The one dreaded day that many business and organization managers experience each day is getting that email or phone call saying your website is not found. When you check, you confirm that your website is now missing from the internet and replaced with a notice that 'This domain is available for sale' with a link to purchase it. When you click that link, you find out that your domain name can be registered for $1000, $2500, $10000, or some outlandish price. You have just entered the world of domain sitter companies!
What are domain sitter companies? These are individuals and companies that scan daily for domain names that have lapsed and they immediately register the domain names hoping that someone has forgotten to renew their domain name. They are hoping that you have committed substantial resources to create and promote your website so you must have that 'domain name' back! That is when they can charge and get such exorbitant fees to release the domain name back to you. Go ahead, it's OK to cry! :)