Greetings, Everybody,
I am new here, and very much hope you can offer me a wise advice.
A year ago or so I bought a .com domain which, as I have now found out, is strikingly similar to the name of an upcoming product by a large global corporation, hyped to hit $500m in annual sales. The difference is that my domain has the letter i where the product will have y (but same pronunciation). It is a random name, not alike any common word.
I haven't really used the domain; just parked it with some random pics - no ads, no logos, just the domain name and a neutral image.
Now, someone suddenly emails me, offering $4k.
What would you do?
On one hand, $4k is a nice profit on a $12 domain. On the other - who would offer that much money out of the blue for what is a weird, unpronounceable word, other than someone acting on behalf of the company? Or yet, maybe someone who will resell it to the company?
Can you advise? I would hate it if I sold it for $4k and then the buyer resold it for, say, $40k. What could be the price level in such situations?
Can the company use UDRP in such situations?
Thanks,
k
I am new here, and very much hope you can offer me a wise advice.
A year ago or so I bought a .com domain which, as I have now found out, is strikingly similar to the name of an upcoming product by a large global corporation, hyped to hit $500m in annual sales. The difference is that my domain has the letter i where the product will have y (but same pronunciation). It is a random name, not alike any common word.
I haven't really used the domain; just parked it with some random pics - no ads, no logos, just the domain name and a neutral image.
Now, someone suddenly emails me, offering $4k.
What would you do?
On one hand, $4k is a nice profit on a $12 domain. On the other - who would offer that much money out of the blue for what is a weird, unpronounceable word, other than someone acting on behalf of the company? Or yet, maybe someone who will resell it to the company?
Can you advise? I would hate it if I sold it for $4k and then the buyer resold it for, say, $40k. What could be the price level in such situations?
Can the company use UDRP in such situations?
Thanks,
k
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