How to Buy a Domain Name – 10 Tips to Follow Before Buying

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JoeUddeme

JoeUddeme

How to Buy a Domain Name – 10 Tips to Follow Before Buying

Among the most crucial decisions in establishing an internet presence is picking a domain name. Ignore the trends and fads of the day and pick a name that makes sense for your company or subject matter today and will still make sense a decade from now. Here are 10 suggestions that will assist you to make a fantastic domain name purchase.

1. Do your homework

Just a small amount of research can go a long way when purchasing a domain name. Find similar websites and check out your competitors’ domains with a website like Compete.com.

Use dnpric to determine when a domain name was last sold, for how much, and the web hosting agent. A favorite domain may have more people resales. You can search by keyword, which will help provide the popularity of particular words in domain name.

2. Buy Domain Name People Can Remember

Even if you’re planning on optimizing the website for search engines, you still need a domain name that individuals can remember and type. Anyone hearing your name needs to know how to sort it without you having to say things like”the number 4″ and”dash-dash.”

It’s also wise to avoid words that have more than 1 spelling if your customers are most likely to be confused and mistype the name. Alternately, you can purchase both versions of the name and guide visitors in the one you prefer less into the name. As you do want a brief name (see below), do not go for something so mysterious that people have difficulty remembering it.

3. Avoid slang terms

Stay away from slang terms and instead select a name that will continue to be meaningful in ten years. This may also help your title be known and remembered by non-native speakers. Whether you intend to conduct business globally, this can help to your neighborhood audience also.

4. Purchase a domain that is shorter rather than longer

The more your domain name is, the harder it is for people to remember it and the greater chance you have of someone misspelling among the words. Most good single word domains are long gone, but it’s still possible to prevent long domains by getting a little creative. For those who have one word you really enjoy that’s not available, consider adding an adjective or verb in front of it and seeing if those variations are available. Think of your domain name as part of your brand, and be sure it matches how you want visitors to consider you.

5. Stick with. Com if you’re able to

Most individuals assume that a domain name ends in. Com so in case you purchase a domain name with one of the additional extensions (.Net, .info, .org, etc.), you will have some additional work to get people to keep in mind your site has another extension. Do not automatically assume you should just buy domains with. Many websites have done very well with different extensions.

6. Do not buy trademarked domains

Even if you’re not trying to create confusion, then you are most likely to face some legal challenges by purchasing trademarked terms in your domain name. To be safe, you can look for U.S. trademarks at www.uspto.gov and be sure no one owns a trademark on the name you’re contemplating.

7. Do not buy a domain name that is too similar to an existing website

Even if the expression is not trademarked, do not buy domains that are only a variation of some other domain name. This implies preventing plurals if the singular is taken (mediatemple.net vs. mediatemples.net), hyphenating a term (media-temple. Alternately, you may consider purchasing these variants yourself and set them up so that if a person types in among those variants, they are redirected to your main website.

8. Avoid Buying Hyphen Domain Names

However, we often forget about the hyphens when they type domains. Should you use hyphens in your title, do not buy a domain with over three hyphens. It is just too messy.

9. Avoid numbers

People may get confused about whether the amounts is a digit (3) or a phrase (three). If you would like a number on your domain name because there’s a number in your organization name, purchase both versions (word and digit ) and redirect you to the other.

10. Check availability on Social Networking sites

When you’ve got a name picked out, see if this word or phrase can be found on social networking sites like YouTube, Twitter, Facebook, Instagram, Pinterest, Google+, and Tumblr. Even if you don’t intend on using social media straight away, you will want the option when you are ready, and it is easiest if you can use the identical phrase on each website.

