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Reply #26: Squatters suck, and you'll have a hard time getting money from any of them [View All]

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Xithras Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-18-05 06:57 PM
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26. Squatters suck, and you'll have a hard time getting money from any of them
That trick really hasn't worked in years. In 1999 the anti-cybersquatting Consumer Protection Act passed, making this scam fairly worthless. Here's what will happen: If any of those pairs decide to make a run, you MAY get an email offering to buy it for anywhere from $50 to $150...there hasn't been a "name domain" offer higher than that in many years. If you refuse that offer, the campaigns media consultants will merely file a squatting complaint with the ICANN arbitration board. You will then be FORCED to explain why you have a binding, vested interest in keeping that domain (and hoping to profit from it doesn't count), and why your interest in the domain is more important than theirs. If your name is actually Warner Clark, you may have a case. Since I'm guessing that this isn't your name, ICANN probably isn't going to buy your reasoning. They'll pull the domain, give it to the petitioner, and you will receive $0 in compensation.

In case you haven't been keeping up, domain name abandonments are at record highs right now. One of the main reasons for this is that squatting is essentially dead as a profit center, and that domain names themselves have become profitless as the number of extensions continues to grow. There's no longer a scarcity, and with scarcity went value.

Unless you own an untrademarked major name like "shopping.com" or "stocks.com", you'll be lucky to get your money back out of them. I wouldn't even wager on you managing that, to be entirely honest. You're about a decade late with this scam.
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