Buying Domain Names

There are many reasons to buy a domain. And the obvious one to set up your own domain for an online business. However, some have bought domain names because it is their method of making money online.

If you're buying to:

1. resell the domain name
2. set up a website to flip

You will need deep pockets, skill and experience, and nerves of steel if things go awry.



Buying a website and Flipping it-what is it?

Flipping a website is buying a domain/website and flipping it for a profit. Many have made a business out of flipping websites for profit. This is a definite high risk way of making money.

What do you need?
1) a lot of money in your pockets due to the high costs of making a purchase.
2) skills and ability
3) Nerves of steel. In some cases, it's like day trading, or working the stock market


Buying a domain name to resell

This is where an individual will seek out a site, for it's name only. They are not concerned about the site or it's content, just the name. Here people are looking at trends, and what the value of that trend will give them.

Just think what value you would have had, if you would have created a website called "blogger.com". Get my meaning.


If the domain name is for your business?

If the purpose of your buying a domain name/website is to create your own business-what must your domain name include? The domain name should include your product or service. Translated in simplest terms-what you website will be about.

Most search engines favor a website that includes the keyword in the domain name. Why? It gives them an idea of what the site is about. For example, do a search for a website you frequent. What do you see highlighted in the search results. It's the very keywords that they emphasize in their url?

When you set your plans up, if possible you should include thoughts of what target market you will be reaching. This simple tips can help you from missing your tarket market, and slowing your online business progress.

To conclude, as you can see, your domain name is important-not only to you, but maybe to someone else.

About Author:
Vickie J Scanlon -- Visit her site at: My Affiliate Place for free tools, articles; ebooks, web hosting/domain info, Dell computers, Norton security software, tech accessories, and how to info for the Affiliate Marketer/Internet Marketer.