Now that you've decided to become an internet entrepreneur, there are score of things you have to consider. Your first job is to decide on a domain type and name. Because there are quite a few from which to choose, you'll have to have in mind a) your budget and b) what's going to get you optimal traffic flow.
The Trifecta: The most common, most marketable, and easiest to remember domain types are .com, .net, and .org. Any one of these three will invite investors to your site easier and certainly ensure maximum traffic flow.
Country-Specific: Of course, if the domain name you desire has already been taken you can register your name with a country-specific extension. These include .uk (for the United Kingdom, of course), .jp (Japan), .fr (France), etc. Any country you can think of has an extension that you can use to differentiate your site.
Accepted Sub-Domains: If the country-specific domain names have dried up, there are some alternative names that have been approved by ICANN: .aero, .biz, .info, .name, .edu, etc. Not only are they more unique, they're extremely specific.
Not-so Great Sub-Domains: You could always get extremely unique and add a quirky sub-domain. For example, if the name "Food.com" is already in use, perhaps make your website more specific: "food.enteryoursmexydomainnamehere.com" – of course shy away from using a sub-domain even remotely resembling this one. However, because these are essentially imaginary domain extensions, the chances of anyone actually knowing where to search is very small.
Price: Now depending in with which domain name registrar you register your name, you'll end up paying anywhere between $6.99 and $15.75 per year; however, there's been a recent decrease in domain prices, so if you act quickly you could get your name for less than $10.
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