ESTABLISHING AND MAINTAINING A SUSTAINABLE INCOME STREAM TO DEFRAY RECURRING SERVICE EXPENSES IN ORDER TO ENABLE LONG-LASTING DOMAIN REGISTRATIONS

• US 20160225089A1
• Filed: 01/30/2015
• Published: 08/04/2016
• Est. Priority Date: 01/30/2015
• Status: Abandoned Application

• Current Assignee: Atul Vohra, Kong Posh Bhat
• Original Assignee: Atul Vohra, Kong Posh Bhat
• Inventors: Vohra, Atul, Bhat, Kong Posh
• Application Number:
  US14/609,445
• Publication Number:
  US 20160225089A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 20/085 involving remote charge determination or related payment systems
• CPC Class Codes: G06Q 20/28 Pre-payment schemes, e.g. "pay before"
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

The present invention relates to a system and method for enabling long-lasting Internet domain registration (e.g. 100 years). Members pay once and all recurring fees and expenses are covered through a sustainable income stream which secures the said domain name and protects against losing the domain due to incorrect credit card, failed billing or outdated account contacts, and ensures continuity for future generations.

Claims

1. ** A method entailing:

finding the smallest value of the starting principal amount such that it maintains a sustainable income stream to defray Internet domain name registration fees and other recurring service expenses for the duration for which defraying of such recurring service expenses is desired.

2. The method of claim 1, wherein the following assumptions are finalized:

initial one-time expenses

the initial value of recurring expenses

the freeze period for which the recurring expenses are not expected to change

the step change for the recurring expenses, at the end of each freeze period

expected average investment growth rate

3. The method of claim 1, wherein the calendar for reconciliation of the actual operating amount schedule with the computed operating amount schedule is finalized.

4. The method of claim 1, wherein the current operating amount schedule may be replaced with a different operating amount schedule, from the library of operating amount schedules, when the reconciliation point is reached.

5. ** The method of claim 1, wherein the price point for the end user is established.

6. ** The method of claim 5, wherein the initial size for the main account and the auxiliary account is established.

7. The method of claim 5, wherein the operating amount schedule is computed for the duration for which a self-sustainable income stream to defray recurring service expenses is desired.

8. ** The method of claim 5, wherein the installment plan, for collecting the proceeds from the end user, is devised.

9. The method of claim 6, wherein a library of operating amount schedules is set up.

10. The method of claim 8, wherein all expense obligations are met, when they are due, prior to all the installments being collected.

11. The method of claim 6, wherein the initial size of the main account and the auxiliary account is based upon:

smallest value of the starting operating amount for which all expense obligations are expected to be met, for the entire duration for which a self-sustainable income stream to defray recurring service expenses is desired

assumptions listed in claim 2

12. ** The method of claim 6, wherein the end user payment is split into the main account and the auxiliary account.

13. The method of claim 12, wherein the auxiliary account is invested in suitable investment vehicles.

14. The method of claim 12, wherein for the duration for which a self-sustainable income stream to defray recurring service expenses is desired, all the expense obligations are met from the main account, when they are due.

15. ** The method of claim 12, wherein the compounded principal value of the main account is compared with the corresponding value from the operating amount schedule, whenever the reconciliation point is reached.

16. The method of claim 15, wherein if the compounded principal value of the main account is greater than the corresponding value from the operating amount schedule, the excess amount is transferred from the main account to the auxiliary account.

17. The method of claim 15, wherein if the compounded principal value of the main account is less than the corresponding value from the operating amount schedule, the deficit amount is transferred from the auxiliary account to the main account.

18. The method of claim 12, wherein the service provider may occasionally choose to give the end user a cash or cash-equivalent bonus from the auxiliary account in the event where the service provider estimates that the auxiliary account has more than enough funds to make up for a deficit in the main account that would prevent the main account from remaining self sustaining for the duration for which the defraying of recurring service expenses is desired.