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Want a domain that another company has for sale

Don't want to pay for it. Still want it. Options?

         

BushBurner

11:33 am on Oct 3, 2005 (gmt 0)

10+ Year Member



I'm currently working on a 6 month web project and have just made an enquiry to BuyDomains for the domain I need. Their quote was around the £2,500 mark, which I find expensive, especially when you consider they probably purchased the domain for no more than £2 and are not dealing in antiques! The domain I want will eventually be the name of the Limited company I setup in the UK. Once this company is established, can I legally take the domain from them, or do I need to own the trademark? It's possible I may incur legal costs around the £2000 mark, but this would be more satisfactory that giving BuyDomains £2500 of my well earned money. It annoys me that cybersquatters like this can operate without any governing body restricting their activities.

Webwork

2:28 pm on Oct 3, 2005 (gmt 0)

WebmasterWorld Administrator 10+ Year Member Top Contributors Of The Month



Please read the Domain Forum's Charter [webmasterworld.com], particularly the part about "legal issues".

If you can reframe your question or issue in more general terms the members might be able to offer some ideas of where to look for answers. However, we don't answer people's specific legal questions.

gpmgroup

3:25 pm on Oct 3, 2005 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



An Old Lady is selling a car because she is unable to drive she wants £2000 for it, which is a bit steep you think. If you find a good Lawyer do you think you will be able to force the Old Lady to give you the car because you feel you have rights to it because she isn't using it? - sheesh

Looking at Buydomains list of "Antiques" names they mostly look like pretty generic two word combos and as such difficult to trademark for use within the Antiques field.

If you want a generic combination of words buy the domain from the seller and spend the time you would have to spend on trying to wrest the name on building your site and creating value. It will work out a lot cheaper in the end and you'll feel better its a karma thing.

Incidently when I go in an Antique Shop I don't think £2000 for a table , I bet the seller only paid £2 for it in a house clearance therefore I'm not buying it. I ask myself is the table worth £2000 to me and will I get pleasure from owning it.

BushBurner

5:05 pm on Oct 3, 2005 (gmt 0)

10+ Year Member



If the domain had established traffic or a valuable asset attached to it then I may consider paying the price, it would just need to be justified. However in this case it's not. Their greed is restricting decent people from doing honest business and is only a professional disguise for old-fashioned cyber-squatting, nothing more. Perhaps this is not the place to discuss this issue. As advised, I'll be doing things the legal way and if I manage to obtain the name, then that'll satisfy my "karma" more than being ripped-off for a £2 domain. Blimey, what has happend to the world today...

Tiebreaker

5:13 pm on Oct 3, 2005 (gmt 0)

10+ Year Member



From my understanding, if you register the name of your limited company AFTER the date that the domain was first registered, you have virtually no chance of claiming that they have no right to own it.

If you want the name, you will just have to buy it I think - it hurts, but that's life

Jane_Doe

5:58 pm on Oct 3, 2005 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



It annoys me that cybersquatters like this can operate without any governing body restricting their activities.

Their is a governing body over domain names. It called ICANN and their policy over domain disputes is posted on their site.
You should read it sometime. I think you would find it very enlightening.

buckworks

6:16 pm on Oct 3, 2005 (gmt 0)

WebmasterWorld Administrator 10+ Year Member Top Contributors Of The Month



The domain I want will eventually be the name of the Limited company I setup

Can you afford NOT to pay their price?

BushBurner

6:22 pm on Oct 3, 2005 (gmt 0)

10+ Year Member



Bottom line: the price is too high and I refuse to pay over the odds to cyber-squatters, basic point of principle. If the domain can't be obtained legally, then I'll have to choose another name. It's not a problem, just a pity it has to be this way.

novice

7:31 pm on Oct 3, 2005 (gmt 0)

10+ Year Member



It's possible I may incur legal costs around the £2000 mark, but this would be more satisfactory that giving BuyDomains £2500 of my well earned money.

BushBurner,

It may cost you more than that if you lose.

