Why Cybersquatting Is A Good Idea

Cybersquatting in simplistic terms is buying or owning a domain name with the name of another person. Most "victims" of cybersquatters are people who are slow in registering and owning their own domains. Usually, domains owned by cybersquatters sport the names of popular icons, Hollywood celebrities, and members of the royal families. Recently, with the Hollywood baby boom, even the baby of controversial Tom Cruise has become victim of cybersquatting. Also, presidential and other political figures are also targets of cybersquatting. But they cannot do anything about it, because the laws on domain name registration are very fluid and possess many loopholes. Basically, anybody can register or invest in a domain name, regardless whether he owns the name or not. This makes for a perfect business opportunity.

I'm not telling you to do this nor am I endorsing that you make this your business. Let's just say that I am exploring possibilities. First, the cybersquatting law only considers your domain name illegal if it constitutes trademark infringement or if you do it with the intention of boosting your sales. So unless the name of that celeb baby or candidate is not trademarked or if you don't use the site to sell a product, there is nothing they can charge you with. That is why the domain names are selling like hot cakes; they're like real estate. The trick is to buy a domain, register it with a variation of a famous person's name, and just own it. There are free domain registration online that you need not shell out big bucks for this. Just own it; you don't have to put anything on it. When that particular famous person realizes that he can't own a domain name after his name, he would track you down and buy the site from you. Which of course, depends, if you consent to do so.

It might be a good idea to use names of the kids with fame-obsessed and egotistical parents. Say, like starlets and has-beens who think they still have a career. They may be mortified that you're using their names and riding on their imagined fame that they buy you out in no time. Again, as much as this seems to be a good business, I am not endorsing this... just exploring possibilities.