Domain Name Parking And Reselling Business

Ranked #10,759 in Internet, #413,194 overall

It's the business of 'domain name parking' and reselling, and since the mid 1990's to date Domain name parking and Reselling has become a multi-million dollar global industry.

It was revealed that the Jamaica Tourist Board (JTB) has recently acquired an Internet domain name, VisitJamaica.com, from a United States company at a cost of about $275,000. And also business.com was sold for a price of $7.5 million dollars. Whether or not that domain is actually worth the amount spent is one thing, but to the uninitiated, this is just one of numerous similar transactions which take place across the world on a daily basis

When you've 'parked' a domain name, all it simply means is that you have bought the rights to it for a defined period of time (anywhere between one and 10 years). The only two ways in which you can lose ownership of a domain name that you have parked and that is:

* If you fail to renew your ownership of the name at the end of the defined period, and someone else then goes and registers it for themselves and

* If you are ordered by a court of law (if within jurisdiction) or the agency charged with copyright and intellectual property protection with regard to domain names (the World Intellectual Property Organisation) to relinquish rights to the domain name in question.

Money To Be Made With Domain Name

In reality, there are three types of people who park domain names. One of them is the opportunist, who hopes to make money through monetizing their parked domain names, and also to resell it in the future for big bucks. Yes, there's money to be made in this business.

The figure quoted for the purchase of VisitJamaica.com is pocket change compared with the sums that others have shelled out in the past for certain names. Way back in 1999, for example, the domain name Business.com was sold for a reported fee of $7.5 million.
The individual who has a personal or business idea and intends to use the domain name for that purpose in the future, also parks domain names. You may intend to sell American yams on-line sometime in the future, and so you park americanYams.com with the intention of utilizing it for the intended purpose in the future.

The other is the individual or company that is looking to protect their own intellectual property or business name. XYZ Company may look to park the domain Xyz.com in order to prevent someone else from registering it and seeking to benefit from the popularity of XYZ's name.

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Source OF Controversy In Domain Name

Domain name parking has always been a source of controversy. There are almost constant debates and legal battles over the rights to various names. There have been winners too. Back in 2000, the (the World Intellectual Property Organisation) WIPO ruled that a businessman who had parked Madonna.com should transfer ownership of the domain name to the 'Material Girl' herself, the pop superstar Madonna.

There have also been losers. Both the Government of New Zealand and the City of Madrid have also lost battles to gain control of NewZealand.com and Madrid.com respectively.

And there are those that have seemingly chosen not to fight. The JTB, for example, has apparently decided against seeking rights to Jamaica.com via the (the World Intellectual Property Organisation) WIPO. Controversial as it may be, domain name parking is an important part of global cyber culture. What's important though is that individuals, businesses and governments should not be tardy in protecting what may rightfully be theirs, by registering and protecting their domain names.

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Domain Name System And Structures

Introduction

An effective Domain Name System (DNS) is critical to Internet access speeds. The bandwidth of your Internet connection is irrelevant if the DNS system is slow. An effective Domain Name System (DNS) is critical to Internet access speeds.
DNS is essentially the telephone directory of the Internet. Just as a phone number such as 604-525-4855 is mapped to a name like John shawn, every device that communicates over the Internet has a unique, machine-readable IP address that is mapped to a human-readable domain name such as www.topboast.com. If you need to contact that device, you can use its domain name. DNS supports high performance, availability, and scalability through the use of data hierarchies, data replication, and caching.

The Structure of a Domain Name System (DNS)

DNS provides a name lookup facility that is similar to a standard telephone directory. To perform lookups, DNS relies on a distributed system of name servers and a standardized language to query these servers. Each name server stores a portion of the overall name space, and can contact other name servers to lookup names outside its name space.

