and ‘free to register’ on the 13/09/12, it clearly went through the normal domain cancellation process. If it had been worth much more than ‘registration fee’ 50+ drop catchers would have loaded it into their automated systems and it would have be registered within a few seconds of Nominet cancelling it - not sat there for the best part of month ‘free to register’. The Google exact match of ‘50’ on the terms ‘bright events’ gives a clue as to why domainers thought it of little value.

The registrant is sat behind ‘Nominet’s ‘whois opt-out’. But as the domain is parked using online advertising, this is deemed by Nominet to be a trading activity and an invalid use of the whois opt-out. Contact Nominet, you may at least get them to put the full address on there so you can a send a letter offering a more appropriate sum. The registrant name is also ‘invalid’ Nominet have processes to correct this or if it remains uncorrected for them to even cancel the registration but again Nominet need to be told about it. You never know if Nominet start contacting the registrant they might surrender the name thinking ‘someone is after them’, I have seen that happen.

Hope that helps and best of luck.




JohnJP

 

[smarterbarcodes]

Yep people make good money from it aswell, make an offer it can't hurt :0)

 

[SatinMonkey]

I've a single domain on offer on a domain selling site up for £400~ on a pretty decent name IMO. I only paid £9 for it and that is really all it is worth but the general idea is if someone offered £50 for it, I'd take it. Also note I didn't buy the domain as I thought it was valuable as aside from short dictionary domains, it is a bit of a mugs game.
I cannot imagine too many of the sites with £9000 domains listed actually sell for the face value. Always barter as much as you can.

 

[makeusvisible]

You might find this of interest;

The 100 Oldest Domain Names

I shudder to think at the value of some of these domains now, and back then they were registered for free....well, the cost of a phone call.

 

[AngieVA]

If I saw a domain name I wanted for £400 I'd just walk away (figuratively speaking). I wouldn't think to offer £50 for it. So maybe it would be better to be honest with what you'd accept and ask for offers over £50?

I would think that as more extensions are added, values of .coms and .co.uks etc will get less and people left holding them at high prices will be left holding them for a long long time.

I've a single domain on offer on a domain selling site up for £400~ on a pretty decent name IMO. I only paid £9 for it and that is really all it is worth but the general idea is if someone offered £50 for it, I'd take it. Also note I didn't buy the domain as I thought it was valuable as aside from short dictionary domains, it is a bit of a mugs game.
I cannot imagine too many of the sites with £9000 domains listed actually sell for the face value. Always barter as much as you can.

 

[SatinMonkey]

If I saw a domain name I wanted for £400 I'd just walk away (figuratively speaking). I wouldn't think to offer £50 for it. So maybe it would be better to be honest with what you'd accept and ask for offers over £50?

Fair comment. I've never put up domains for sale before so it was a bit of a click, click, leave default settings, done. I'll give it a review.

I agree too with these new domain extensions coming into play. I cannot imagine domains will continue to be expensive in terms of reselling anymore.

 

[Pixelly]

There will always be someone who will want a domain - even if you don't see value in it!

I've purchased and sold hundreds of domains, some were sold for £50 and I felt that was reasonable but a couple domains I had were spotted by someone that really liked them and they offered over £XX,XXX - it all depends on the buyer at the end of the day

 

[Jetbusters]

No-one cares anymore about having the .com or .co.uk. Most of the newer tech startups are using the newer types of domains

I'm not sure I entirely agree with this. Whilst I do believe usage and acceptance of these newer domain types will grow over time (3-5 years) at the moment I don't think they command the same authority and trust as a top-level domain like a .com - if you are keen to demonstrate that your business is new and fresh then yes one of the newer extensions would be ok (new startups are happy to do this) however if you want to give the impression that you are well established and have many years experience in a particular field or industry, then a .com always looks better.

I don't think such a long domain name is worth anything more than £100 though because with such a long string there are so many opportunities for subtle alterations to achieve what you want.

On the other hand, 3-5 letter words are worth a lot and I personally would see a 3-5 letter word ending in .com as a good investment if it could be snapped up for a few thousand pounds. I think they were all snapped up a long time ago though and unlikely to come back on the market.

Just as an example, if your business sold black leather shoes, you might have blackleathershoes.co - perfectly descriptive and useful.... But I'd still feel more comfortable (excuse the slight pun!) visiting and spending my money online if the web address was called shoes.com

Then again it could just be me

 

[theseomarky]

that is silly Iv not bothered looking at the links for that domain but chances are like many premuim domains it has not many good links at all.. it just worthless in my opinion it wont gaurentee rankings on google or be better than any other site.

 

[threenine]

I'm not sure I entirely agree with this. Whilst I do believe usage and acceptance of these newer domain types will grow over time (3-5 years) at the moment I don't think they command the same authority and trust as a top-level domain like a .com - if you are keen to demonstrate that your business is new and fresh then yes one of the newer extensions would be ok (new startups are happy to do this) however if you want to give the impression that you are well established and have many years experience in a particular field or industry, then a .com always looks better.

I don't think such a long domain name is worth anything more than £100 though because with such a long string there are so many opportunities for subtle alterations to achieve what you want.

On the other hand, 3-5 letter words are worth a lot and I personally would see a 3-5 letter word ending in .com as a good investment if it could be snapped up for a few thousand pounds. I think they were all snapped up a long time ago though and unlikely to come back on the market.

Just as an example, if your business sold black leather shoes, you might have blackleathershoes.co - perfectly descriptive and useful.... But I'd still feel more comfortable (excuse the slight pun!) visiting and spending my money online if the web address was called shoes.com

Then again it could just be me

Then why are you posting at UkBusinessForums.co.uk

Surely you should be at Forums.com or business.com or uk,com?