Reasons to purchase a domain name.
If you think that you will have a website in the future then now is the time to secure one. If a specific domain name is available that refers to you or your business, then secure it before someone else gets your desired domain name. If you are company that has registered trademarks or brand names then it is also wise to secure your name even if it sits idle for an undetermined time period. If you wait the desired domain name may not be available for a long period of time, so don’t wait. Many people that register their domain will register them in more than one TLD. For example if you were going to register itsmywebsite.com you might also register itsmywebsite.biz and itsmywebsite.net. By doing this type of multiple registrations you protect your web name and it gives you future flexibility for the future. You may want to protect the possibility of you owning itsmywebsite.com and your competitor owning itsmywebsite.biz. The costs of registering multiple domains are low at SMP Info Tech so it could be a form of cheap insurance to protect your domain names. As a side note just about all of the three, four and five letter English words are gone. You might want to obtain a name based on your name and profession or interest. If you are a plumber and your last name is Wilson, you might register your domain as plumberwilson.com. .
Some people register domain names as a speculation with the thought of selling them for a profit. One of my customers registered some domain names like GDFRU.COM and has had some offers above the registration costs. The GDFRU.COM domain name stands for good for you. If you take a look there are a lot of domain names up for auction at domain name auction sites that lead to hundreds and thousands of dollars in profit. If you think of a domain name that might be in demand in the future and you own the registration, there is money to be made. You might even buy a domain name that has expired and is available with the thought that the domain name will be sought after in the future. Beware however not to infringe on trade mark names for they can be taken away from you. Be creative when you are buying domain names for the purpose of selling them at a profit, you should realize that only a small percent of the domain names sell for a substantial profit. If you don’t find a buyer, your domain name may sit on the auction block until you let it expires.
People who buy up domain names of existing companies in order to demand a ransom price for them are called cyber squatters. Again beware if you go this route because there are regulations from ICANN that prohibit these kinds of actions.
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This page may not contain all of the regulations for this TLD but is intended to give a general idea of the regulations imposed on this TLD.
SMP Info Tech is a reseller of Wild West Domains.
Wild West Domains is the registrar on record for any domain names registered through our Reseller website. Wild West Domains as registrar of record will send out renewal notices.
