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Posts Tagged ‘Purchase Domain Name’

Identity theft has become a serious issue. We hear it on the news more and more.

What do we do? We shred our papers, we purchase an anti virus software for our computer, we have passwords to get into everything we own (our passwords are even rated on a scale of efficiency now days).

There is another form of identity theft emerging in the internet wave. It’s not about your bank account, it’s not about your credit card.

It’s about your name. People will actually purchase your name on the internet, it’s called a domain name, brand themselves as You. Great chance that if they get to that point it’s not as a favor to you. It’s probably not to promote the good side of you.

Recently the owner of a large Network Marketing company, MXI Corp, has been through name theft. However, it is perfectly legal at this point to own any domain name. Unfortunately for this person, the source that purchased the domain name is not in great spirit and has dug up everything he or she could find as dirt content with promise to bring more in the near future.

All this source has done is purchase a domain name, very simple and inexpensive to do. Too bad for the owner of MXI Corp that they had not beat him/her to the task, it would have avoided some headaches.

Who wants bad advertisement for their product or company or person?

Would it not be much better to own your name and advertise your product, company or person in the way you wish?

When the DNS was new, domain registrations were free. A domain owner can generally give away or sell infinite [[subdomain]]s of their domain, e.g. the owner of example.edu could provide domains that are subdomains, such as foo.example.edu and foo.bar.example.edu.

An economic effect of the widespread usage of cheap domain names has been the resale market for generic domain names that has sprung up in the last decade. Certain domains, especially those related to business, gambling, pornography, and other commercially lucrative fields have become very much in demand to corporations and entrepreneurs due to their intrinsic value in attracting clients. In fact, the most expensive Internet domain name to date, according to Guinness World Records, is business.com which was resold in 1999 for $7.5 million. Another high value domain name, sex.com, was stolen from its rightful owner by means of a forged transfer instruction via fax. During the height of the dot-com era, the domain was earning millions of dollars per month in advertising revenue from the large influx of visitors that arrived daily. Two long-running U.S. lawsuits resulted, one against the thief and one against the domain registrar VeriSign¹.

In one of the cases, Kremen v. Network Solutions, the court found in favor of the plaintiff, leading to an unprecendented ruling that classified domain names as property, granting them the same legal protections. In 1999, Microsoft traded the valuable name Bob.com for the name Windows2000.com which was the name of their new operating system.[2]

One of the reasons for the value of domain names is that even without advertising or marketing, they attract clients seeking services and products who simply type in the generic name. Furthermore, generic domain names such as Rent.com or Books.com are extremely easy for potential customers to remember, increasing the probability that they become repeat customers or regular clients.

Although the current domain market is nowhere as strong as it was during the dot-com heyday, it remains strong and is currently experiencing solid growth again. Annually tens of millions of dollars change hands due to the resale of domains. Large numbers of registered domain names lapse and are deleted each year. On average 25,000 domain names drop (are deleted) every day.

It is high time that YOU (yes I mean you!) consider getting yourself a cheap domain name as well. You can do that at iPower.com or at the World’s Largest Registrar – GoDaddy.com but you need to do that soon.

Sinta is a Full Time Adsense Publisher and She Makes her
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