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The art of doing business has changed with time. In the past, when the internet was in its nascent stage, business houses are required to maintain files, documents.
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A website can be easy to set up, but choosing a domain name is complicated if you are basing it on unclaimed web addresses. Not surprisingly, the best domains are unavailable. However, everything is usually for sale for a price, including domain names. For instance, the Dot Com domain and website for the Glitter as a Service project, ShipYourEnemiesGlitter.com, sold for $ 85,000.
This example is just one of the many domains that sold for high figures. Recently, Investing.com sold for $ 2.45 million. That may appear to be a lot of money, and arguably, it is for many of us. Nevertheless, it does not even come close to the highest price someone has paid for a domain name.
Domain Name Journal put together a list of the 20 most expensive domains in the world. Not surprisingly, sex and gambling-related domains pulled in the biggest money.
Many of us have heard about the child who allegedly registered McDonalds.com back in the early 1990s and sold it to the McDonald’s Corporation for several hundreds of thousands of dollars. Actually, Josh Quittner, an American journalist, was the original domain-name holder of mcdonalds.com. When McDonalds asked for the name, he opted to sell it and donated the proceeds to charity. Other myths include:
Myth: When you register a domain name, you become the owner of that domain.
Fact: The truth is that paying to register a domain name entitles you to the exclusive use of it for a defined amount of time, usually between one and 10 years. A renewal fee is due after your primary registration period ends if you plan to continue using the name. If you do not renew it, you could lose the privilege of using it. Registering does not provide you the right to keep the name forever. However, as long as you renew the annual registration fees, and the domain does not encroach on a service mark or trademark, it is essentially yours until you decide that you no longer want it.
Myth: You have to be a U.S. company or resident to register a domain name.
Fact: Anyone, regardless of whether or not they are a U.S. company or citizen, can register a domain name under most top-level domains (TLDs). However, some countries apply additional controls to individuals trying to register domain names under that country’s TLDs.
Myth: You can get rich quick by purchasing and then reselling domain names.
Fact: You can make money buying and selling domain names, and there is an entire industry of domainers whose sole occupations subsist from this practice. Nevertheless, the most prevalent myth is that a one unique domain name will make you rich. It is true that some domain names have sold for enormous sums of money, and a few have even changed hands for over $ 1 million. However, it is important to understand that well over 90% of domains that are for sale never find a buyer.
Myth: You need a website to own a domain name.
Fact: You can register domain names for a projected website, or you can register domains and just hold on to them. In fact, many domainers frequently register domain names with the original intent of parking them with a parking service. In that way, they can make a profit from ad revenue. If you purchase a domain name and later decide that you want to use it for a website, you can effortlessly direct the name to your new site.
Myth: When you register a domain name, you get a website, too.
Fact: A website is not something you automatically get when you register a domain name. A website requires a web hosting company that will store your files on their servers and make the site accessible on the Internet.
Domain names are more than web addresses. They are symbols that are synonymous with the World Wide Web. The Internet Corporation for Assigned Names and Numbers (ICANN) is the non-profit corporation that maintains all of the Internet domain names and other unique identifiers.
With TLDs running on short supply, ICANN has been busily adding new TLDs over the past few years to address the future of domain names. For instance, new rules will allow companies to register their particular brand names as TLDs. The only limitations are imagination and your wallet because applying to activate a brand-new TLD can cost upward of $ 100,000.
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When it comes to ecommerce and making money on the World Wide Web, every minute of website downtime equates to lost profits.
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For any online business which receives heavy traffic it is must to opt for a virtual private server. With the rise of numerous names in one field it has become necessary to opt for a safe platform which can prevent hackers from getting in.
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In today's world, wherein the requirement of having an online presence has become essential, it is impossible for a business or individual to keep distance from the World Wide Web. To ensure the rate of penetration remains increasing, reseller web hosting is empowering more and more businesses to in turn empower other people, come online, at a much lower price.
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Website downtime is very frustrating. There's no doubt about it. It causes stress on the part of the website operators and on the part of the customers who are trying to access the site for some information. Stress and frustration, however, are just the beginning of the problem when it comes to unnecessary website outages. For each and every minute that your site is down, that downtime is costing you money.
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