Selecting domain name is one of the very important decisions, not choosing a good name means not much online business, which implies lesser revenue.
Selecting domain name is also one of the challenging tasks, as most of the attractive and useful domains would be already taken.
Below are some of the factors that you need to keep in mind while selecting a domain name.
a) Domain Length does matter: Domain name value increases when its length is less. e.g.:- AST.com will be valued much much more than AtriaSolutionsTechnology.com. The reason is simple, the domain name "AST" is very easy to remember and this increases chances of visitors coming back to the website again and again. e.g.:- Google purchased smallest domain name "G.cn" to compete with its Chinese search engine rival Baidu.com . The strategy behind this buy is to have smaller domain name and make visitors prefer G.cn over other search engine names.
b) Should be Meaningful: Domain name should reflect the nature of your business. e.g.:- Let's say, you are planning to create a web directory then you should have word directory in the selected name. In this case ideal name would be directory.com if you own this domain name then I would bet you could sell it for more than $50,000 and domain name jewelry.com you can sell it for more than $1,000,000 . diamond.com was actually sold for $7.5 million
c) Prefer smaller domain names: Smaller the domain name more resale value it will have. Smaller domain names are easier to remember than longer ones. e.g.:- www.rich.com will be more preferable than www.howtobecomeRich.com as the domain name is smaller and easier to remember.
d) Domain Extensions: Domain extensions are classified as below. Domain name value is also dependent on what extension it has. Domain Extension preference would be .com >> .net >> .biz >> .info >> .mobi >> .org >> (.us or .uk or .in or any regional extension) >> (.co.uk or .co.in or any ccTLD)
General Domain Extensions (these are also know as TLD - Top Level Domains):
.com (commercial)
.info (information)
.org (Non profit Organization)
.net (networking)
.biz (business)
.mobi (Mobile)
Region Specific Extensions (these are also know as TLD - Top Level Domains):
.us (USA)
.cn (China)
.in (india)
.fr (france)
.jp (Japan)
ccTLD Extensions:
.co.in (commercial india)
.net.in (networking india)
.co.uk (commercial UK)
Note: There are several other domain (TLD and CCTLD) extensions apart from the ones listed above.
e) Numeric Domain name: Some of the numbers like "007" signifies bond, "888" signifies slot machine, "666" signifies holy bible number, "786" signifies holy Islam number, "1947" signifies Indian independence in this case both 1947.com and 1947.in are valued more. Similarly, domain names can be alphanumeric e.g.:- "Feb14" signifies Valentines Day and "Dec25" signifies Christmas.
f) Don't Get into Lawsuits:
Avoid registering domain names that are Trademarks (like Google, Yahoo, Microsoft etc.,) or patented words (Page Rank, Ipod etc.,). For e.g.:- "Page Rank" is patented term, incase somebody registers a domain by that name then the domain holder may be asked to surrender the domain name to the patent holder or face law suite and if found guilty then domain name holder has to pay penalty.
Above are some of the useful tips and tricks to find profitable domain names, based on some of the above inputs now you need to generate a list of useful / profitable domain names as an exercise and check if they are available for you to register.
Selecting domain name is also one of the challenging tasks, as most of the attractive and useful domains would be already taken.
Below are some of the factors that you need to keep in mind while selecting a domain name.
a) Domain Length does matter: Domain name value increases when its length is less. e.g.:- AST.com will be valued much much more than AtriaSolutionsTechnology.com. The reason is simple, the domain name "AST" is very easy to remember and this increases chances of visitors coming back to the website again and again. e.g.:- Google purchased smallest domain name "G.cn" to compete with its Chinese search engine rival Baidu.com . The strategy behind this buy is to have smaller domain name and make visitors prefer G.cn over other search engine names.
b) Should be Meaningful: Domain name should reflect the nature of your business. e.g.:- Let's say, you are planning to create a web directory then you should have word directory in the selected name. In this case ideal name would be directory.com if you own this domain name then I would bet you could sell it for more than $50,000 and domain name jewelry.com you can sell it for more than $1,000,000 . diamond.com was actually sold for $7.5 million
c) Prefer smaller domain names: Smaller the domain name more resale value it will have. Smaller domain names are easier to remember than longer ones. e.g.:- www.rich.com will be more preferable than www.howtobecomeRich.com as the domain name is smaller and easier to remember.
d) Domain Extensions: Domain extensions are classified as below. Domain name value is also dependent on what extension it has. Domain Extension preference would be .com >> .net >> .biz >> .info >> .mobi >> .org >> (.us or .uk or .in or any regional extension) >> (.co.uk or .co.in or any ccTLD)
General Domain Extensions (these are also know as TLD - Top Level Domains):
.com (commercial)
.info (information)
.org (Non profit Organization)
.net (networking)
.biz (business)
.mobi (Mobile)
Region Specific Extensions (these are also know as TLD - Top Level Domains):
.us (USA)
.cn (China)
.in (india)
.fr (france)
.jp (Japan)
ccTLD Extensions:
.co.in (commercial india)
.net.in (networking india)
.co.uk (commercial UK)
Note: There are several other domain (TLD and CCTLD) extensions apart from the ones listed above.
e) Numeric Domain name: Some of the numbers like "007" signifies bond, "888" signifies slot machine, "666" signifies holy bible number, "786" signifies holy Islam number, "1947" signifies Indian independence in this case both 1947.com and 1947.in are valued more. Similarly, domain names can be alphanumeric e.g.:- "Feb14" signifies Valentines Day and "Dec25" signifies Christmas.
f) Don't Get into Lawsuits:
Avoid registering domain names that are Trademarks (like Google, Yahoo, Microsoft etc.,) or patented words (Page Rank, Ipod etc.,). For e.g.:- "Page Rank" is patented term, incase somebody registers a domain by that name then the domain holder may be asked to surrender the domain name to the patent holder or face law suite and if found guilty then domain name holder has to pay penalty.
Above are some of the useful tips and tricks to find profitable domain names, based on some of the above inputs now you need to generate a list of useful / profitable domain names as an exercise and check if they are available for you to register.
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