DNTip.com

Hopefully by now you realize that domain name buying and selling isn’t difficult. It may not have been your dream job as a child, but it is a rewarding career that you can do from home. Domain names require time and effort, but if you’re willing to work hard at learning about them, you can truly make your million in this business. Here are some key things to remember:

• Domain names are like fingerprints—no two are the same.

• A good name is memorable and creates and imagine in your head when you hear it.

• Six common mistakes to avoid:

Trademarked names
Hard to spell words
Plays on Words
Plurals
Long Names
Names with numbers

• Extensions (TDLs) matter. .com is always the best, followed by .net and .org.

• Generics are the most expensive names, but can be sold for the most money. Unclaimed names are usually not as good, but can be bought for only the registration fee.

• Having a domain name entrepreneurship means that you are willing to make an investment in names.

• Developing your name raises the value. You can develop the name by building a website, redirecting it to your website, parking it to earn money with advertising, joining an affiliate program, or creating a sales page.

• Never by a domain name that you yourself could never use.

• Traffic is important to your domain name’s value and marketing is everything.

• If your domain name stinks, you can join a traffic exchange program, sell it as a package deal, or work at creating a buzz.

• Be fair and honest in all of your dealings. If you say you’re going to buy a domain name, buy it. If you say you’re going to sell a domain name, sell it. Never be a cyber-squatter. In the domain name world, remember the golden rule: Treat others as you yourself would like to be treated. If you can remember that, you have a good shot at being successful in this field. Good luck and happy domaining!

Tags: domaining