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What Is Domain Leasing? Domain name leasing refers to renting a domain name for an extended period, usually a year or more. An individual or business pays to rent a domain name owned by another individual or corporation. This arrangement allows the lessee to use a domain name for a long time without paying a substantial sum outright. Domain leasing is usually done for valuable domain names that are too expensive for the lessee to acquire completely. How Does This Compare To Renting? Renting and leasing are the same thing, except for the latter being for longer periods. Domain leasing agreements usually cover at least one year compared to typical renting, which covers a few months. What Are the Ways You Can Lease Your Domain? You can lease your domain through the following ways: Periodic payments: The lessee can pay for their lease at specific intervals. For example, they could pay monthly or quarterly for the period the lease lasts. 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You can always reclaim your domain once the lease expires. Opportunity For Investors With Domains In Their Portfolio Many investors specialize in acquiring domain names for profit. Investors with a portfolio of valuable domain names can lease them for a long time and get stable income. Consistent Revenue Stream Renting out a domain for periodical payments generates consistent income for the owner. The owner is sure of getting a specific return on the capital they spent acquiring the domain as long as the lease lasts. The Domain Value Increases Due To Usage Active domains are more valuable than inactive ones because of online traffic. The higher the traffic to a domain, the more valuable it is. Leasing out a domain increases its value in the long term, which the owner can realize by selling it later. Long Term Financial Advantage Receiving periodic lease payments can generate more revenue in the long term compared to selling your domain for a lump sum. It’s why many owners lease domain names out despite getting lucrative purchase offers. Benefits Of Domain Leasing For End Users Spend Less Money Upfront Valuable domain names can run into tens or hundreds of thousands of dollars, which is risky to spend upfront. Leasing allows you to build a business with the domain and make periodic payments from the revenue you generate, which is cost-effective. Lesser Burden If the website you use the leased domain for fails, you can terminate the lease and return the domain to the owner. If you owned the domain outright, that means having another asset you must keep renewing or find a potential buyer for. Opportunity To Buy the Domain In the Future Some lease terms include an option to acquire the domain outright later. This way, you can start the website to see if it succeeds. If it does, you can acquire full domain ownership and gain more control over your website’s fate. Access To Premium Domain Names At A Lower Cost Domain leasing lets you use very valuable domain names for lower costs. These valuable domain names can draw more organic traffic to your website. Avoid Legal Liability Issues Leasing a domain name means avoiding any legal liabilities concerning the domain’s ownership. Any legal dispute is the concern of the owner and not the lessee. Downsides Of Leasing A Domain No ownership Not having full ownership of your domain is a risk. The owner can terminate the lease anytime and pay any agreed monetary penalties for early termination. It could be at a crucial time when your website is booming, and losing the domain would affect it negatively. Less Control You have less control over your website than the domain owner. Let’s say your website grows big and becomes valuable, its fate lies more in the hands of the domain owner than yours. They could use that leverage to extract concessions from you. The Domain Value You Build Is Never Yours Drawing traffic to your website increases the value of its domain name. Yet, the owner will capture that value instead of you working hard to maintain the website. Where Can You Lease A Domain Domain Marketplaces Many domain name marketplaces allow owners to list and lease their domain names. This method is beneficial because owners can easily find customers to lease domain names to. The domain leasing services generate a lot of traffic, giving you higher chances of finding an interested lessee. Domain Brokers You can approach a domain broker to lease your domain for you. Domain brokers are experts in negotiating domain deals and can fetch you the best possible price. They’ll collect a fee for their service, either a flat rate or a percentage of the lease value. Word Of Mouth You can spread the word to your social and business circles about a domain name you want to lease out. You may find a trusted lessee this way and negotiate a good deal to earn a stable income. Forums You can join webmaster forums and post about the domain name you want to lease. You may find a buyer this way, but ensure you use a transaction escrow service because you’re dealing with a stranger. Leasing versus Buying a Domain While leasing a domain might be a good option for some businesses, buying your domain outright continues to be the safest and most secure option for guaranteed success. If you’re interested in acquiring your perfect domain, we make the entire domain buying process easy. Contact us for more information about our domain buying service.

Why Work with Name Experts

Name Experts offers personalized domain brokerage services, assisting clients in buying or selling premium domain names with expert appraisal, negotiation, and complete transaction management while ensuring confidentiality.

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