Electronic marketplace used to lease domain names and redirect web surfers from leased domain names
An electronic marketplace allows owners of unused Internet domain names to lease the domain names using a bidding process. The system allows owners to monetize domain names and lessees to obtain customers who are redirected from targeted domain names.
1. A method for leasing of domain names, comprising:
(a) receiving domain names from lessors at an electronic;
(b) presenting the domain names for lease of redirected traffic utilizing the electronic marketplace;
(c) receiving a bid from each of a plurality of bidding lessees at the electronic marketplace, the electronic marketplace including information on lessors, lessees, bid terms, and payment transfers from lessors to lessees, each bid being for a bid amount and at least one keyword;
(d) associating each bid with a respective domain name by associating the keyword for the bid with at least one of the domain names;
(e) comparing bid amounts associated with the domain name by a respective keyword to determine at least one winning bid; and
(f) automatically redirecting traffic associated with the domain name to an internet site associated with the winning bid of a winning lessee.
2. The method of claim 1 , further comprising:
(a) determining the total revenue received from a bidding lessee; and
(b) selecting a winning lessee from the bidding lessees at least in part based on the total revenue received from the bidding lessee.
3. The method of claim 1 , wherein the winning lessee is the exclusive recipient of redirected traffic during a specified time period.
4. The method of claim 1 , wherein a plurality of winning lessees receive redirected traffic during specified time periods on a prioritized basis established by weighting at least one variable selected from the group consisting of the monetary amount of each winning lessee's bid, keywords provided by each winning lessee, the total revenue received from each winning lessee, time of day specified by each winning lessee's bid, and the geographic location of each winning lessee.
5. The method of claim 1 , further comprising:
(a) receiving from each bidding lessee a cap to the amount spent in a specified time period for redirected traffic; and
(b) redirecting traffic away from the internet site of a winning lessee when the amount spent reaches the cap.
6. The method of claim 1 , wherein a bidding lessee bids for redirected traffic from a plurality of domain names.
7. The method of claim 1 , wherein a bidding lessee may submit new bids at any time in an attempt to outbid a prior winning lessee for redirected traffic, further comprising:
periodically automatically repeating (c) to (f), wherein the winning bid changes from one lessee to a new lessee, the new lessee thereby becoming the new winning lessee.
8. The method of claim 1 , further comprising:
utilizing the electronic marketplace to automatically place a sponsored link on a lessor's domain at times when no successful bids from lessees have been received for redirected traffic from the domain.
9. The method of claim 1 , further comprising:
(a) collecting payment from the winning lessee; and
(b) transferring payment to the lessor of the domain name.
10. A computer-readable storage medium having stored thereon a set of instructions that are executable by at least one processor of a computer system to carry out a method of leasing domain names, comprising:
(a) receiving domain names from lessors at an electronic marketplace;
(b) presenting the domain names for lease of redirected traffic utilizing the electronic marketplace;
(c) receiving a bid from each of a plurality of bidding lessees at the electronic marketplace, each bid being for a bid amount and at least one keyword;
(d) associating each bid with a respective domain name by associating the keyword for the bid with at least one of the domain names;
(e) comparing bid amounts associated with the domain name by a respective keyword to determine at least one winning bid; and
(f) automatically redirecting traffic associated with the domain name to an internet site associated with the winning bid of a winning lessee.
11. A computer system for leasing of domain names comprising:
at least one processor;
a storage device connected to the processor; and
a set of instructions on the storage device, the set of instructions being readable by the processor and including:
a domain name receiving module to receive domain names from lessors;
at least one data store to store the domain names;
a presentation module to preset the domain names for lease of redirected traffic;
a bid receiving module to receive bids from each of a plurality of bidding lessees that includes information on lessors, bid terms, and payment transfers from lessors, each bid being for a bid amount and at least one keyword, the information being stored in the data store;
an association module to associate each bid with a respective domain name by associating the keyword for the bid with at least one of the domain names;
a comparing module to compare bid amounts associated with the domain name by a respective keyword to determine at least one winning bid; and
a redirection module to automatically redirect traffic associated with the domain name to an internet site associated with the winning bid of a winning lessee.