Technically a Domain Name is an identifiable location in the web defined by the Domain Name System. There are hierarchies and it is complicated, but the bottom line is do we understand what it is and what it is for? That we are going to find out here.
Currently the world-wide use of the internet is not an unusual thing to see practically anywhere. It is very easy to understand why that is because a lot of people use it. It is like a market where you can find practically anything so naturally people would flock in it. The advantage of that virtual world is that expansion is easy and crowding is avoided. Also, the availability of information, products and services is twenty-four hours a day seven days a week. A domain name is as good as your own store booth in a mall of other domains.
The following are the purpose of a domain name:
• It allows you to advertise the content of your site in the World Wide Web.
– This is a no brainer, when you get a domain name you normally have the purpose of putting up your site so people can see it. The site will be formatted to fit the purpose why you are putting it up. There are professionals who specialize in this type of task, web developers.
Web Developers are individuals who are knowledgeable with the development of a site. This task is not as simple as most think it is. It encompass the processes from the web design, to the collation of the texts and other relevant materials to be fitted into the site and then the added scripting to increase the functionality of the site itself enhancing the user’s experience with the site.
Note: Once a website is set up it is important that it is carefully monitored to minimize any challenges that the end users may encounter while in the site.
• It may be a great channel for increasing income
– E-commerce is widespread and if you have visited many popular sites you probably have seen many advertisements and other incorporated links to other sites that are on it. These are advertisements that are being paid for by the owner of the advertisement. This mechanism is commonly known as “Pay per Click”.
– For businesses, it works magnificently! When information is available online most customers would not have to make a call and would just refer to the online site. Also, it allows the entrepreneur to promote their product or service with very accurate information helping him avoid unauthorized sale transactions.
– Also, businesses with their own Domain Names also increases their value to their client as it is a seen effort of improving the service they are providing to their customers.
– Some people buys a domain, develop a web site on it and afterwards they sell it for a price that is relatively higher than when it was originally purchased.
Having learned what domain names are for and how they can be used to achieve financial freedom then it becomes an option for you moving forward. Entrepreneur or not we all benefit from the existence of the World Wide Web and it will be up to each of us on how we will take advantage of it!