Getting your hands on a domain name that is sure to give your website the recognition factor it needs to succeed is going to be one of the biggest challenges you face while building your website. That’s why it’s important to understand all of your options in regards to actually acquiring the domain name you’d most like to have.
Most people simply assume that they need to come up with a brand new option that’s never been used before, but there are actually many choices and many things to consider before you decide once and for all. Let’s take a closer look at what you need to know about acquiring a domain that you and your business can grow with for many years to come.
Understanding the Status of an Existing Domain Name
Once you decide on a name you’d really like to have for your new website and check its availability, you’re going to see any one of a number of possible statuses. It’s important to understand what each of those means before you proceed.
Available: If a given domain name shows up as “available”, that means that it yet to be registered by any previous party. It also means that it’s available to anyone who would like to purchase it. This status is pretty much what every web builder hopes to see when they check the availability of a name they want, as it comes attached to the lowest number of obstacles.
Registered: This means that the name is already owned by another person and is not officially available in any capacity. However, sometimes it is possible to obtain the contact details of the domain holder in the event you’d like to make them an offer or lease the domain according to a contract.
On Hold: This status indicates a domain that has been blocked by the associated registry because of an issue. It may be under investigation or the owner of the domain may have been found in violation of the appropriate eligibility criteria.
Blocked: This indicates a domain that has been officially blocked and cannot be registered for any purpose.
Application Pending: This status indicates that at least one person has applied for the right to own this domain name. The agent or agents assigned have yet to evaluate all of the candidates involved.
Reserved: Like “blocked”, this status indicates a domain name that has been previously earmarked and set aside, probably by the government or other authority. It cannot be registered or used for that reason.
Deleted: If a given domain shows up as having been “deleted”, then it will soon be made available to the general public after a period of 40 days. At that point, you’ll be able to take your chances at acquiring it for your own purposes.
Leasing a Domain Name
In addition to purchasing a domain, you also have the option of leasing a domain name from its current owner. Leasing a web domain works in much the same way leasing an apartment or car works. You enter into an agreement with the actual owner of the name. You pay a price you both decide on for the privilege of using the name despite its belonging to someone else. As we power ahead into the 21st century, leasing is becoming more and more popular. Not only is it a great way for domain owners to make extra income, but it’s a desirable and smart way for today’s web developers to gain the use of premium domain names for prices that are actually affordable.
In order to explore the possibility of leasing a domain, you contact the lessor (the person under whose name the domain is registered). You then discuss the terms of a possible lease if both of you are interested. A proper contract should be drawn up to protect the interests of both parties. Time frame, price, and usage conditions should all be included. It’s also advisable that you have a legal professional peruse the contract before signing on the dotted line.
Once the contract is finalized, the log-in information and other data necessary for operating the domain should be handed over by the lessor according to the contract. Depending on the terms of your contract, you may or may not be able to revise this information once it’s in your possession. Make sure this is clarified before you sign your contract.