Perfect domains for small businesses are being grabbed and not being used by another actual website but rather has been parked, usually with a message somewhere telling people that they can buy this domain from somewhere between hundreds and thousands of dollars. The owner of this domain will own hundreds and thousands of what they call premium domains with no intention of actually using them but to try to extort money off people wanting to actually use them for their website/business. This is called Cybersquatting. This in reality is an example of online extortion. ICANN the body in charge of domains on the internet will do nothing to stop this situation after all they are profiting from all of this as the domains need to be continually registered year on year.



