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Domain business, could it be the perfect home based business?

Domain Business, could it be the perfect home based business?

Today, I want to talk about the domain business and I ask the question, could it be the perfect home based business business?

Domain business, could it be the perfect home based business?

This in my opinion this is the perfect home based business. It has a lot of short term potential and a lot of long term potential. Both of which are important to me and no doubt are also important to you. You would have noticed that the income from this is recurring, that is when people you introduce to this renew, you get paid again and again. This is great news if you are looking to build up your residual income.

No Physical Stock, a brilliant bonus

As well as that, there is no physical stock. No physical stock is a brilliant bonus. Let me explain why. If you have being involved with any sort of business in the past, you may have had to purchase stock before you sold it for various business reasons. This means that you had the cost of buying that stock upfront and storing it some place. This drove up your costs and drove down your profit margin at the same time which made it more difficult to make money. If you did not sell the stock, you and you alone absorbed those costs, which made it more difficult to make money. You could then be absorbing storage costs indefinitely for physical stock you purchased for your business in the past.

If you are currently involved with a business that requires you to buy stock, I recommend very strongly that you keep the points raised in the last paragraph in mind. You do not want to buy stock unless you are going to make money when you re-sell that stock very soon. You do not want to be absorbing storage costs indefinitely for stock that you have not yet sold.

Some very interesting January 2015 Statistics

These days, many people are online. There were over 3,000,000,000 internet users by January 2015. In January 2015, there were over 876,000,000 websites out there. The websites that you see on the internet have a domain name associated with it. The domain name is registered with a domain name registrar. There is a transaction to register a domain name. Money changed hands when very single one of those domain names was registered and again every time they are renewed. Money also changes hands when a domain name is moved from one registrar to another registrar.

Domain names industry is international in scope

Because domain names are registered online, the buyers of domain names could be based anywhere on the planet where there is an internet connection and where they have access to an online payment method, like for example Paypal or a Credit Card. The domain name business is international in scope. The buyer of a domain name could be based in Europe, yet the seller could be based in Asia with the domain name registrar based in the United States.

Domain name industry is huge

The buying and selling of domain name is huge business. In January 2015, there were over 284,000,000 domain names registered worldwide. Each of these was registered with a domain name register. Money changed hands for each of those domain names registrations.

Hey, hold it, why the huge difference in the number of domain names and the number of websites?

Now you may like me wonder why there is a huge difference in the number of domain names and the number of websites. To recap:

The very interesting January 2015 Statistics again:
Number of internet users: Over 3,000,000,000
Number of websites: Over 874,000,000
Number of domains: Over 284,000,000

Could the reason be sub domains?

Many domain names have a number of sub domains associated within it. They could have their own website of it. A separate sub domain could be used for their blogging activities. Another separate sub domain could be used for their support department. Another separate sub domain could be used for their helpdesk department. You might see these as BLOG.thewebsite.com or as SUPPORT.thewebsite.com or as HELP.thewebsite.com, no doubt you get the idea.

The SiteRubix.com domain has a number of sub domains where people can create and build their own websites on the internet. These websites are accessible on the internet. I personally think everyone should have their own website once they reach the appropriate age. I personally now invite you to go here and start building your own website. If you have not already built a website, you will be surprised at how easy it is to do so there. Talk about using the latest technology advances to your best advantage. 🙂
If you do this from here, could I ask a small favor? Could you please comment below and let the rest of the community know how you got on? Feel free to include the name of your siterubix.com sub domain if you want to. Many thanks. 🙂

Could another reason be to protect intellectual property?

Also many domain names are brought and never have a website associated with it for different reasons. One reason is to protect intellectual property, trademarks and the like.

These are some of the reasons why in my opinion there is a huge difference in those 2 figures. If you have any ideas on other reasons, please share them with the rest of the community by commenting below. Many thanks. 🙂

Back to the original question, could being in the domain business be the perfect home based business?

By now, you will know that I think that being in the domain business is the perfect home based business.

