Charging excessive amounts for domain names

[JJWinst]

Hey,

What is it with a large proportion of domain names being 'held' by third party companies trying to charge excessive amounts? I've come across at least 3 examples where I've found a domain to have been registered for 5+ years and these companies want to try and charge in excess of 20k! I don't see the sense in it.

In one of my examples, there's no trade mark, no company formed and plenty possible variations on the domain name, but the .com is held at ransom from a company who are happy to sit on it until someone desperately wants it.

V.frustrating!

 

[AllUpHere]

A domain, like anything, is worth what someone is willing to pay. It costs them a few quid a year to sit on them, and they only need one or 2 people to pay the silly amounts and they have made a tidy sum.

 

[Alan]

V.frustrating!

If you want it, make an offer or pay the price. If you think the price is excessive move on. Simple. It is a free market.

 

[Mr D]

If its excessive it won't ever sell so the company either reduces price or holds onto a non-earning item.

Its them who gets to decide, not you.

If its too high for you to want to buy it then don't buy it. Lots more you can buy.
If you must have that particular domain name then no price is excessive because you must have it.

 

[evhow90]

I'm with you! My absolute pet hate. I don't think there is a problem with holding domains you intend to use in the future, but to buy just to sell on for thousands is immoral.

 

[AllUpHere]

I'm with you! My absolute pet hate. I don't think there is a problem with holding domains you intend to use in the future, but to buy just to sell on for thousands is immoral.

You do realise you are on a business forum?

 

[The Byre]

I'm with you! My absolute pet hate. I don't think there is a problem with holding domains you intend to use in the future, but to buy just to sell on for thousands is immoral.

No, it's not - it's common sense.

The Interweb began properly in the mid-90s and D.names were cheap and easy to get.

Many businesses, esp. in the UK, were totally asleep at the wheel and missed golden opportunities back then, inc. registering any names that they might need in the future. There is little merit in crying 'Foul!' because of missed opportunities!

 

[evhow90]

You do realise you are on a business forum?

Thanks for the quote. I do realise there will be some impressive business people here, I am a little business with really ethical values, there's more to having a business than just making money.

Best Wishes

 

[evhow90]

No, it's not - it's common sense.

The Interweb began properly in the mid-90s and D.names were cheap and easy to get.

Many businesses, esp. in the UK, were totally asleep at the wheel and missed golden opportunities back then, inc. registering any names that they might need in the future. There is little merit in crying 'Foul!' because of missed opportunities!

Just my opinion sorry if I offended anyone. I just have been in positions in the last when you think of a really good startup, but the name is taken and not being used. But it's not possible to afford thousands to buy it. I feel like I might be alone here though.

 

[Darren_Ssc]

I'm with you! My absolute pet hate. I don't think there is a problem with holding domains you intend to use in the future, but to buy just to sell on for thousands is immoral.

I may be wrong but aren't most valuable assets held the same way?

 

[Darren_Ssc]

Just my opinion sorry if I offended anyone. I just have been in positions in the last when you think of a really good startup, but the name is taken and not being used. But it's not possible to afford thousands to buy it. I feel like I might be alone here though.

The days of a domain name having much impact on the success of a business are long gone. If it annoys you so much just make a point of never paying more than reg fee for a domain, then sit back and laugh when you see that golden name you wanted so much still sat on a holding page 10 years later.

 

[Mr D]

I'm with you! My absolute pet hate. I don't think there is a problem with holding domains you intend to use in the future, but to buy just to sell on for thousands is immoral.

Buying something to sell for a profit is immoral?

 

[Mr D]

I may be wrong but aren't most valuable assets held the same way?

In other news today we'll be looking at people who restore old cars for sale and will be speaking to people who have antique shops about their business model.

 

[evhow90]

Please could I ask that I'm not quoted anymore I made a mistake to write in this thread and join the forum I'm sorry. I can't find a way to remove my post or account I'd really appricate without ant rudeness towards me and saracm please. I am just a young girl trying to start a small ethical business to do some good in the world x

 

[AllUpHere]

Please could I ask that I'm not quoted anymore I made a mistake to write in this thread and join the forum I'm sorry. I can't find a way to remove my post or account I'd really appricate without ant rudeness towards me and saracm please. I am just a young girl trying to start a small ethical business to do some good in the world x

You are over reacting. We just don't agree with the opinion you've expressed in this thread, that's all.

Welcome to the forum. Stick around, I'm sure you'll find us helpful.

 

[evhow90]

Thanks I'd really like like to as I know I'd learn thing and have helpful advice. It wasn't really your comment, to be honest, it was the below ones that I felt were unnecessary. I'll be more careful what I write and hope I come accross some friendly people

 

[AllUpHere]

Thanks I'd really like like to as I know I'd learn thing and have helpful advice. It wasn't really your comment, to be honest, it was the below ones that I felt were unnecessary. I'll be more careful what I write and hope I come accross some friendly people

No need to be careful what you write. Just write what you think. Some people will agree, some won't.

 

[evhow90]

No need to be careful what you write. Just write what you think. Some people will agree, some won't.

Your right, but unfortunately some people can be really rude about it, not really something I am used to, but I guess those people are attracted to forums and have thousands of posts. I've already found lots of really informative threads which is great though!

 

[TheWebDesignCompany]

Why do they do it?
Because they can and it is profitable for them.

Everyone hates it, but until there is some legislation that is enforced by the various governing bodies for domain registration it is going to continue.

 

[Graham Tyers]

The best I've ever managed is £10k for 1 domain and slightly less for its .uk counterpart

Sold many for £1k+ though. It's a fair market and as long as people aren't poaching domains or squatting unfairly then it's quite fair I think.

 

[Mr D]

Why do they do it?
Because they can and it is profitable for them.

Everyone hates it, but until there is some legislation that is enforced by the various governing bodies for domain registration it is going to continue.

And legislation would resolve so many issues. Just don't expect them to be resolved in favour of the buyer.