Archive for January, 2010
Come up with a kick ass domain name!
Okay since this course does focus on making money online it is now time to choose a great domain name that will ensure you make money always!
A domain name is the name that users will type when they want to visit your website. like MakeMoneyAlways.com or Yahoo.com or Google.com or even AOL.com.
Depending on the problem and solution you are trying to monetize I can recommend doing 1 of 3 options when choosing your domain name.(if you are unsure what a domain name is – it is the actual name of your website: example Google.com is a domain name, just as Yahoo.com is and just as MakeMoneyAlways.com is the domain name for this website.)
When you are trying to choose a domain name you should think about the following 3 options:
If you choose option 1 I recommend that you aim for a domain name that is:
- Short – no more than 7 letters
- Easy to pronounce – Catchy and has a maximum of 3 sounds when you say it (think of Yahoo, Google, Twitter etc’.)
- Easy to type – it would be a shame to loose traffic to typos.
If you choose options 2 please note that the only one that has a major advantage for search engines is option 2 – Keywords based domain However since these domains do tend to be longer than the others the likely-hood of anyone simply typing it in the address bar is very low! If you are still interested in looking for a KeyWord based domain please read my article about how to use the Free Keyword Tracker.
If you choose option 3 Then make sure you use only abbreviations and not half abbreviations for example CNnetwork is not good!
In all cases I recommend you stick to a .Com domain extension – simply because that is what most people worldwide know and remember. Other extensions like .Org and .Net should not be associated with commercial sites.. although they are as equally good for SEO purposes.
Come up with a great money making idea!
In order to come up with a great money making idea you must do 5 things:
- Think about a common problem that many of your friends and relatives have. try and think if that problem currently has a solution and they are just now aware of the problem or if the solution does not yet exist.
- Once you have that problem in mind, try and think of a very simple and friendly solution that can start solving their problem! at this point we are NOT looking for the full solution – rather we are looking for the first step that can point us in the right direction.
- Make up a simple experiment – testing your market. This can be done by conducting a test group, running a small website or even a questionnaire to see if people do actually have that problem and if your suggestive solution may be a good, effective one for them.
- Brainstorm with someone you trust and respect and that most importantly respects you enough to give you honest answers – this should help you formulate the solution and putting it down on paper.
- Imagine the funnel – I like to use a mind map for this stage simply because it can help me bring out the vision into a drawing that will allow me to visually see how my solution solves the initial problem.
Once you have conducted all of these steps it’s time to move onto the next step of the course 