Some advantages of the domain name business

There is no physical stock. The market is huge. Over the last few years many more domain name extensions are coming into use. Everyone at this stage is familiar with the .COM extension, the .NET extension, the .ORG extension. Many other dot extension names are coming into use. Examples include the .GREEN extension, the .ACTOR extension, the .BAND extension, the .DANCE extension, the .GLOBAL extension, the .NINJA and many more. These new extension names are adding additional variety to domain names.

OK, what do you do now?

Good question. To recap, this is the perfect home based business. It is also the perfect internet internet based business. The domain business worldwide is huge. The new domain extension names are becoming more mainstream, more familiar and more acceptable.

If you need more information, read my review of Domain Cost Club by clicking here.

Let me know if you have any applicable thoughts on this great subject by leaving your applicable thoughts below. Many thanks.

18 thoughts on “Domain business, could it be the perfect home based business?”

  1. Hi, great post and a very interesting topic 🙂

    • Hi Tina,

      Thank you for dropping by and leaving a comment.

      Web sites and domain names are two growth areas so there is a lot of potential.

      Thanks indeed for dropping by.

      Hope you are having a brilliant weekend,
      David

  2. Hello David, this is so clear and thorough on how possible to start a home based business. You really revealed some statistics that many do not know, including me. Thank you for such a wonderful write up.

    • Hi Nnamdi,

      My pleasure. Thank you for taking the time to read it. I had a great time researching the statistics earlier. I was really surprised initially to find out that the number of domain names was about one third of the number of web sites. Before I dug more into it, I thought that the ratio would have been closer to about one to one.

      Have a great day,
      Cheers,
      David

  3. David, The education you provide about domain names is very thorough and well researched. How do you actually go about selling domain names to others?

    • Hi Forrest,

      Thanks. To learn about marketing on the internet in general and putting into practice what you learn, I recommend the following great resource. This information can then be applied to selling domain names to others on the internet.

      Cheers,
      David

  4. As someone who finds herself purchasing domains like CANDY sometimes, this is a great idea! I never knew that something like this existed for the purchase of domain names. Until I began building websites, I didn’t have an idea that buying them would actually be a way to make money. Thank you for sharing this information on Domain Cost Club. Really interesting concept.

    • Hi Sarah,

      I agree that this is a brilliant concept and idea. There are new domain extension names becoming available. There are some great deals on some of these domain extension names, which is adding a lot of variety to domain names. Some really big businesses are starting to use these as well. I mention some of them in my posts. This is a brilliant time to learn more about these new domain extension names, and of course the very familiar dot com extension names are also available here.

      Cheers,
      David

  5. One of the reasons there is a disparity between the number of websites and the number of domains is because a “subdomain” must be considered a website in which case platforms like tumblr and blogspot have millions of these alone (and of course SiteRubix does as well).

    Domaineering can be a lucrative business if done right, but like an artist your revenue will be sporadic and very inconsistent. You have to a find a buyer for a domain and often times this can be much easier said than done.

    The glory days of the late 1990’s are over for domain hoarders, but the opportunity still does exist to a certain degree. Very insightful info on domains.

    • Hi Kyle,

      I found it very interesting a few weeks back when I was doing some research on this topic. I had of course assumed initially that the number of websites and the number of domain names would almost be a one to one ratio. I was aware that businesses buy domain names to protect their intellectual property, and was aware that sites like SiteRubix would also have a number of “sub-domains” as well. I just didn’t expect the difference to be so big.

      I personally think that a domain name should be active and have an active web site using it.

      I am under the impression that domain hoarders are still around and assuming that they must be making some money, however maybe not as much as the glory days.

      Thanks indeed for your insightful comments.

      Cheers,

      David

  6. Hey David, I must commend you on your beautifully designed website, I am truly jealous since mine is no comparison.You content is well prepared short and straight to the point which is what most readers need to keep their attention on your post. I hope you keep up the good work.

