Domain name auction
Encyclopedia
The domain name auction facilitates the buying and selling of currently registered domain names, enabling individuals to purchase a previously registered domain that suits their needs from an owner wishing to sell. A Drop registrar
offers sales of expiring domains; but with a domain auction there is no need to wait until (and if) a current owner allows the registration to lapse before purchasing the domain you most want to own. Domain auction sites allow users to search multiple domain names that are listed for sale by owner, and to place bids on the names they want to purchase. As in any auction, the highest bidder wins. The more desirable a domain name, the higher the winning bid, and auction sites often provide links to escrow
agents to facilitate the safe transfer of funds and domain properties between the auctioning parties.
A number of factors have contributed to the rise in popularity of the domain name auction. The personalization of the web resulted in domain names being purchased by more private individuals and businesses than originally anticipated; and as a result there was also a rise in speculation and domain name warehousing
. Anticipating a growing need for a targeted top-level domain name, domainers began to purchase names with an eye towards selling them at a later time. The advancing field of Search Engine Optimization
(SEO) has also increased the desire to own a domain name that accurately reflects the subject matter of the web site.
A domain auction website provides the technology through which users can list or purchase multiple domains easily and conveniently. Domain parking
, once the most efficient method for advertising a domain for sale, allowed a domain owner to post the availability of the domain on a page, hoping someone who was interested in that name would surf through and see it listed for sale. With the development of the domain auction, multiple users can list multiple domains all in the same place, thereby exposing them to a greater number of potential buyers. Sites such as eBay
have made using auctions very commonplace, and domain auction sites also require little to no technical knowledge to use.
In the past, if a domain name was already registered by another party, it was generally advisable to choose a different name. Whether current owners list domains for auction for a specified period of time or provide an instant purchase option, the domain auction has become an important tool in uniting buyers and sellers in the quest for the most beneficial domain name.
There are occasions when domain auctioning results from a practice known as "cybersquatting." According to the U.S. federal law known as the Anti-Cybersquatting Consumer Protection Act, cybersquatting is registering, trafficking in, or using a domain name with bad-faith intent to profit from the goodwill of a trademark belonging to someone else.
Many predatory buyers will even employ software to search for newly-expired domains and register them out from under the original owner before s/he can renew it. This practice is often used to extort large amounts of money from legitimate domain name holders who rely on their domain names to remain in business.
https://www.finddomainnameshere.com - free domain auction service for owners of up to 5 domain names, also provides paid domain listing for larger portfolios and advertising services. There are no commission fees charged when domain names are sold, as sales are conducted between buyer and seller directly. Website is developed and maintained by Steffanie Lynch, Internet Services Consultant.
Drop registrar
A drop registrar is a domain name registrar who registers expiring Internet domain names immediately after they expire and are deleted by the domain name registry. A drop registrar will typically use automated software to send up to 250 simultaneous domain name registration requests in an attempt...
offers sales of expiring domains; but with a domain auction there is no need to wait until (and if) a current owner allows the registration to lapse before purchasing the domain you most want to own. Domain auction sites allow users to search multiple domain names that are listed for sale by owner, and to place bids on the names they want to purchase. As in any auction, the highest bidder wins. The more desirable a domain name, the higher the winning bid, and auction sites often provide links to escrow
Escrow
An escrow is:* an arrangement made under contractual provisions between transacting parties, whereby an independent trusted third party receives and disburses money and/or documents for the transacting parties, with the timing of such disbursement by the third party dependent on the fulfillment of...
agents to facilitate the safe transfer of funds and domain properties between the auctioning parties.
A number of factors have contributed to the rise in popularity of the domain name auction. The personalization of the web resulted in domain names being purchased by more private individuals and businesses than originally anticipated; and as a result there was also a rise in speculation and domain name warehousing
Domain name warehousing
Domain name warehousing is the common practice of registrars obtaining control of domain names with the intent to hold or “warehouse” names for their use and/or profit...
. Anticipating a growing need for a targeted top-level domain name, domainers began to purchase names with an eye towards selling them at a later time. The advancing field of Search Engine Optimization
Search engine optimization
Search engine optimization is the process of improving the visibility of a website or a web page in search engines via the "natural" or un-paid search results...
(SEO) has also increased the desire to own a domain name that accurately reflects the subject matter of the web site.
A domain auction website provides the technology through which users can list or purchase multiple domains easily and conveniently. Domain parking
Domain parking
Domain parking is the registration of an Internet domain name without using it for services such as e-mail or a website i.e without placing any content on the domain. This may be done to reserve the domain name for future development, to protect against the possibility of cybersquatting, or to...
, once the most efficient method for advertising a domain for sale, allowed a domain owner to post the availability of the domain on a page, hoping someone who was interested in that name would surf through and see it listed for sale. With the development of the domain auction, multiple users can list multiple domains all in the same place, thereby exposing them to a greater number of potential buyers. Sites such as eBay
EBay
eBay Inc. is an American internet consumer-to-consumer corporation that manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide...
have made using auctions very commonplace, and domain auction sites also require little to no technical knowledge to use.
In the past, if a domain name was already registered by another party, it was generally advisable to choose a different name. Whether current owners list domains for auction for a specified period of time or provide an instant purchase option, the domain auction has become an important tool in uniting buyers and sellers in the quest for the most beneficial domain name.
There are occasions when domain auctioning results from a practice known as "cybersquatting." According to the U.S. federal law known as the Anti-Cybersquatting Consumer Protection Act, cybersquatting is registering, trafficking in, or using a domain name with bad-faith intent to profit from the goodwill of a trademark belonging to someone else.
Many predatory buyers will even employ software to search for newly-expired domains and register them out from under the original owner before s/he can renew it. This practice is often used to extort large amounts of money from legitimate domain name holders who rely on their domain names to remain in business.
External links
http://www.auction.is - domain auction for premium domains, also provides paid domain listing and domain brokerage services. Website is developed and maintained by Saitex.org llchttps://www.finddomainnameshere.com - free domain auction service for owners of up to 5 domain names, also provides paid domain listing for larger portfolios and advertising services. There are no commission fees charged when domain names are sold, as sales are conducted between buyer and seller directly. Website is developed and maintained by Steffanie Lynch, Internet Services Consultant.