The three main components of a DNS system are:

* Domain Name Space: defines the overall naming structure of the Internet

* Name Server: maintains a portion of the domain name spaces, resolves lookups, and maintains a cache

* Domain Name Resolution: maps a domain name to an IP address

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Domain Name Space

The domain name space defines the overall naming structure of the Internet. The name space is consists of a tree structure of domain names, with a root domain at the top. Immediately below the root domain are the major domains such as .com, .net, and .org. From these domains, the name space can branch into multiple paths, with each intersection point called a node and labeled with a simple name. DNS processes a domain name from right to left, with the highest-level node represented at the far right, and the lowest level node at the far left. The node labels are separated by dots. Examples include topboast.com, sqiuddo.com, and thenextsweb.com.

The domain name of any node in the tree is the sequence of node labels leading from that node all the way up to the root domain. The domain name of any node in the tree is the sequence of node labels leading from that node all the way up to the root domain.
The top-level node (appearing farthest to the right) identifies the geography or purpose (for example, the nation covered by the domain, such as .uk, or a company category, such as .com). The second-level node (appearing second from the right) identifies a unique place within the top-level domain.

Domain names can contain up to 255 characters consisting of: characters A to Z, 0 to 9, and/or "-"; 63 characters per node; and up to 127 node levels. To ensure that each node is uniquely identified, DNS requires that sibling nodes - nodes that are "children" of the same "parents" - be uniquely named. For example, these "absolute" names are unique: stocks.topboast.com.com and biz.af.mil.

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Domain Name Zones

A zone consists of a group of linked nodes served by an authoritative DNS name server (the final authority in providing information about a set of domains). The name space tree is sub-divided into zones. A zone consists of a group of linked nodes served by an authoritative DNS name server.

A zone contains domain names starting at a particular point in the tree ("Start Of Authority") to the end node or to a point in the tree where another host has authority for the names. A zone contains domain names starting at a particular point in the tree ("Start Of Authority") to the end node or to a point in the tree where another host has authority for the names. For example, the top-level .gov domain has the subdomains wa.gov, tx.gov, co.gov, for the states Washington, Texas and Colorado. The .gov zone file contains pointers to the sources of data for tx.gov, co.gov and wa.gov.

Similarly, if the wa.gov domain delegated authority for dol.co.gov to the information system section of the Washington State Department of Licensing, the zone file for wa.gov only contains a pointer to the data source for dol.wa.gov.

Domain Name Resource Records (RRs)

Each node in the tree has one or more resource records, which hold information about the domain name . RRs can store a large variety of information about a domain: IP address, name server, mail exchanger, alias, hostname, geo-location, service discovery, certificates, and arbitrary text. RRs can store a large variety of information about a domain: IP address, name server, mail exchanger, alias, hostname, geo-location, service discovery,certificates, and arbitrary text.

R Rs contain information such as: Start-of-Authority (SOA) Record
When a zone file indicates to a querying server that this is the authoritative record for this domain, it says to the query, "You Have Arrived". The SOA contains the following data fields:

* Serial Number: indicates number of changes to the zone file. The number increases as the file is updated.
* Refresh: tells the name server how often to check to update its data
* Retry: tells server when to return if it is unable to refresh the data
* Expire: tells how long the data can sit before it is too old to be valid
*Time to Live: tells other servers how long to cache the data they have downloaded

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Name Server (NS) Record

An NS record is a record that indicates which computer is to be used to retrieve information about the domain name space for a particular domain name. A Host Name Server contains information about "your" computer and supplies IP addresses that are associated with it.

Mail eXchange (MX) Record

MX records specify the mail server address for the domain name. This record allows email addressed to a specific domain to be delivered to the mail server that is responsible for it. The mail server is a host address. There can be a number of mail servers associated with a MX record. Each server has a priority set for mail receipt

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Address (A) Record

This record tells the name server the correct IP address for the domain. The name server that is authoritative for the domain contains all the information necessary to resolve this name.

Canonical (C-NAME) Record

C Name records provide name-to-name-to-IP address mapping for any domain name aliasing. The difference between CNAME and "A" records is that the C NAME resolves to another domain name that then resolves to an IP address.

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