Friday, October 30, 2015

What is a Domain Name - Things to Know About This Source of Online Business?

Domain name is a vital part of a website or blog. According to Wikipedia, a domain name is an identification label that defines a realm of administrative autonomy, authority or control in the internet. An important purpose of a domain name is to provide easily recognizable and names that can be memorized to numerically addressed internet resources.

What is a Domain Name - Things to Know About This Source of Online Business?
Domain name is a vital part of a website or blog.
Once your blog or website has a domain name, it can be very difficult and expensive to change because: Website users and clients are familiar with the old one. Marketing campaigns running are connecting to the old domain. Search engine optimization involves many hours of submitting URL to various indexes and search engines. Once you change URL you must start almost from zero. Recreating all the incoming links to your new domain

If you take a look at the most popular websites in the World Wide Web, we won't find many with domain of more than 9 characters because domain must be accessible except for those with 2 or 3 relevant keywords. A good domain name must be as short as possible, resembles a generic word must not contain characters like "-" and “_", does not contains complex word/number combination, must be easy to spell e.g. about.com, seo.com, yahoo.com, etc., must not resemble other website domain.

Deciding which suffix/extensions to use is also an important decision. If you refer world-wide, you better buy .com domain because it is the most popular domain extension in the world. Domains with .net extensions are far less popular. If you are a nonprofit organization you may want to try out a .org domain extension. If you have a local business you better prefer local domain suffix, like .com.br (for Brazil). These domains are little more expensive but worth the money because local search engines prefer them over .com and because it gives you a better branding in its country. Big businesses that refer to various countries should consider buying multiple local domains instead of one multi language .com domain extension

Recommended Registrars are goddady.com, enom.com, moniker.com, namecheap.com, dotster.com, 1and1.com, 007names.com.

Domain Name Resale
As of 2011, the most expensive domain name sales on record were: Sex.com for $13 million in October 2010, FB.com for $8.5 million in November 2010, Business.com for $7.5 million in December 1999, AsSeenOnTv.com for $5.1 million in January 2000, Toys.com for $5.1 million in 2009, Altavista.com for $3.3 million in August 1998, Candy.com for $3 million in June 2009.

To monetize your domain name you can read this article How to Generate Income and Profit from a Domain Name. Note: Good domain names are taken very quickly, therefore if you need a good one you should go ahead and purchase yourself a good domain name before it is too late. In your own opinion, which domain name do you think is the best online?

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