Domain Name Management System Using Tags for Dynamic Pricing
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Solution Overview
Problem
Traditional registry systems lack flexibility and functionality to manage domain names effectively, limiting registries' ability to adjust prices based on demand and participate in the competitive domain industry, as they charge the same wholesale price for all domain names regardless of value, and require manual database updates.
Innovation Solution
A domain name management system that uses tags to associate characteristics with domain names, allowing for dynamic pricing, promotions, and management through a web-based portal, enabling registries to manage domain names and operations more efficiently by parsing tags for transaction requests and automating processes.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If traditional registry systems use a single fixed wholesale price for all domain names, then system simplicity is maintained, but the registry cannot adapt to market demands and generate optimal revenue
Solution Approach 1:
The system transitions from static fixed pricing to dynamic pricing by introducing configurable price lists that can be modified over time. Registries can create multiple price lists with different pricing strategies and switch between them based on market conditions, domain name characteristics, and promotional needs, enabling adaptive pricing without requiring complete system redesign
Solution Approach 2:
The invention changes the pricing parameter from a single fixed value to a configurable set of values through price lists. Each price list contains multiple domain name-to-price mappings that can be independently adjusted, allowing registries to modify pricing parameters for specific domain names while maintaining standard pricing for others, thus achieving flexibility without proportionally increasing overall system complexity
2Productivity
If registries manually update database tables to change domain name metadata, then system control is maintained, but operational efficiency decreases and back-end management overhead increases
Solution Approach 1:
The system enables self-service by allowing registries to manage their own domain name metadata and pricing through automated interfaces. Instead of requiring manual database updates, the system provides mechanisms for registries to independently configure price lists, associate them with domain names, and manage promotions without back-end intervention, significantly improving operational efficiency
Solution Approach 2:
The system performs preliminary actions by pre-configuring price lists and pricing rules before they are needed. Registries can set up multiple price lists in advance with different pricing strategies, and the system automatically applies the appropriate price list when processing domain name registrations or transactions, eliminating the need for last-minute manual database updates
3Loss of energy
If registries charge the same wholesale price for all domain names, then pricing simplicity is maintained, but revenue optimization opportunities are lost
Solution Approach 1:
The system applies local quality by allowing different pricing for different domain names based on their specific characteristics and market value. Instead of a uniform wholesale price, the registry can create targeted price lists that assign premium prices to high-value domain names (such as short names or those with desirable keywords) while maintaining standard prices for others, thus optimizing revenue from valuable assets without complicating the overall pricing structure for all domains
Solution Approach 2:
The invention segments the pricing structure by dividing domain names into different categories through separate price lists. Each price list can target specific domain name patterns, lengths, or characteristics, allowing the registry to segment its portfolio and apply differentiated pricing strategies to each segment, thereby capturing revenue opportunities that would be lost under a single uniform pricing structure
Data Source
AI summary
Methods and systems for managing domain names are disclosed. A server hosts a platform that interfaces with users. The server is operably coupled to the registry and domain management database, and receives transaction requests to assign tags to one or more domain names, the tags used as identifiers to associate information with the domain names. The server stores the domain names with one or more tags and associated information in the domain management database. The server receives a request to perform a registry event on a domain name and checks if there are tags associated with the domain name of which the event was requested. If there is no assigned tag the server performs the registry event action. If there is an associated tag the server complies with the tag and associated tag information.