Before taking any legal action you should read about "reverse domain name hijacking." Reverse domain name hijacking protects domain name holders against companies with deep pockets from taking away their domain.

This rule even applies to trademark holders who are going after generic domain names.

GeorgeK

7:45 pm on Oct 3, 2005 (gmt 0)

10+ Year Member



I don't think BuyDomains has anything to worry about in this case. Bush Burner doesn't appear to have a valid cause of action, as his company (which hasn't even been formed yet) wouldn't have started using the name/brand/mark until AFTER BuyDomains had already been using the domain. First come, first served.

A pretty clear cut win for BuyDomains, in my opinion. The calendar is on their side. Their first use predates any possible first use by this yet to be established company.

Edwin

9:00 pm on Oct 3, 2005 (gmt 0)

10+ Year Member



Let's not confuse cybersquatting with shrewd domain investment. I know that it must be tempting to run out and tar all those making a business out of domain name sales with the same brush, but cybersquatters are only the tip of a very legitimate domain ownership iceberg.

Cybersquatting ONLY applies when the domain being squatted on is a clear trademark that is a made-up word or coined phrase, or the name of a very very famous celebrity (i.e. somebody that 99 people out of a hundred stopped at random on the street would automatically associate with that name).

Widgets.com (where widgets is a trademark but also a totally generic, common expression) would not be an example of cybersquatting, unless the owner was stupid enough to keep sending the traffic to somewhere that conflicted with the trademark rights, thus handily providing a demonstration of their intent to squat. Of course the trademark owner might still be able to go after the domain name, but it's not a good example of cybersquatting.

FrenchWidgets.com (if the generic expression is used in a particular industry and is understood by participants in that industry) is even less of a cybersquatting example.

On the other hand, RedWidgets.com (in the case that widgets are not known for being red but a "red widgets" company exists) could be construed as cybersquatting.

davezan

10:13 pm on Oct 3, 2005 (gmt 0)

10+ Year Member



basic point of principle

Yours? :D

Jane_Doe

10:40 pm on Oct 3, 2005 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



I should not type replies when I am in a hurry. I actually do know how to spell, at least easy words. My post above should be:

There is a governing body over domain names.

webdoctor

10:44 pm on Oct 3, 2005 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Once this company is established, can I legally take the domain from them

IANAL, but according to Nominet's "rules", I think you're entitled to use

www.<official-company-name>.LTD.uk

for your company. I very much doubt that you'll be using this as your primary domain, though.

Does that help? Probably not ;-)

BushBurner

1:22 am on Oct 4, 2005 (gmt 0)

10+ Year Member



Well, that's that then, I'll just have to find another name for the business. This will be fairly difficult considering that most of the more suitable names are being hoarded by domain selling fat cats, who generally speaking use these domains to host sponsored ads and trigger endless popups e.g. http/www.seeq.com/lander.jsp?referrer=&domain=infosharing.com&cm_mmc=

But I suppose that's how they became fat cats in the first place, so the best of luck to them. I wonder, will fairtrade ever apply to anything other than coffee and tea? Damm, a fat cat has just pierced the skin on my visionary bubble :0(

Thanks for all your comments.

[edited by: Webwork at 1:37 am (utc) on Oct. 4, 2005]
[edit reason] Delinked [/edit]

gpmgroup

8:40 am on Oct 4, 2005 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



You are fortunate the name you are looking for is with a seller. The initials of our company are with a PPC Advert company and they don't even reply to Emails enquiring how much would they like to sell the domain for?

Branding is very important in the online world, If the Domain at Buydomains is exactly what you want and is descriptive of your services then buy it! As I said earlier it will be by far the cheapest option in the long run.

How much would you pay for a premesis in Bond Street or Hatton Gardens? £2500 + £5 a year rent seems quite reasonable?

nzmatt

9:05 am on Oct 4, 2005 (gmt 0)

10+ Year Member



You need to think about business, not emotion. Emotion is for lovers.

Is the domain going to make you money? If the answer is yes, then that is money you are loosing every day you postpone buying the domain.

Is this domain going to earn you more money than a second best domain? If yes...

