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What businesses really need to know about their digital assets

Rarely a week goes by, where I don't encounter a situation with a small business wishing to upgrade their website with a different developer to the one that carried out the initial work.

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Rarely a week goes by, where I don’t encounter a situation with a small business wishing to upgrade their website with a different developer to the one that carried out the initial work.

It is not uncommon, for businesses to get a very affordable website with a shoestring budget in the early stages of trading with a view to upgrading it further down the line. There are many companies and agencies, who offer ‘all inclusive’ pricing that includes the domain name and hosting for the website, and some also offering ‘Free social media set-up’ as part of the deal.

This can seem really quite appealing; for someone to take the headache out of having to register domains, create pages and learn the differentiation’s between hosting packages. But beware – this could come back to bite you in the ass a year or two down the line!

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Who actually owns those digital assets?

You would be right to assume that you do, as you own the business to whom it relates. But how many of you actually have a contract in place to that effect? I suspect not many.

Most reputable agencies and freelancers would not hesitate in ensuring your digital assets were returned to you whenever an agreement was terminated, but all too often I have seen disputes over domain and social page ownership, that have resulted in the business simply having to start all over again from scratch. This is really quite heartbreaking when a website url has built up Domain Authority with Google over time, and are now back to square one.

I have also seen cases where an agency has been paid to set-up and manage a Facebook page, and when the contract has been terminated, the agency have refused to transfer ownership of that page to the business. Sometimes with established audiences and thousands of page likes exposed to risk.

Although Facebook can initiate an Ownership Dispute – this is something of a hassle, requiring legally Notarised Authorisation from a solicitor, proof of ID and a great many other fiddly pieces of information.

How can you protect your digital assets?

Although it may seem far simpler to let a third-party register your assets on your behalf, it is strongly advisable to always do this yourself and then permit access to anyone who needs this to carry out their work.

Don’t under estimate the value of your digital assets – they are a valuable part of your business. They are often the face of your business, your shop window and sometimes they’re irreplaceable, so take good care of them!

Nikki Hesford
About the author

Nikki Hesford

Nikki Hesford is an award-winning entrepreneur having appeared on Dragons Den in 2010 before securing £250,000 of angel investment to scale up her fast-fashion brand. Exiting the company in 2015 for a slower pace of life with her young family, Nikki now works with small and start-up businesses to create attention-grabbing Marketing, Social and PR strategies from small budgets.

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