Discover the hidden secrets behind domain names! Unmask the mystery and explore their meaning in our comprehensive guide. Learn how to make money with domain names and capitalize on this lucrative online opportunity. Get expert insights and actionable tips to boost your domain game. Start unlocking the potential of domain names today!
A domain name is any name you type into the URL address locator in any web browser. It is usually prefixed with a www extension to signify that it is used in the World Wide Web (WWW). While the www prefix is part of the domain name, in actuality, only the actual domain name after the www and period are actually registered.
No one owns the right to the www prefix. For instance, if you have a domain name called www.thisismydomainname.com, the actual registered name is thisismydomainname.com. There are a number of different suffixes available for domain name: .com. .net, .org, etc. The most recognizable are .com suffixes that specify a commercial enterprise.
The Evolution of Domain Names
When domain names first came on the scene it, there was a lot of confusion as to how they would be used in a free market and what sorts of legal issues might arise from the use of a domain name. It quickly became clear that a domain name is very much a trademark and so the types of laws that could apply for improper registering and use of a domain name are laws that deal with trademark infringement.
So, even if you register a domain name, if it is someone else’s trademark, you don’t get to keep it or ransom it to the proper owner of that trademark.
Initially, there were many opportunists who did try to register large, brand name, and domain names of multinational companies and then try to sell the domain name back to the company for a large sum of money. This is now referred to as the “cyber-squatting” and is illegal under trademark infringement laws.
There are 900 possible combinations for two letter sequences. If you’re looking for “AH” then you just won’t find it! Even allowing for digits, again every single web address is taken. Of course, that’s ignoring the fact that .COM registrars now mandate a 3-character minimum length, so it wouldn’t be an option.
Many of the three-letter sequences are taken. Adding digits to a domain name creates a number of garbage domain entries. If you’re dying to acquire great domains and unique domain names, they’ll free up sometimes only to be auctioned off through unique domain name sales.
The longer the domain name that you choose, the more that the possibilities are that it could be available presuming that you’re willing to accept an arbitrary sequence of letters and/or digits. For example, most organizations have 4 letter acronyms (AVBH.com and WFTA.org so you may have a chance using over 4 letters to get the domain name that you want in acronym style!
Of course many of the registered domains are ever, visited, with a huge percentage having nothing more than a “parked page” (users pay domain registrars to put up ads for themselves on these type of parked pages). There are so many combinations and back door tricks to domain name cataloging and classification until the possibilities are endless.
The rule is to obtain a domain name that closely resembles who you are about which gives you and identity and brand on the internet.
A Domain Name’s Internet Significance
A domain is a name that identifies IP addresses on the internet. The domain name Yahoo.com represents about fifteen (15) IP addresses. Domain names are used to identify Web pages. For example, in the URL http://www.gohome.com/index.html, the domain name is gohome.com.
You register a domain name by registering with a domain name services registrar. The domain name industry is regulated and overseen by ICANN, which is an organization responsible for providing standards and procedures for certifying companies as domain name registrars.
Domain name registration has grown over the years. Network Solutions was the first domain name registrar to ever provide such a service. That was over ten years ago but today there are many accredited registrars.
Only a domain name registrar is permitted to access and modify the master database domains that are on InterNIC servers. The fee is determined by the registrar as far as getting a domain name and some registers have special domain name packages.
So, the product you are selling is specifically the name that you either buy from someone else or create and register on your own. The best domain names are those that are easy to remember and highly marketable. Later I will tell you exactly how to choose a good domain name, but for now, the best domain names have the same types of characteristics:
- Consist Of One Or Two Words
One-word domain names are all pretty much taken, but two word ones can be a good place to start.
- Use Search Words
People search for particular things on the Internet. Get a domain name with some of those highly searched terms and it can be perceived as being more valuable.
- Multiple Meanings
Words that have multiple marketing niches or meanings might be more valuable.
- Take Advantage Of Misspelled Words
Typos are your friend in the domain name business. They can lead to a very profitable site that attracts visitors who consistently type in the wrong domain name address.
As you can see, getting a good domain name is as simple as having a bit of flair for marketing terms. Later on I will give you some fun ways to find or create valuable domain names. The secondary market for domain names is alive and bustling with activity.
You can use it to buy domain names and flip them, or you can create your own. But, that’s not the only way to make money off domain names. There are top three ways to make money from domain names.
There are approximately 68 million .COM domains registered. That’s a lot of domain names out on the Internet that are either already taken or just parked in some obsolete spot gathering dust and all kinds of age.
