There are many uses and benefits of IDNs and just one of these is domain name speculation. Domain name speculation is process of purchasing what are thought to be highly desirable names with the hopes that someone else will wish to use that name and then purchase it at a higher price. This process can be very lucrative, but there are some steps you must take to avoid cyber squatting and ending up in some muddy legal water.
Avoid Cyber Squatting
Once you know the difference between domain name speculation and cyber squatting its quite easy to avoid the latter. Domain name speculation is value speculating based on generic names. For example shoes.ws in Arabic: أحذية.ws is an okay purchase and may return big profits in the future. However, specific names such as SteveMadden.ws are off limits. This is because these are tied to a specific brand which would want to own that site. Purchasing sites like these can cause you to end up in some legal hot water and lose the domain with no return on investment and possibly pay a fine. Get creative in the generic names you choose and stay away from trademarked or branded names.
Get in Early
Domain name speculation can often evolve around current events and trends, but also around the launch of a new top level domain launch. That is just what the .ws IDN is. There are a large number of top domains available for purchase, so getting in early is key to having a return on investment. Once you have purchased these domains in the beginning, there is a chance you can quickly flip them. These domains will still be hot and in demand, but you were able to get them first. When you can rapidly purchase a domain and sell it, this is called flipping. So start buying those top domain names and flipping them for a great return.