Just my own experience…I recently spent 10,000 USD each on 3 domains I bought that fitted my business model. It was hard to swallow, but so too is doing nothing in spite…

BushBurner

10:00 am on Oct 4, 2005 (gmt 0)

10+ Year Member



Wise comments, which I'll bear in mind.

zoobie

6:53 pm on Oct 4, 2005 (gmt 0)

10+ Year Member



I want to add that the asking price is a far cry from what they'll actually take for the name. The longer you wait it seems, the less they'll take. Case in point...my brother wanted a domain and the reseller wanted $1200 for it. He waited 6 months and offered them $200...sold.

buckworks

6:58 pm on Oct 4, 2005 (gmt 0)

WebmasterWorld Administrator 10+ Year Member Top Contributors Of The Month



You need to think about business, not emotion. Emotion is for lovers.

It's only Tuesday, but that line has to be my quote of the week.

CHC

11:05 pm on Oct 4, 2005 (gmt 0)

10+ Year Member



"probably purchased the domain for no more than £2"

Please tell me where I can purchase domains for £2. I am an accredited registrar and I pay more than. Who on earth is this guy? This has to be a wind-up. And his other comments almost beggar belief. I am expecting Jeremy Beadle to step out at any minute.

BushBurner

1:36 am on Oct 5, 2005 (gmt 0)

10+ Year Member



£2 might be a little low, but I can pick up domains for around the £10 <snip>. But that's not really the point. In my opinion registrars like yourself should think about another line of work if you're not willing to trade domains at a fair price. Yes you're running a business which needs to stay afloat, but I'm trying to start a business and buying domains for extortionate prices wasn't part of my business plan. I'd be willing to pay a fair price (£100 - £200), but I won't pay over the odds without justification, and so far there has been none. You must excuse my almost purist attitude, which probably comes from buying apples from the local market rather that Tesco's :0)

[edited by: Webwork at 2:27 am (utc) on Oct. 5, 2005]
[edit reason] Let's not discuss domain registration fees or spam-a-rama will follow [/edit]

MrSchmidt

2:27 am on Oct 5, 2005 (gmt 0)

10+ Year Member



Go to some of the popular domain name forums and post in their "domains wanted" section for the type of domain you're looking for. You might find a better name than the one you're pursuing or you might find out that the one you want is worth what their asking.

[edited by: Webwork at 2:28 am (utc) on Oct. 5, 2005]

zoobie

3:01 am on Oct 5, 2005 (gmt 0)

10+ Year Member



Did you try offering your £100? If so, wait a while and try your £200.

buckworks

3:15 am on Oct 5, 2005 (gmt 0)

WebmasterWorld Administrator 10+ Year Member Top Contributors Of The Month



My grandmother used to say that it's a waste to pay too much for something, but you can waste a lot more if you don't pay enough.

nativenewyorker

2:05 am on Oct 6, 2005 (gmt 0)

10+ Year Member



BushBurner said:
they probably purchased the domain for no more than £2

It is a common misconception that domain dealers pay prices approximating registration fees for their inventory. That being said, BD/saggydimes has on numerous occasions, bought domains at prices of 4 figures and up.

BushBurner said:

trade domains at a fair price

Fair prices are determined by the market variables of supply and demand. If a domain is priced reasonably, someone will buy it. If it is ridiculously priced, people will look for lesser priced alternatives.

M3Guy

11:35 pm on Oct 9, 2005 (gmt 0)

10+ Year Member



Ok, so I'm coming in to this late, but hey ho.

If the .com is not available, or it is available at a price higher than you want to pay, buy the .co.uk or the hyphenated version.

If it's for a business you're setting up, then no doubt you'll be printing it all over your headed paer etc. anyhow, on top of that, if you're worried about people typing in your company name and getting someone else, get a good seo team on the case.

.com is not the be all and end all, i have numerous sites that rank in the top 5 for various terms, and not one of them is a .com.

You say you're UK based, if thats the case then a .co.uk on a UK host will work better for you on ranking than a .com anyway.

Just my opinion, feel free to ignore it