hi,
My name is Farhan and i am the founder and CEO of WebsiteTraders.Com. We trade in Premium Domains , Internet Business and Established Websites . just saw Work.Com is offering guides for different businesses. I felt like contributing with some advice for people seeking the domain industry. The domain and domain development has a lot of opportunities if one goes the safe root......
the domain industry is very similar to real estate. I'll add some points which i feel would be useful for people who want to enter this industry
1. Dont commit to this industry full time unless you start earning more than your day job through domains.
2. Entering the domain industry does require a lot of money.........so plan your budget before you enter.
3. atleast few months read through the major forums to get an idea of what domaining is all about.
4. The good news for people looking to develop website is that there is a lot of work there.
5. This industry needs programmers, webdesigners, Search Engine Marketing Professionals.
6. Always buy a domain with traffic unless it is a really premium or generic one.
7. Dont buy any other domain unless you plan to develop it.
8. Stay away from people who promise you the world for llittle or no work.
9. You got to be comfortable working long hours on your computer.
10. If you can develop a website like Vince Delmonte's No Nonsense Muscle Building Program which has a short domain name and has some content which people are interested in then start doing it.
11. We have a dedicated resource centre at the following url for people interested in working in the domain/website development industry:
Some points i would like to add:
12. Once you start domaining .Try getting an account at parked.com, domainsponsor.com, sedopro.com, goldkey.com and namedrive.com. These are the premium parking companies which give you a good commision hence better Return On Your Investment.
13. Sign up atleast for these 2 forums dnforum.com and namepros.com

Selling Premium Domain Names:
When someone is looking to Buy Premium Domain Names you need to give him/her one or many of the following details that makes a domain premium:
1. It is a Short Domain between 3 to 6 characters.
2. It is easy to spell pronounce and remember.
3. It is catchy and can be used as a brand.
4. It is a generic keyword domain name having a lot of searches in the search engines.
5. It defines a product which has a lot of demand on the internet.
6. It is well targeted and defines a specific product.
7. It is old and never dropped.
8. All other extensions of that domain are registered.
9. Its other extensions are active websites.
10. It has heavy typin traffic.
We have a dedicated section for people new to this industry at:
Website Traders Resource Center
Any questions you can ask me on admin@websitetraders.com
Best Regards,
Farhan.




Action Steps
The best contacts and resources to help you get it done

Tips & Tactics
Helpful advice for making the most of this Guide

• domaining is a business which does require a lot of capital investment. Still there are chances for people who do not have a lot of money OR people who dont want to invest heavily into domaining untill they get a feel of the industry. The key is to go slow buy hanging out at the domain forums. There are times when the seller of the domain is in need of money and at this time u get bargains........try to buy a domain with low revenue. This will help you generate some cash flow. Once you have that domain let it first generate its renewal revenue and then the revenue in access of it you can keep for buying any other bargain domains. One important thing here is many a times domains with traffic are sold cheap just coz they do not generate a lot of revenue. And many times this is because it has not been optimised properly at the domain parking company.
• the key to instant monitorization of domain names is domain parking............how this works.........you lease your domain to domain parking companies who are supplies by ad feeds by yahoo OR google. When any visitor clicks on any feed on your domain..........the parking companies earn a comission from search engines and they pay a part to you. But the catch here is the domain that you park has to be a typin traffic one......meaning it should have traffic on its own......the major professional domain parking companies i have recommended........if anyone knows any other domain parking company that is good please add your comment with the parking comapny name
• adsense is a great tool for generating revenue from your developed domains. This is because you do not need to make a sale or generate a lead. All you have to do is get a free adsense account from google and paste their free script code on your webpage. Ads relevant to your webpage's content are displayed. When any for your website visitor clicks on any of the ads.........google gives you revenue.