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Is this a good idea? to make 100k?

Discussion in 'BlackHat Lounge' started by ways2012, Mar 7, 2011.

  1. ways2012

    ways2012 Regular Member

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    I know a company that was selling money products but they just turned over to be a bank. Now I have been checking by curiousity what they are using on their new domainname like .com .net etc but there are a lot still opened like .org .biz .mobi etc Maybe someone forget to buy all posibilities? But it is a bank now in only one country that are speaking mostly one language. I planned to buy all the other posibilities and waiting untill they ask me for a price with the time. On this example the bank is making lots of advertisements now because they are brandnew. Is this a good Idea to make some good money later on? Or is there also a way to force them to pay some nice amount of money to get those domains by their mistake? very curious to know what your opinions are on this. And if I cant get any problems for later on by using an others name for a website.
     
  2. pasdoy

    pasdoy Power Member

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    sadly you will get 0 for it. If they ever want it badly, they will just send you a lawsuit for using their brand name.
     
  3. ways2012

    ways2012 Regular Member

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    But if I just add a text like: Website for sale, interested? contact......
    Them Im actualy doing the same as goddady and other domainname distributors are doing ? nothing wrong with that? and if they want to buy it from me they have just to pay some more money. Im not going to crash their brand name orsomenthing like that?
     
  4. kboxer7

    kboxer7 Jr. VIP Jr. VIP Premium Member

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    Hmmm interesting. Anyway, you could buy the domain names for new businesses that open in your town/city. Then do a redirect to their competitors' website and send fake traffic to the domain. Install analytics and show them how many visitors they are missing out on that are going to their competitors. Then sell them the domain for a premium = )

    Or just do the above the whitehat way and do NOT send fake traffic. Call new businesses to congratulate them on opening and that you love to support the small biz community so you are giving them XXXXX as a welcome gift to the neighborhood.

    Then add other stuff for the upsell...domain name, website design, hosting, marketing, etc.
     
    Last edited: Mar 7, 2011
  5. ways2012

    ways2012 Regular Member

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    Yes thats also a very nice idea to monetize this.. So there is potential in this. But how about the laws? Is User Pasdoy right about this?
     
  6. IamNRE

    IamNRE Jr. VIP Jr. VIP Premium Member

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    Occupation:
    Generate Leads With FB Ads For Just $1
    Home Page:
    This is
    a 100K business model. Try again.

    Check out 4hww by Tim Ferris and Rich dad poor dad by Robert Kiyosaki.
     
  7. kboxer7

    kboxer7 Jr. VIP Jr. VIP Premium Member

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    You would be in possible copywright/trademark infringment if you built a website on that domain that was NOT easily discernable from the actual site AND/OR if it was in a niche directly in competition with that bank.

    Example: If you built a site selling lawn mowers on that domain then users (web viewers) could easily dicern that this was NOT the bank's site and you would not be in violation.

    However, if you built a site on that domain in ANY financial niche then users could potentially think that site was associated with the bank's site and you could be in trouble if they took you to court.

    Your best bet is to just "Park" the domain....like what Godaddy does. Do not put a site on it. You could put "For Sale" or something like that. Then approach the bank as a domain broker selling the domain.

    Good luck!!!
     
  8. Nick Flame

    Nick Flame Executive VIP Premium Member

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    If they have trademark on that domain name, they will get you regardless of what you post there. Even if you manage to keep the domain by some miracle, you will be forbidden to post ads on it, so no one else will buy if from you and you can't monetize it.

    And you think you are going to make 100k from such a stupid idea, domain squatting?

    Guess you read too many warrior forums threads or sales pages...
     
  9. ways2012

    ways2012 Regular Member

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    Lol hahaha Im a noob on internet stuff but I got the idea from my self and whent just curious if it would be really possible. And 100k was maybe exagerating but okeee.
     
