I'm just wondering what you all think about these domain selling companies? I am in the process of designing an open source project. I am looking to get the .com domain name for this product, and its already been taken by BuyDomains.com. They want over $2000 for the domain. I have tried to get them to come down but they refuse to take anything resonable for the domain name.
The domain name has been sitting in there (over 800,000) collection of names for over 10 years and has never been used. The domain URL leads to a parked "for sale" page.
At one time they also had the .org version of this same domain name for sale for $5000.00. It was registered over 10 years ago on the same day they registered the .com name. Some how they let the domain name expire and now I currently own the .org version of the name as to which they are not very pleased.
The .org version will work for me because this is an open source project anyway. I had planed to buy the .com version and then just redirect the domain to the .org anyway.
I don't know if I could ever register a trademark or copyright to my product because they own the .com name. I guess I don't really need the .com but it would be nice.
I find that I really hate this companies because they buy up over 800,000 domains. Good domains are in very short supply, and these companies buy them up and try to sell them for thousands of dollars. A lot of people cannot afford this type of payment so these domains stay parked, unused, and wasting space for ever.
Maybe I'm wrong but I think that these companies should not be allowed to do this when someone elses has a real use for the domain. I understand that they own the domain, because they got it first. I don't have a problem with people buying and selling domains for a higher price. But I get annoyed when one comapany owns almost a million domain names in a short supply market. It seems like a Monopoly to me. But I'm not a lawyer.
I'm not sure what I do about getting the domain from them, if I should create a back order or what.