This week in Singapore, the Internet Corporation for Assigned Names and Numbers (ICANN), which is the Internet body that oversees domain names, voted to open the control of domain suffixes a.k.a. gTLD (generic top-level domains) like .com, .net, .biz, etc. In the past they have allowed a total of only 22 suffixes. Going forward, companies will be able to apply for their own “vanity” suffixes or top-level domains.
Mom and Pop, hold on! Don’t get too excited, this is probably a little bit out of your league and whether that’s a good thing or not will likely be a matter for future debate. By and large, this should not affect business in Appleton or Green Bay, WI. Let me use an example, likely new suffixes will be .coke, .ford, .canon, and maybe .kc –you get the idea. This move by ICANN is designed for the BIG BOYS and the brands that can afford it, not small or medium-sized businesses.
How Are They Targeted for the Big Brands?
Prices start with a $185,000 non-refundable application fee, plus an additional $25,000 annually just to operate the registry. Ouch! Now, that will keep a lot of businesses out, won’t it? Add in the whole legal cost of paying off cybersquatters to protect those trademarks and maybe Mom and Pop should be happy not to have been invited to this game.
The first round of applications will begin acceptance from next January to April (2012) and start appearing on the Internet by the end of 2012. ICANN will require those applying show a legitimate claim to the name they intend on buying and are hiring hundreds of consultants to adjudicate all of these claims. For those that apply and get turned down, please note that I said ‘non-refundable’ above. That’s right, if you get refused on whatever grounds, you lose $185,000.
Internet interest has of course spiked within all of the social media networks for this subject. The main concern seems to be that corporate interests are once again winning out over the general populace. Some of the other concerns are: 1) user confusion on the URL structure, 2) that there will not be any way to validate URL structures or emails without trying first them, 3) how search engines may be further manipulated, 4) the introduction of offensive domains like perhaps .nazi. and finally 5) those that invested in expensive .com domains will find the value of these assets greatly diminished.
Time will tell if this is a good thing, a bad thing or if it truly even matters. Right now, it looks like our kids will someday wonder what a .com even was.
Social Energizer’s purpose is to help companies develop lasting relationships with their customers and increase their visibility online.
In addition to building dynamic and affordable websites, we integrate inbound marketing techniques into each business’ current marketing plan and utilize digital channels and strategies like Blogs, Twitter, Facebook, LinkedIn, Search Engine Optimization, and Web-integrated Email Campaigns.