What's your opinion on Domain Renting?

Discussion in 'General Business' started by oxidati0n, Oct 15, 2009.

  1. #1
    I know this has been posted many times before, but I am simply collecting feedback because I may be able to accomodate a solution if there is a quality need for it.

    Domain Renting is also known as leasing domains from other people.

    We have already acknowledged the following:
    - There's obviously no market for it to be used for startups, or businesses because of the factor of they can be stolen.
    - Users can easily remove the domain from the service if it becomes very popular, etc.
    - People would potentially want hundreds of dollars for renting a domain.
    - Most of the market would be for campaigns, proxy networks, blogging networks, or collecting traffic from domains.
    - People can leave the service after they have received their payment.

    If we had resolved all of the above problems to the highest standard possible, and the following below, would you be interested?

    Would you even in the slightest be interested in a service that:
    - Let's you make the exact same income from a domain when it's not in rental
    - Make potentially more through the rental fees.
    - Let other users contact you, and rent domain automatically without having to do anything (except renew the domain, etc).
    - We do the nameserver process without having any access to your domain, using our technology infrastructure that keeps your domain alive all the time.
    - WHOIS is always kept to the original owner, so it is always owned by the same owner.
    - Condones an API where developers can use our infrastructure in their own web applications to utilize our network.
    - Payments would also be automatically paid through Check, PayPal, and other demanding services without request!

    The purpose of this service is to 'set it and forget it' including your payments, renting, and other things. But, I don't want to know about my idea because I only have a very small portion of my business plan - but I would like to know if you was unsure about a business related to domain renting, would you use this 'service' that I have aforementioned?

    We have spent a long time fixing all of the potential issues, and if you're seriously interested in such a business idea please let me know on any ideas or feedback you have. If the information you have is very sensitive please contact me through the forums and I'll happily respond to your query.

    I won't reveal too much but we have a long time plan for this business and this final research will help us accomodate a better service. I'll be looking forward for your feedback.

    Thanks!
     
    Last edited by a moderator: Oct 15, 2009
    oxidati0n, Oct 15, 2009 IP
  2. mentos

    mentos Prominent Member

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    #2
    I think domain must be transfer to the service provider to ensure fair use policy.
    In other mean,the domain control still under owner name but its under control by company.
    This is to ensure renting domain party benefit is fully protected while not neglect the other party right to control the domain.
     
    mentos, Oct 16, 2009 IP
    Ibn Juferi likes this.
  3. oxidati0n

    oxidati0n Peon

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    #3
    There's many issues with that, including liability to the company, and would cause a lot of damage to the company. However, it could be possible to offer that as a option for safety to the general public! :)
     
    oxidati0n, Oct 16, 2009 IP
  4. AstarothSolutions

    AstarothSolutions Peon

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    #4
    Slightly confused.... for a start everyone only rents domains, you buy the use of a domain for a set period and do not own it indefinitely, ever.

    How can they be "stolen"? Ok, the person you rent it from could break the terms of your lease but then arguably so could ICANN or the other TLD registrars (though obviously less likely).

    Hundreds of dollars? If you are talking per day then maybe, I know more than one person who makes a very substancial income by leasing out their domains to others because they own so many 2 character .coms and also a series of highly desirable generic terms. It ultimately isnt any different to any other type of rent though.... a business considers the location, footfall etc and decides if the cost of the lease is worth it, doesnt matter if it is a physical shop on Oxford Street in London or www.Insurance.com

    The majority that lease domains that I know are certainly not proxies or bloggers, they are however people who have a way of getting a massive amount of income per visitor that is probably ultimately unsustainable due to grey area legalities or burning suppliers etc.
     
    AstarothSolutions, Oct 16, 2009 IP
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  5. tensmar

    tensmar Peon

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    #5
    - I think it is only worth considering to rent or lease domain names if they are "ultra premium" (domain names you would never be able to afford owning) but personally, I would never do it (regardless of the domain name).
     
    Last edited: Oct 16, 2009
    tensmar, Oct 16, 2009 IP
  6. oxidati0n

    oxidati0n Peon

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    #6
    But the purpose is, to either profit from a domain that is not currently in use. It has been going on for years, and simply giving an opportunity for users to actually have the option to play around or even purposefully build a service based around such an infrastructure gives them complete control.
     
    oxidati0n, Oct 16, 2009 IP
  7. MayaLocke

    MayaLocke Peon

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    #7
    I can't imagine why anyone would want to "rent" a domain, they are so inexpensive it makes more sense to purchase and build it.
     
    MayaLocke, Oct 20, 2009 IP
  8. Ibn Juferi

    Ibn Juferi Prominent Member

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    #8
    In a sense, everyone is already "renting" a domain from a domain registrar already.
     
    Ibn Juferi, Oct 20, 2009 IP
  9. oxidati0n

    oxidati0n Peon

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    #9
    That's saying we buy our houses but the government still owns it. It is a point that has no purpose, and the only way you will be removed access to a domain is if you abuse it or provide inaccurate WHOIS details. They can't take it because they want to, they can through will power, but for the reputation of their network it simply wont happen.

    Domain Registrar does not mean at all that they own your domain, it simply means they are the company that is responsible for your domain and it is designed for different registrars who offer their own unique sense of services, and registrars is what makes the domain industry a multi-billion dollar one. ICANN is the people that take the domain from you, domain registrars simply are at the convenience of the public and to make money, and domain registrars who are ICANN accreddited are companies who listen to ICANN like dogs.

    Hope it clears up things a little bit.
     
    oxidati0n, Oct 20, 2009 IP