On Hold Pending Redemption
I've been looking for a new domain name for a project idea I've got. I was amazed to find a one-word real-word domain that is On Hold pending redemption. When I clicked on the explanation it said:
Quote: REDEMPTIONPERIOD: The registry sets this status when a registrar requests that the domain name be deleted from the registry and the domain has been registered for more than 5 calendar days (if the delete request is received within 5 days of initial domain registration it will instead be deleted immediately). The domain will not be included in the zone. The domain can not be modified or purged; it can only be restored. Any other registrar requests to modify or otherwise update the domain will be rejected. The domain will be held in this status for a maximum of 30 calendar days.
Can somebody break this down into newbie-language for me. I mean, I'm not a newbie and I've been making sites for years but just as a hobby. I've never dealt with trying to get a site from redemption.
Given the fact that I haven't told you the word so it may be hard to advise me, what do you suggest I do? Should I absolutley use one of those backorder services? (If I do I would use GoDaddy) What happens if I don't get it? They say I'll be able to apply my backorder to something else but I don't want to backorder anything else.
If one of the very-regular guys/gals whom I "know" I can trust (1000 posts or more) want to PM me for the domain, I suppose it would be safe to tell them the domain name... right? Stop me if you disagree!
fifeclub posted this at 16:01 — 5th April 2005.
He has: 688 posts
Joined: Feb 2001
Update: I got it
Note: This thread isn't about redemption period any longer but I didn't want to start a new thread.
I got the domain and I didn't use a backorder service. Other than an update, now that I can tell you what it is, I now want to ask your opinion on the value of my new one-word domain.
The word is preditor and the tld is .net (I didn't want to put them together because everytime I mention sites of mine, WMF shows up in search results.) It's short, aggressive sounding, and is the popular name of countless businesses, products, and sports teams. So the word may be popular, but that isn't why I looked for it in the first place.
I'm a television producer who also edits. The industry term for such a person is a preditor so it fit with my plans to create a website for my profession². I have since discovered that this is also a term used to describe professionals in the computer programming industry, as they are referred to as programmer/editors.
So I have reason to use the domain if I want, but if I don't use my new name for my intended purpose, do you think it has some value on the open market? If so, how much (not dollar values but just a lot or a little)? And what marketplace do you recommend?
²Note: I asked many other professionals in my field and found that although that term preditor is commonly known, it wasn't even close to universally known. About 75% knew, so 25% didn't/wouldn't understand the significance of the domain name. So I'll probably use a different domain which I also bought for my idea.
Busy posted this at 22:32 — 5th April 2005.
He has: 6,151 posts
Joined: May 2001
You might want to check if that name is registered (trademarked) as it's also a brand/make.
Like anything in life it's really only worth what someone is willing to pay. It could earn you a lot being a single word but if the word is known for other things may not be worth much - test the waters.
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