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Trouble Picking Your First Domain Name

Friday, January 8th, 2010

Are you having trouble picking your first domain name?  Domain name selection isn’t rocket science, however you better not slip on this one.

You see… it’s very easy to purchase your first domain name based on an emotional or personal connection, instead of proper market research.

Don’t kick yourself if this sounds familiar, because this is one of the cheapest mistakes you can make online.

When most people decide to start an internet business, buying a domain name is the last thing on their check list; and it usually becomes an impulse buy with very little thought on how it affects their business.

If you’ve carefully planned your entire business, then don’t get impatient at the very end.

Domain names play a major role in your online business; but most people don’t know this in the beginning, and usually purchase 3 or 4 domains before getting one that fits their business.

Helpful Hint: I normally pick my domain name or names while I’m researching the market — based on what people are searching for.

Now take a moment and think about this, your domain name is the only thing you really own that can’t be stolen or duplicated.

It’s your own piece of online real estate, like a home or parcel of land that’s located in cyberspace, that can be bought, traded, or sold in the future for a profit.

Now… are you starting to understand the importance of domain name selection.

As you grow online, you’ll find buying and selling domains to be a big business, with prices ranging from $10 to well into the $10,000s and higher.

So, if you’re having trouble picking your first domain name; here’s what I suggest.

Make your name your first choice.

You see… many people overlook their own name, because it has no real significance when you first come online.

And their right!

Very few people will enter your name into the search engines in the beginning; but as you grow online and your business grows, people will begin to inquire about you, your company, and your product or service.

So… if you’re not sure what to do — you can’t go wrong buying your own name, and it’s an excellent source of branding yourself online.

Furthermore, most people’s name cost around $10 per year, and that’s a small price to pay for something that has the potential to be worth thousands in the future.

So, if you’re having trouble picking your first domain name, go ahead and grab your name before someone else purchases it, then sells it to you for a profit.

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