Friday, January 2, 2009

Domain trading: Learn and earn!!!

Do you have a few bucks to spend? Are you looking for some easy,reliable, short term investment? If yes, read the post carefully.You have a good opportunity to generate good profits online.
There are many ways of investment on internet, but this one is quite simple-"The Domain Business".All you need to know is
1.what is domain?
2.how to purchase the domain name?
3.how to select a domain name?
4.how to trade them?

What is domain name?
In a simple way, domain can be described as the name of a website in the huge web of internet.
e.g.
Let's take one example.
www.bloggerscash.net
bloggerscash -->domain name
.net--> it's TLD (Top Level Domain)
You surely have come across many TLDs like ".com",".org",".edu","info",".gov" etc.These are old and well-known TLDs.There are lots of others like ".in",".cn",".ca" which are country specific.

How to purchase a domain name?
To purchase a domain name, you must have an account with the domain registrars.There are many registrars to choose from, but you should select the one which suites you ( especially for the payment method).
Here are a few top registrars:

Name.com

Dynadot.com
Dotster.com

You will have to create a free account at the registrar you have chosen.Then to register (purchase) a domain name, you will need to have a few $.Generally, the top TLDs like .com,.net,.org cost around $8-10 per year depending upon the registrar.Some registrars offer good discounts on your purchase orders.
(If you are looking for a cheap and reliable registrar, I would advice you to go for "Name.com".)

How to select a domain name?
This is the most important step.In order to make sure that you register a good,catchy,demanding domain name, you must go through the articles/discussions at various places on internet.There are a lots of sites which hold a platform for discussions regarding domain market ( like
DigitalPoint forums, IDNForums, iGoldRush).Make sure you know enough about the domain market before entering it.
There are many criteria for choosing a domain name:
1.It should not be too long -say more than 8 characters
2.It should be pronouncable- select Zingo instead of Zyngo
3.If the domain is brandable, it's better.
4.Keyword rich domains are good- e.g.ForexTrading.com or FinanceSecrets.com etc.

How to buy/sell the domain names?
There are a few good places to sell your domains.But before that, you must be familiar with the domain transfer techniques.The domain registars are very helpful if you find any sort of difficulty, but it is better to have sufficient knowledge about some basics.
The procedures for domain push/transfer for different registrars are different.Check the FAQ pages to know how to do it.
Here is a list of sites offering domain trade services:
1.
Sedo
2.
DigitalPoint
3.
Ebay

Some coventions:
L-->Letter
N-->Number
C-->Character
e.g. A4DG.com is of LNLL.com type.

How to evaluate the domain names?
1.Older the domain, higher is it's value.
2.Shorter the domain, higher the value.

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