  10. ways2012

    ways2012 Regular Member

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    All very usefull answers thank you veyr much Im going to buy the domains and park them and see what happens later. Just by a little research I guess lots of the banks are using all the .com .net etc combinations to their brandname on rediricting way.. And it really exalted when I saw this bank is just using 3 of those possiblitiys and its making adwords ads ,like crazy on youtube msn everywhere everyday for now. And they just started, contracting new people etc maybe they where noobs to this. But the bank could use this """trouble with me having their brandname domain"" to get more popularity.. I hope the best. Just gonna buy them all.
     
  11. kboxer7

    kboxer7 Jr. VIP Jr. VIP Premium Member

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    Let us know how it turns out. If you want to stay on the safe side just buy the domains but don't host them or put anything on them. I'm sure you'll be able to sell them to the bank at some point. Just not sure how much you'll get from them.

    And to Nick Flame's point, you could always double-check to see if the actual domain name is Trademarked. If it is a bank, then more than likely it is. That is why earlier I suggested working with smaller businesses who often do not trademark their names.

    Cheers
     
  12. ways2012

    ways2012 Regular Member

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    but maybe the idea of hosting it and just adding a white page with a text FOR SALE and it apears on google search when they see it, it will force them to buy it?
     
  13. ways2012

    ways2012 Regular Member

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    Maybe this a better Idea. Put fore sale at 100k and hosting it and creating lot of backlinks on news related sites blogs and so it could apear on a nice page number in google. This will actualy force them more.....? And this is nothing legal I guess? And like NICKFLAME said about the trademark and I've made a research and it says on their website their namebrand is trademarked. So ?
     
  14. clyde

    clyde Elite Member

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    Don't waste your time.

    You have better chance at getting rich with Russian Roulette.

    All it takes for them is a lawyer that will file a UDRP.

    and the domains will be handed over to them.

    Nobody ever made money with this.
     
  15. Nick Flame

    Nick Flame Executive VIP Premium Member

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    First time they will send you an official letter from their lawyer you will probably freak out and transfer the domain for free.

    By the way, if you offer to sell them the domain at any price higher than registration fee, that is enough proof for them to take you to court by claiming you were trying to extort them, by trying to benefit from their trademark.

    Parking them is still monetizing the domain and you could get in trouble, and most parking companies do not accept trademarked domains, or misspells of trademarked domains as you can be sued.

    Building links and content on them is very stupid, when they will get your domain, you will lose all the effort.

    The most you can do, buy them and holds them, but do nothing on them, and have no big expectations.
     
  16. ways2012

    ways2012 Regular Member

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    Nickflame is all right.. I've seen your post in some threads Im amazed by your knowledges.. You told me the same as the person on this domainseller website chat

    Nelly D.: Hello, you've contacted Live Support! How can I help you today?
    Jonathan: Hello had one question before I buy a bulk domains
    Nelly D.: Please feel free to ask
    Jonathan: There is a bank using a domain name .com , .net, . mobi
    Jonathan: its a new bank just started
    Jonathan: Can I get in trouble if I buy all the others like .org .co .tv etc?
    Nelly D.: It is possible that this institution will demand transfer or cancellation of these domains
    Jonathan: So thats possible after I've bought those domains?
    Jonathan: Then they are in my propperty
    Nelly D.: If a trade mark infringement is involved, the trade mark holder can request the ownership of the domains
    Jonathan: and when they request the owner ship of those domains then I lose my money ??
    Jonathan: Or I can make my price to them in that case?
    Jonathan: hello?
    Nelly D.: In case when a trade mark infringement is involved, the trade mark holder can request the transfer of the domains, otherwise they can file a court complain
    Nelly D.: You will not receive any kind of refund in this case
    Jonathan: oke
    Jonathan: thank you ver much


    So for others interested this is seems not to be a good Idea or a 100K project LOL. I will continue now with my other projects and leave this. I was so enthousiasted that I bought the domains immediatly but will now just HOLD them as nickflames recommends here and see what happens. Thanks to all.