Internet use is growing quickly. FTP, e-mail, the World Wide Web:
businesses are fast finding these tools indispensable in today's
lightening-paced world of marketing and technology. Although the
payoff may sometimes seem uncertain, more and more companies are using
the Internet and developing "websites" to sell and advertise
their goods and services.
Developing a website requires an address, or IP, for customers and
visitors to locate the site. An IP address as a domain name identifies
a company and its location in much the same way a telephone number
defines a location. Unlike telephone numbers, however, the Internet
does not have area codes to increase the number of times the same
number or identifier can be used. Domain names then are registered on
a first come, first served basis.
Once a domain is successfully registered by a company, it is
entered into the "Shared Registry System" by Registrars.com
and the domain name then becomes accessible to Internet users
worldwide.
Because there can be only one registered owner of a domain name,
the first of such businesses to register the domain will be the owner
or holder of the name. Latecomers must choose a different domain name.