If you’ve never purchased a web domain, I recommend purchasing at least your name. Back when the internet first came out. Registering a domain name was a complicated long intensive process and cost a lot of money.
Do you know how much it costs to register a domain name today? About $10 per year. Yep. You heard right. Your doorway to the rest of the world is that cheap and only takes like 3 clicks, search, select, check out! Maybe four, confirm purchase. But, you get the idea.
I think at some point personal websites will replace resumes. But, if you want to shoot for financial freedom, you will want to sell either DIPS or DEPS (digital information products or digital entertainment products). I mean you can sell whatever your heart desires but the time to market, sourcing, or manufacturing products can be extremely time AND cost intensive. You can create digital products almost anywhere you have your computer or smartphone. Even Warren Buffet said if you don’t find a way to make money while you sleep you will work until you die! The fact that you don’t need a brick and mortar location to sell people stuff all over the world makes the internet the greatest thing ever. Yes. Even better than sliced bread.
There’s a reason why Amazon’s favorite song should be (this is where you have to imagine me singing) “dun dun dun…Another One Bites the Dust” by Queen. Aww what the hell…for your viewing pleasure:
Amazon is literally putting retail stores out of business by the minute (don’t believe me click here). The cost to have several retail locations, including buildings and staff, that could service millions of customers a day costs billions. Online, direct to the customer is the way to go. No need for middle men. No need for suppliers. Write a book. Sing a song. Make a movie. Create a how-to course. Then sell it. OR, use one of those things to get attention and sell something else. It’s not as complicated as it seems. Nothing beats emails form PayPal in the middle of the night saying, “You’ve got cash!”
If by chance you happen to get rich after reading something inspirational on my site or you’re fortunate enough to monetize an unexpected 15 minutes of fame, you don’t want somebody holding yourname.com for ransom.
If you want to be more ambitious and have a business idea, you’ll want to secure that domain name too. Even if you aren’t quite ready to launch, check to see if the domain name is available. It may give you a little motivation knowing that no one has thought of your idea. I found a great article by way of BizSugar.com on 13 Tips for Choosing a Domain Name by Oleg Kaluger.
There are a ton of sites to register domain names, but I use domainsinseconds.com. You can use Go Daddy or whatever domain registry you like. I’ve been using mine for many years and buy domain names when I get a good idea and hold on to it. Because, hey, you just never know when you might get inspired to create something great that other people will want or need.