    • Hi Hamilton,

      Thank you for your comments. I use the training provided by Wealthy Affiliate to help me to develop this beautifully designed website. You can see my review of Wealthy Affiliate here:

      http://djtrlm.com/whywa

      If you also do the training provided by Wealthy Affiliate, you too may very well have a beautifully designed website. I hope you do along with other readers. You can start training with Wealthy Affiliate for free. Take Wealthy Affiliate up on their great offer to start for free. 🙂

      I am thrilled that you commended me on my beautifully designed website.

      Thanks,

      David

  7. I’ve heard that buying and selling domain names is a lucrative business if people use the right tools to do it.

    I love the idea of building an online business with no stock to buy or hold because it removes all the hassle of selling on sites like eBay etc.

    The domain industry certainly is huge and I didn’t realize just how many domains there are…. It’s incredible!

    SiteRubix is also something I will be looking in to, so Thanks!

    Neil

    • Hi Neil,

      Thanks. Yes, it’s incredible the amount of possibilities there are out there that are related to the internet. All websites out in the ‘wild’ relate back to one or more domain names. All websites need to be built. Using SiteRubix is an amazing way to start building a website and then continue building it. At this stage, I have 4 domain names out in the ‘wild’ built on the SiteRubix platform and I am thrilled.

      This domain (djtrlm.com) is registered with Domain Cost Club. Register your domains here.

      This website (what you see now in front of you) is build and hosted on the SiteRubix platform. The SiteRubix platform is managed by Wealthy Affiliate.

      You can start building your first website here and learn how to build websites yourself by starting here

      As part of the process, you will have access to some amazing training materials including online videos where you will learn a lot about building websites, the proper and the correct way.

      Both of these, I use and highly recommend. I practice what I preach. 🙂

      Cheers,

      David

  8. Hi David,

    Very informative site on creating and building your website. It was a very easy read and easy to understand. I too am in the process of starting my own website. I will be bookmarking your site to refer back to. Best of wishes to you and your future endeavors in the internet marketing industry.

    Happy Blogging

    • Hi Stephen,

      Thank you very much for taking the time to comment. Let me know if you have any questions that I can help with.

      Cheers,

      David

  9. Hi David

    Thanks for covering this I hadn’t heard of domain cost club before, although purchasing domain names was an area I have thought about at one stage.

    I was intrigued having watched the video, I have seen other MLM schemes and wondered how much pressure is placed on you to attract affiliate sales rather than just focus on purchasing domains?

    I would be interested in knowing more about purchasing domain names but perhaps more small scale in an individual capacity rather than through an organisation such as DCC and wondered if you had tried it and found it easy to manage and worthwhile?

    • Hi Marie,

      You ask some interesting questions. Purchasing domain names is something that many people and many organisations do in the natural course of their web businesses. Every single web domain name you see out there was obtained through a domain name registrar. There are millions of web domain names out there at the moment.

      I personally do not allow any pressure to be placed on me in my business activities and this is just one of my business activities. I advise in having a few business activities in play so that you can see for yourself which one is best for you. Don’t have all your eggs in the one basket is a wise old saying.

      If you are interested in buying domain names you will need to obtain them via a domain name registrar. Domain Cost Club is one domain name registrar. I used to registrar my domain names with another company however for me, once I became aware of Domain Cost Club, I tried out Domain Cost Club, found their support great, they come back with my email enquiries in a professional manner and promptly. Because I found their service great, after a few months as an annual paid member I upgraded to lifetime paid charter membership. I also now have moved my other domain names over to Domain Cost Club from the other company.

      Currently I have nine domain names active at the moment, each one of which is currently registered with Domain Cost Club. Domain Cost Club have given me access to their online DCC members area which is fresh and easy to use and allows me to manage my DCC related activities.

      With Domain Cost Club once you have paid for your DCC membership, there are no additional marketing kits, seminars or purchases needed.

      Let me know if you have any more questions.

      Kind Regards,

      David

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