If you think that you know all about domain buy and sell structure for making fast and easy money, then do read this. Domain name business is one of the least known way of making easy money, and that too very quick. You want to be a millionaire, and you can't wait, that's the reason you are here. Let me help you out. First and foremost, forget everything you know about domain names business, and start from scratch. The term given to this business is Domaining. It is business of buying and selling domain names for making money. The reselling of this type is actually comparable to real estate. You invest in the property, seek a potential buyer, and then sell it to him at a large price tag. Thereby making profit. The only difference is that "domain reselling" is much easier and much cheaper as it requires very less investment and normally gives great returns, if used accordingly. Many people even make there living by this. Beleive me, it means lots of money and that too easy. The domaining often occupies building up of the domain name portfolios, or else accumulation of the domain names, in accordance to various criteria. This domain name portfolios frequently consist of profitable generic dictionary word domain names, or domains whose registrations have lapse but they still retain practical traffic. The more traffic, the more money you earn. I will move step by step in helping you through the complete process. 1. Domain name This is the first step in the process, you need to finalize on the domain name you want to invest in. Buying a domain name depends on various factors like:- What is your budget, Which market you are targeting, who is the potential customer. You should answer these questions before buying a domain name. Also some other points to keep in mind are:- The domain name should be short, as it is easier to remember and creates a greater possibility of the traffic to return again. The domain name must be easier to memorize, good for your business. The domain must be brandable, and must cater to the needs of some particular niche. Try and avoid domains which contain hyphens and numbers. Go for a .com extension for your registration. 2. Buy a Domain name Before buying a domain name, check out the traffic the niche receives, more traffic implies that your revenue generation will be more. So make sure you check out the quality of the name and the traffic the domain gets, before making an investment. The keyword here is "research", and you need to do some of it before making an investment. Try and look for a cheap domain, as they are the best buys. The cheap domain don't cost you much, moreover if properly aimed at a niche then they produce good results. Make sure you go for a cheap domain, else you have a hefty bank balance. Now here is point that you buy a domain name for reselling or you register a new domain name for reselling. If you don't want to buy an existing domain, then you may try creating a new domain name, it norrmally comes free along with some web hosting packages. Web Hosting implies that you rent some space on a server to host your web site, and they provide you the domain name registration for free, though it may change from vendor to vendor. 3. Domain registration If you plan to create a new domain, then you need to register it, for registration of domain you need to find a registrar, that provides you the name. The second option is that you go for a web hosting domain package, where they provide you the space at some cost, but provides the domain name registration for free. Make sure that you register your domain with a "com" extension as it is higly valued in the market. If you really want to make money then this point counts much. 4. Sell the Domain name Now that you have got a good domain name targeted at a particular niche, you may seek the help of various sites for finding a potential buyer for you. Sites like DMOZ.org is a great source for this. Just prove to your customer that he is getting the best buy and you are the winner. Make cash from your resell and go ahead for a next buy. The stuff till now was for getting you started, now regarding the strategy part of the business, most domainers try and make a long term investment. They buy and own names, they park on web sites... Oh I forgot to tell you about Website Parking. Website Parking is the way of making money when your domain is sitting idle. I will clarify this, Now that you looked for a cheap domain, if unable to find then you register domain preferably with a "com" extension. Then you buy domain using a seller or via web hosting domain packages. Now that you have got all but not a profitable client, in that case you can park your website. Website Parking implies that the site on which your domain is parked, will use your domain for putting up ads, some people type the name of the thing they required, without knowing that it exists or not. Like if a person needs a plumber, then he may type plumber.com without knowing that the site exists or not. Website Parking makes use of this benefit and earns from the normal domain name traffic that may occur. And if a person clicks on an add then you earn. Isn't that great, you earn money without doing anything. Some more points to consider while buying a domin name includes, if you think that some technology is going to take off, then get a domain name that pertains to it. The more relevant the name, the more money you will make. I will close this article with an example, Schwartz sold Men.com for $1.3 million in 2003, and he had bought the domain at $15,000 in 1997. Mind Blowing isn't it.
loading...
7 Tips on Choosing the Right Type of Business Suitable for Beginners
What business? This question may often arise in your mind when you feel confused in choosing the type of business you want to build.
Though you already have some money that will be used as business capital. Want this business to feel inadequate, want that business to fear failure to start the business. Especially if you have a mediocre capital. Being entangled in confusion like this finally makes you fail to open a business.
So how do you determine the right business for beginners when they want to start a business from scratch?
Actually it is not difficult to choose what kind of business is good and right for a beginner. It's just that you don't know how and where to start.
This article might help with the confusion you are experiencing. You do not need a lot of daydreaming and thinking too far because sometimes something that is in front of the eye even escapes the view. Though it could be it could be a business that can make you a successful person in the future.
Here are 7 surefire tips to determine / choose the type of business that is suitable for those of you who are still beginners in business.
1. Choose a Business that Appropriate with Your Interests and Skills
How to find a business that is suitable for beginners is to recognize yourself first. Try to remember what your interests have been.
