Online businesses are a good source of steady income while retiring in the Philippines. You need to do the research to find out which online business is right for you. Just about any business you do online will require a website and every website requires a domain name. A domain name is what people type into their internet browser to get to a website. For example, if you wanted to go to Google you would need to type Google’s domain name which is www.google.com into the URL bar of your browser.
A domain name can end in .com, .net, .org or any of the various extensions that are available. For the domain names to be registered in your name it will cost about on the average $10 per year. Some companies who register them for you including my favorite GoDaddy , offer discounts on domain name registration.
Choosing your domain name is a very important step in your online business and will become the identity of your business. People will remember your domain name or web address as it is sometimes called and will refer back to it whenever they need your services. After choosing your domain name, try to keep it for as long as you are in business. This usually requires you to register every year but it is possible to register it for up to five years with renewing.
When picking a domain name the two most important tips are keep it short and make it memorable. A short domain name will be easy to remember and leave less chance that your potential customer will misspell and end up on the wrong site. In the early days this was easy because one word domains such as www.buy.com were readily available but with the explosion of the internet most one word domains have been purchased and it will cost you too much to buy them. Two word or three word domains would be the way to go. Domains like www.buytoys.com or www.buytoysnow.com are much more common place, but do the best you can to keep the domain easy to type.
Make sure your domain name is aligned to your business and if possible the person looking for what you offer can tell what your site is about. If you can’t get the domain which includes your company name get something close. To avoid legal problems stay away from possibly trademarked names and unless you site is one, don’t use a name that could be mistaken as a porn site.
One last suggestion is that the best domain names are names when end in the .com extension. Although .net and others are used frequently .com names are most recognizable and your customer might type in .com instead of .net and you could lose business.
I hope these tips will help out when starting a business and enjoying your retirement in the tropical paradise called the Philippines. As I’ve said before all of the transactions concerning websites can be handled using credit cards or PayPal allowing you to work with US banks.