The most common names like profits.com. Johngreg.com are already taken by net investors who resell the rights to the names. Can you imagine someone having www.ego.com ? He’s just waiting on the highest bidder!
Do You Really Need A Domain Name?
You use a domain name to create an identity on the World Wide Web and domain names can also be used for branding purposes, such as Wal-Mart, K-Mart, etc. In picking a domain name, the title shouldn’t stray far from what your company is all about. This will allow you to market your web-site as a subsidiary of your business and put your domain name on business cards and advertisements.
Once you select a domain name, you must register it with a domain name registrar. This is a task you can do easily. Many ISPs offer a complete package that includes hosting and the registering of the domain name for you.
Fees probably will include a one time set-up fee for all of the backend technical work that needs to be accomplished. Then pay your service provider a monthly, semi-annual or annual fee for Web site hosting services.
Many domain registrar services have competent online tools to help you get your domain name and hosting site up and running.
Identify With Your Domain Name.
Use common sense when choosing a domain name because your domain name, or URL, can have an impact in both the online and offline marketing of your web-site.
Long or difficult to spell domain names can make people ignore your web site and it has to be pretty good for them to stick with it (for an example, go to www.theserpentsmakemecry.com website. Short domain names register better with people’s memory and are easy to remember.
Obtain a domain name that will help you in your marketing niche and strategy. Like I stated before, you can use your business name as your URL. If your business name is already taken by someone else then get a URL name close to what you are doing. Purchasing a business name domain name isn’t the only way to go, and when a keyword domain name could do just fine.
If you plan on using the .net extension, you may want to wait on deciding your name until after you have found an available domain name that is suitable to your type of business. If you follow the steps below, you should be okay in identifying your name brand to the internet community.
Structure Your Brand Name – Put your domain name on your letterhead, business card, printed materials; put it on your phone recording, the side of your car; don’t forget to include it with your email.
Keep it Short & Memorable – Don’t get a URL that uses all 26 letters of the alphabet.
Secure a .com URL – I strongly recommend purchasing a .com domain name as opposed to a .net, .info, .biz or anything else. If your chosen domain name is not available in a .com, keep looking until you find one that isn’t taken.
There is nothing wrong with the other extensions but when you have a .com extension, it sounds like you’ve been on the net a long time.Remember, your domain name is an extension of your business and your brand of product or service.
Make Money With Domain Names
Whenever I come across the term ‘domain name’, what comes to my mind is ‘web real estate’. You and I know that real estate is a hot commodity anywhere in the world. The same thing applies to domain names.
How Do You Make Money Off Domain Names?
Well, as with real estate, there are numerous ways to make money off the domain. You can buy and sell domain names. What you must keep in mind is that you have to make wise investments. ‘Wise’ because you should make your investment based on calculated and informed decisions.
The general idea is to look for and purchase domain names that may become popular in the future or purchase a few high-profile domains to resell when they appreciate. To protect your investment against loss, you might need to buy a couple hundred or thousands of domain names. To build yourself a quality domain investment may take months or years.
Another way to make money with domain names is to hold domains. It is also known as domain parking. This is usually monetized through ad placement. You could also generate income from the type-in traffic it generates.
If you have more time on your hands, you can develop domains. Though it requires a lot of time, it is quite rewarding. It involves getting domains and adding value to them creating a featured website around them.
Types of common domain names to look out for which can make money for you fast
- Generic names: These are words that designate a product or service such as church.com you should just be careful with these names to avoid copyright, trademarks, and other legal issues.
- Geographical names: You can invest in names of either current or upcoming locations. This is lucrative as it is used for community portals.
- Timely names: These are names that have dates in them. generic names, geographical names, or events can be combined with dates to form profitable domain names e.g. corona2020.com
- Business names: You have to be very careful with business names to avoid any infringements. You can buy up those generic business names especially those that you can pair with geographical names e.g. vetenary.com or vetinarytexas.com.
Steps to make money with domain names:
- Purchase a new domain name using tools like Just Dropped (justdropped.com)
- Relist the domain names
- Advertise or wait for buyers
- Sell the names for a profit.
Tips for making money with domain names
- Get your domain front and centre
- Find names that offer real value
- Make the names short and relevant
- Narrow your focus
- Check domain availability
- Assess your price
Domain Name Market Places
Buy/Sell/ Domain Names
Online Research Tools For Domain Names
Domain Name Forums