Some people get confused when it comes time to select a domain name. First of all, all the awesome domain names are taken, which leaves you with pretty much the leftovers. Just because you’re not going to make a million dollars selling a domain name, you can still make just that by owning a piece of online real estate.
Domain Name History
Did you know that domain names have sold for millions of dollars? Imagine investing $10 just to get a piece of online real estate and flip-it to make some money. I’m not saying that you’re going to find a domain name that is going to be worth a million dollars, but you can make a couple of thousand dollars.
The domain names that have sold for millions are the one word domains like candy.com, which sold for 3 mil in 2009. That is some crazy cash, for something so simple. Will you find a domain name that’s worth anything? It is very possible and you can see a story from a buddy of mine who sold his domain name for 50k from a name involving WOW (World of Warcraft). Can you Believe that?
The most expensive domain name goes to insurance.com, which sold for 35.6 million dollars! As you can see, people WILL spend for domain names, just because it will improve their business that much more.
Types of Domain Names
There are several types of domain names out there and you are probably most familiar with the .com. What’s the difference? Well, the .com is the most popular and most used domain name in the world, then the .net and .org would be the next alternative.
Have you ever heard of “The .com era”? This is exactly what we live in and that should be the #1 reason that YOU are doing business online. If you’re not, I suggest you get started and see what the internet has to offer. The .com is universal and it is a billion dollar producing piece of the internet. Here are other domain names that are available.
Types of Domain Names for an Online Marketer
As an online marketer, there are two types of domain names you need to consider when choosing the domain name for your website and your specific niche. When you choose your niche, you might want to consider the approach you’re going to take with your domain name.
- Branding – Are you in this for the long run or are you here just to mess around? When you choose your domain name, you need to think about whether you want to “make a name” for yourself. If so, you might want to pick a domain name in which you can present to someone (proudly) and let them know what you’re all about.
- Keyword Rich – If you are doing something like niche marketing, you might want to consider a domain name that has your “keyword” in the domain name. This will actually help with your rankings and SEO overall. If I was going to create a website about “Bowling for women”, I might want to look into a domain name like “bowlingforwomen.com”. You get what I’m saying?
Free Vs Paid Domains
Some of you probably didn’t even know that there were free domains out there and you’re probably thinking there is some kind of catch. Well, there are free domain names and there definitely are paid ones.
If you are looking to “mess around” on the internet and just have something to call “yours”, then you can get a free website and do whatever you want with it. There is absolutely nothing wrong with using a free website especially when getting started online. You can get a free website at siterubix.com, which also shows you how to run an online business. Great deal if you ask me.
There are actually quite a few advantages of paying for your own domain name and I want you to understand these before you get into the construction of your own website.
- YOU own it (completely)
- You can sell it
- You can do absolutely anything you want with it.
I personally wouldn’t recommend a free domain name to anyone who is doing something like affiliate marketing for those specific reasons. If you’re familiar with online marketing, you know how much the .com means. Not to mention that you can even get a domain name for $2.99 from Godaddy.com. How much does your business really mean to you and what is $2.99?
Choosing Your Domain Name
In the end, it is totally up to you. I personally use Jaaxy to help me find awesome domains and I suggest you give it a try for yourself. It’s actually a paid service, but has 30 free searches that you can use.
When I choose a domain name for a specific niche, I try to kill two birds with one stone. I have a keyword or two in there and I also try to brand myself. Aworkfromhomebusiness.com is a very targeted keyword and it is now my brand. Although it is kind of long, it is something that will benefit me in the long run.
I hope you find the right domain name and you too can find success online. Cheers!
–A Work from Home Business