Demand based domain name auctionability
View Patent ↗A method for identifying a registered domain name as auctionable is provided. The registered domain names may be pulled from a database of desired domain names, such as a collection of domain names that one or more interested entities have requested to register using a domain name registration system. Requesting a domain name may be probative of demand for the domain name. Accordingly a domain name receiving a threshold level of interest may be tagged as auctionable. For example a domain name may be tagged as auctionable when a total number of interested entities is at least equal to a minimum threshold of interested entities. Tagged domain names may be acquired by an escrow agent when a current registration expires and auctioned among interested entities. In addition, the owner of a tagged domain name may be notified to see whether the domain name can be auctioned before expiration.
1. A host computer-implemented method for initiating an auction, driven by demand-side interest for a domain name already registered to a current registrant, the method comprising the steps of:
identifying at least one entity indicating interest in a domain name, the entity indicating interest through the use of a remote computer communicating with the host computer;
storing in the host computer a list of said entities indicating interest in the domain name;
in the host computer, counting a number of said entities on the stored list in order to quantify a level of interest in the domain name;
in the host computer, comparing the indicated level of interest in the domain name to a predetermined number of entities reflecting a threshold level of interest; and
if the indicated interest at least equals the predetermined threshold interest, informing the registrant of the domain name of an auction potential represented by the number of said entities on the stored list by sending a communication from the host computer.
2. The method of claim 1 further comprising the step of conducting an auction on behalf of the registrant among the entities on the stored list.
3. The method of claim 2 wherein the auction is conducted via a Web site.
4. The method of claim 1 wherein the step of identifying the at least one entity includes receiving from at least one entity a request to monitor a status of the registration for the domain name, the monitoring request communicated to the host computer from the remote computer.
5. The method of claim 1 wherein the step of identifying the at least one entity includes receiving from at least one entity a request to register the domain name once the name becomes available for registration, the registration request communicated to the host computer from the remote computer.
6. The method of claim 2 wherein the step of identifying the at least one entity includes receiving from at least one entity a request to facilitate an auction for the domain name, the auction request communicated to the host computer from the remote computer.