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By: Ikedi Ani-okoye.

Introduction to domain names

A domain name is a very intergral part to a persons identity on the internet, if you what to start a business, a blog, create a website a the domain name that you choose is going to be your identity. It is a good idea to brain storm - you should write dowm all the domain names that you have in mind. Once you have chosen a domain name you can use the internet to find out if the domain name is available.

Domain names development

Unfortunately, all the very good domain names have been taken for a long time. The short and memorable ones became very valuable right away. Names like Loans.com and Business.com sold for around a Million dollars back in 1999. Now those names are worth much much more than that. The dotcom bust brought domain name values down for a short period, but they begin rising again around 2003 and are now high above the Dotcom bubble levels.

It wasnt long that all of the single word dictionary words were registered. At first it was mainly the dot com extension that was being bought up. Dot com is still King and considered the most valuable, but other extensions are gaining ground. Of course now, all the good domain names are registered in types such as, net, co.uk, ws, com, biz, etc.

Why chooses a good domain name

If you have a difficult or hard to spell or remember domain name, your customers may end up going to a competitors website when they are trying to get to your site. A difficult domain name may also result in you spending a lot of money on paid traffic such as google adwords or Yahoo search ads so people can come to your website. It is always a good idea to have a easy to remember domain name.

Buying domain names to sell

If you are not aware you should be aware that obscene amounts of money are made from Domain Names. Every month names once purchased for as little as $12, are changing hands for amounts ranging from $25 (100% Profit!) up to 5 figures sums, and frequently six or even seven figure fortunes. And this is not the sales of a website, its only the Domain Name. (Not only dot com's, but also .net's, .org's, .info's, even .biz names, plus many national extensions like .us, .de etc.)

Make use of statistics and companies that are growing in popularity that might need certain domain name and then buy that name. Dontt buy a domain name because you think it looks or sounds sweet or unique.

When buying a domain to sell you should buy all the variants of the domain name. For instance if you have registered xyz.com then try to get .co.in, .net. .org etc. This can multiply your profits when selling to a big company who want to have all the variants for themselves so that clients do not land on some other site by mistake.

CONCLUSION

Buying a domain name is a very simple processs there are many companies on the internet now that sell domain names. The prices that are charged for domain names also are not very expensive.