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Inferior Domain Name Could Ruin Your Online Business

Since every website needs a domain name, following are the top ten most common mistakes made by online business owners:

1. Buy a .net instead of a .com, and send 10% of your repeat customers to your competitor who owns the .com.

2. Use a number in your domain name, such as 1Widgets.com, but not own the spelled OneWidgets.com.

3. Since you are a great company, expect customers to remember a long domain name such as WorldsGreatestComputerCompany.com. This is also using a tag line as a name.

4. Give customers two opportunities to forget your name. Expect your customers to remember your company name, “World’s Greatest Computer Company,” and also expect customers to remember that your website is your initials WGCC.com.

5. Admire a famous company or a clever name, such as eBay, by using a slightly different name. Spend your startup capital and time on a trademark legal battle.

6. Make up a new word, such as Viagra, but don’t spend millions on marketing to make the new word a household word, and expect your customers to remember the new coined word anyway.

7. Assume a name that worked for your brick-and-mortar store will also work just as well for your online store, when most customers remembered your brick-and-mortar store by your location, (the bike store at the shopping center).

8. Make customers think if your website is Widget.com (singular) or Widgets.com (plural) and send those who guess wrong to your competition.

9. Choose a popular word such as “American” in AmericanWidgets.com and wait for one or more of the 10,000 other companies named American to sue you for trademark infringement.

10. Register your domain name for just 1 year instead of the maximum of 10 years, and then forget to renew the domain name when it expires the following year. You end up losing the domain name to some cyber squatter who took over your domain and demand  large amount of money from you if you want to get it back.

 

 

 

 

 

 

 
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