Register a Domain Name for Profit
A Web Hosting Article Contributed by Raj Rao
Can You Legally Register a Domain Name for Profit?
Yes, you can register a domain name for profit. However, this must be done legally and safely without infringing on any Intellectual Property like Trade Mark.
There is an acute shortage of meaningful domain names. Almost all the domain names that have some meaning in the standard thesaurus have already been booked. However, this is not always the case. There are several hundreds of domains that expire everyday due to non-renewal by its owner. Secondly, there are domain names that you can form by intelligently combining two or more words, which may still be available. Besides, several domain names that have meaning in a regional language but may sound meaningless in English are also available.
Avoiding Legal Trouble While You Register a Domain Name for Profit
Before you register a domain name for profit, you should be aware of the legal implications of infringing on the Intellectual Property of somebody else. Therefore, it is always good to verify the domain name against the Trade Mark Registry to ensure that there is no specific Trade Mark granted for the words being used in the Domain Name.
It is also important to ensure that you do not register a Domain Name that has inadvertently expired due to non-renewal, and the domain was otherwise connected to an existing business. Although, this is not strictly illegal, legal notices could be sent to you which you may need to respond and convince your bonafides to register the domain name.
Tips on How to Register a Domain Name for Profit
There are several ways to make profit by registering a domain name. Following are some of the well known methods:
a)After you register the domain name, develop a website that is appropriate for the domain name, even if you do not have the resources to manage and build the business around the website. You are bound to find somebody who is keen to acquire a ready-to-use website that suits his purpose.
b) If you are fortunate to find a domain name that already has a high ranking in Search Engines, you can lease the website to companies that promote web site links and banners through the site.
c) You can put-up the domain name for auction at one of the specialized Domain Name secondary market or on ebay.com.
d)You can approach the domain owners of similar domains who have good business on the Internet to use another domain name to point to their existing business to increase the traffic.
e) You can always consider developing a business around the domain name, especially using already existing resources and partnerships with other websites offering similar services. For instance, if you have a good domain name about Astrology, you can tie-up with other Astrology service providers and use their resources to sell their services, without any investment at your end.
Finally, it could be beneficial to hold onto the Domain Name for a year or two to see if there is any new business opportunity coming your way.
