hen the DNS was new, was stolen from its rightful
domain registrations were owner by means of a forged
free. A domain owner can transfer instruction via fax.
generally give away or sell During the height of the dot-com
infinite [[subdomain]]s of their era, the domain was earning
domain, e.g. the owner of millions of dollars per month in
example.edu could provide domains advertising revenue from the
that are subdomains, such as large influx of visitors that
foo.example.edu and arrived daily. Two long-running
foo.bar.example.edu. U.S. lawsuits resulted, one
against the thief and one against
An economic effect of the the domain registrar VeriSign[1].
widespread usage of cheap domain
names has been the resale market In one of the cases, Kremen v.
for generic domain names that has Network Solutions, the court
sprung up in the last decade. found in favor of the plaintiff,
Certain domains, especially those leading to an unprecendented
related to business, gambling, ruling that classified domain
pornography, and other names as property, granting them
commercially lucrative fields the same legal protections. In
have become very much in demand 1999, Microsoft traded the
to corporations and entrepreneurs valuable name Bob.com for the
due to their intrinsic value in name Windows2000.com which was
attracting clients. In fact, the the name of their new operating
most expensive Internet domain system.[2]
name to date, according to
Guinness World Records, is One of the reasons for the value
business.com which was resold in of domain names is that even
1999 for $7.5 million. Another without advertising or marketing,
high value domain name, sex.com, they attract clients seeking
services and products who simply dollars change hands due to the
type in the generic name. resale of domains. Large numbers
Furthermore, generic domain names of registered domain names lapse
such as Rent.com or Books.com are and are deleted each year. On
extremely easy for potential average 25,000 domain names drop
customers to remember, increasing (are deleted) every day.
the probability that they become
repeat customers or regular It is high time that YOU (yes I
clients. mean you!) consider getting
yourself a cheap domain name as
Although the current domain well. You can do that at
market is nowhere as strong as it iPower.com or at the World's
was during the dot-com heyday, it Largest Registrar - GoDaddy.com
remains strong and is currently but you need to do that soon.
experiencing solid growth again.
Annually tens of millions of
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