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Domain name being held but not used. What can I do about this?

Discussion in 'General Entrepreneur Discussion' started by Visibles, Jun 18, 2018.

  1. Visibles
    Offline

    Visibles New Contributor

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    Joined:
    Apr 18, 2018
    Gender:
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    Location:
    Philadelphia
    Rep Bank:
    $18
    Since my post last week I've made tremendous progress into an idea that I feel has serious potential in supporting and connecting non-traditional employees and employers.

    During some preliminary research into feasibility, practicality, and if the idea already exists I searched the domain name I was hoping to use and found that it is currently being held by this company: uniregistry.com

    They are currently asking for $20,000 minimum offer to secure the domain. I felt that this was an exorbitant price considering the name is not being used for any real website or service.

    Is there anything I can do about this besides pay the $20,000? Is this price standard when beginning an online business and I should just swallow the pill and try to pay it?

    Would I be better off just finding a different name and hoping it isn't already taken?
     
    Last edited: Jun 18, 2018

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