- My hidden idea -

Notes for Hidden idea

10.27

2007

Choosing a Domain Name

In the Internet, however, it is an entirely different story altogether. Your name is the only clue to your online business. You do not have visual clues: no location, no look, and no store design. Instead, users have to type in a word or a set of words to reach your site. Your prospective visitor has no way of knowing what your site is all about until he/she finds it and reads its contents. Who can ever tell that Amazon.com sells books? Or that Excite is a search engine?

 

 

In the physical world, you can distinguish a business because of its structure, window displays, or signs. You can tell that a bank is a bank, or a clothing store is indeed a clothing store.

 

Your name can spell your success on the Internet. A good name is the best asset you can ever have. It can make your business stand out in the crowd, or just float aimlessly in space.

 

The need to provide immediate clues to an online business led to the prevalence of generic names. Generic names instantly provide the user with an idea of what a business is all about, what to expect and look for in a site. For instance, Etoys.com is a toy store.

 

The temptation of the generic name has been so powerful; that some companies even paid ridiculously high prices to get the name they want. The domains Loans.com and Wines.com were both bought for $3 million each. Telephone.com was acquired for $1.75 million, while Bingo.com sold for $1.1 million.

 

However, generic names do not necessarily create the “buzz” that you’d like surrounding your website. Branding has always been about proper names: McDonald’s did not named their store Hamburger. Hertz is not called Car Rental. FedEx is not Mail Carrier. Kodak is not Photographs. Microsoft is not Computer Software.

 

For better branding results, your name should be memorable and easy to remember. Remember the following tips when creating a name.

 

o The name should be short

 

o The name should be simple

 

* It should be suggestive of your business category

 

* It should be unique

 

* It should be easy to interpret and pronounce

 

* It should be personalized

 

* It should not be difficult to spell

 

* It should not be difficult to remember

 

names can be registered through many different companies (known as registrars”) - a listing of these companies is available at ICANN: http://www.icann.org. You can register for 1 to 10 years - prices can vary anywhere from $10 to $20 per year. Most web hosting companies, as explained later, will handle the registration process for

 

you, but make sure that you are properly listed as the owner of the when it is registered. If you have registered a name for a specific period, make sure you renew it in time. You can be surprised at the number of cases, where site owners have let a name slip by if they have not renewed in time.


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