For example if you do not understand the problem of fashion but you force yourself to open a clothing store because you feel that selling clothes would sell well and fortunately big. A month or two may run normally. But if you can not keep up with the trends, your business might not last long because you do not understand the world of fashion.
It's different if you like making various kinds of cakes so you intend to open a cake shop. So running a home-based cake business will suit your hobby that likes to make cakes. In addition, the business will feel comfortable running because it is in harmony with your hobby.
Another thing to consider in finding a business that is suitable for you is to choose a business that is in accordance with your expertise. Indeed, the expertise you have may not necessarily be your hobby.
But at least you will not be inconvenienced in starting a business because you are already an expert in that field. So you don't need long time to develop your business.
2. Making a Business Line List
After you find a business that suits your interests and expertise. Do not be in a hurry to open the business immediately. It is better to make a list of the business fields that you have chosen first. You can record it in a book about various businesses that suit your interests and hobbies.
Think about what is good business right now so that you will find it easier to develop. As much as possible write as much as possible in the list of business fields so you have many alternatives as options. That way, you can analyze and find out what types of businesses have not been established by others.
If there are indeed many competitors for the type of business that you are interested in, then you must have new innovations to be able to compete or you are looking for alternatives to other types of businesses that are still lacking competitors but have a high level of interest.
In addition, in choosing the type of business. Think about where you will open your business. Do you want to choose the type of home-based business or open a roadside kiosk. Adjust also the capital budget that you have so that you are not stuck in managing your business finances.
3. Study the Business Field You Choose
At this point, you should have confirmed the type of business you want to open. Even if you feel you have an interest and expertise in this line of business, this does not mean that you will be successful in building the business.
Therefore, immediately learn the field of business that you have chosen. Especially for businesses in services such as beauty salons or home sewing services. Understand really what are the advantages and disadvantages of your business.
For example you want to open a catfish pecel business, but to get a decent catfish for sale is quite difficult because you have to buy outside the city. That's all, sometimes there are sometimes not.
This of course can hamper your business because of a lack of key raw materials. You should be able to sell 100 portions of catfish pecel per day, in fact, you can only get half of it because there is no raw material. Certainly very detrimental to the continuity of your business.
Also read: 8 new product marketing strategies for the most effective small businesses
4. Adjust the Capital You Have
In setting up a business, you should really pay attention to matters of capital. Don't force yourself to open a business that you want, if you don't have enough capital. Because you might be running a business that has only been running for several months, you have run out of capital.
For example, you want to open a photocopying business and be equipped with all stationery equipment. This business will certainly be more appropriate if it is opened near offices and educational institutions. This makes you have to rent a shop / kiosk whose rental prices are not cheap.
While your capital is only enough to buy materials for your business. In the end you are confused and hesitant to start a photocopy business of your dreams.
Therefore, when you choose any type of business, adjust to the capital you have. If your capital is small, temporarily look for businesses with small capital which certainly will not burden your finances.
After all, if you want to work hard and smart in managing it, any business you run will definitely benefit you.
Recommended Article:
9 capital business ideas of 2 million that have proven profitable
5. Note the Location of the Business Place
choose the type of business strategic location
In addition to dealing with capital, the type of business you want to establish must also be adjusted to your location of residence. Consider the level of competition for similar businesses, market share and business development opportunities that you will run for the next few years. If you feel you lack bright prospects, you should undo these intentions.
For example, you want to open a fried business in the area where you live. But in reality in the area tel be fun.
there are already many who sell famous fried foods and have regular customers.
If you feel you can compete because you offer something new, for example, the fried foods that you present are unique. Then please open your business. But if you are pessimistic, you should look for another location for your place of business that has not been much competitive.
Recommended Article:
how to start a unique fried business with millions of turnover
6. Also Pay Attention to Consumer Interests and Needs
The important thing that you must consider in determining the type of business is market share. This point is actually closely related to location selection. You should also pay attention to the demands and needs of consumers when they want to set up a business
For example if you live in a village that is rarely passing vehicles and you are trying to open a café or restaurant that provides a variety of modern foods such as burgers, steaks, hot dogs etc. Surely the business will be devoid of interest and may not sell.
However, if you live in the city, opening a cafe will certainly be more likely to succeed. Another example of a business that is very concerned about the needs of consumers is a kilo laundry business where many people really need it.
Therefore, you should be able to apply a SWOT analysis to find out the strengths, weaknesses, opportunities and threats to the business that you are going to build.
If you don't know about SWOT analysis, please read about SWOT analysis, understanding, benefits and examples
7. Immediate Action
After you read the points above, you should be able to determine or choose the type of business you want to build. Instead of you just daydreaming, you should start from now.
Either the business you are building is only a small business or even a large one will be useless if you do not start it right now. One of the capital that you hold instead runs out first to meet your needs.
It's not easy to start a business when you have no experience at all. In the end you are confused about what business you want. Try to apply tips on choosing the type of business above so that your desire to immediately have a business can be achieved.
