Re:Domains are inefficiently priced -- small domain owners a...
by what on Wednesday August 18, 2010 @06:38PM
(#1615854)
Snapping up domains names to sit on them and resell them at a SIGNIFICANTLY higher price when someone finally wants them is commonly referred to as squatting. It doesn't matter what the official definition is. People will use words as they see fit.
As far as negotiations and tracking down buyers... it varies. I've done domain investing for a living for many years. Most people big or small are quite easy to contact. Some big guys are a real pain to deal with (it's not worth their time to sell even for a few grand). Some small guys are more than happy to sell a name they no longer use. I cannot generalize from my experience which type is better/worse/harder/easier/etc. It's as unique as the domain you want.
Finally, most of these people aren't squatters. Squatters are violating someone's trademark, property owned by someone else. Using Beer.com and saying someone is squatting on such a name is complete and utter bullshit. It's a generic word, it's not being cybersquatter unless someone has a TM for beer on its non-generic purpose and that is what they are using the domain for. Thanks.