Articles on Entrepreneurship - Setting up and running your own business


on 13th February 2008 / by webmaster
What is the easiest way to convert ideas into money? Sure there is no short-cut way and you still have to put in a lot of effort but making money on Afternic is reasonably easy and straightforward. If you have a creative flair and have some money that you can safely spare then Afternic is for you. For those of you who have not heard of Afternic, it is the online system where you can sell your domain names for the highest bidder. provides an interesting and very useful service for domain name speculators. If you can think up a good domain name that is not yet registered you can buy the domain name and offer it for sale on Afternic. Although this might lead to what is sometimes known as domain squatting, it is a pretty interesting way to make money for those who have a creative tinge. You can make use of the cheap domain registration rates at Zyxware Domains to buy domains in bulk and offer the domains for sale on Afternic. Afternic charges you 20$ as annual fees for listing your domains. So you will have to have a reasonable number of domains to be able to make efficient use of the overhead. There are three issues that you have to keep in mind when you register domains. The first is about the definition of what is a good domain name that you can sell and get a good profit. The answer to this question is not simple. Some of the key aspects of good domain names are - short, easy to remember, rhyming, combination of short words etc. The best way to get an idea is to go browse through the list of domains that have been sold on Afternic and then figure it out yourself. Browsing through names also will give you new ideas about new domain names that you could possibly register. The second issue that you have to keep in mind is related to the legal and ethical aspects of buying a domain name. Buying a domain name that is a registered trademark of another company with a malicious intent to sell it to the trademark owner is called cyber-squatting or domain-squatting. This is illegal and you can be legally forced to either not be able to do anything with the domain name or give up the domain name to the rightful owner. Even if it was legal we feel that this borders on the definition of unethical business behaviors. The third issue is with the risks associated with such a venture. As with any speculative business there is a definite risk in domain name business also. Given below this article are some of the recent domains that were sold on Afternic. Given that an average domain name costs only around 10 Dollars you can see the percentage of profit that you can make through domain sales. But don't be deceived just by these amounts. You will probably have to invest in a few domain names before you can start selling and even then not all your domain names would be sell-worthy or not all would fetch you similar prices. Doing a little homework can mitigate a lot of risks. Additionally afternic provides you some premium services like affiliate marketing and expanded promotion schemes that can help you highlight your domain name to potential buyers. Yes, these services come at their prices. As a company we condemn cyber-squatting and will not recommend it as a fair way of making money. However you can make money legally and ethically on Afternic by investing in domain names that do not infringe on Trademarks. You can coin your own words, or use word combinations, or use letter combinations to create domain names that could possibly sell for hundreds, thousands or even millions of dollars. Tips to create a good domain name Selling domains is a mature business and there are already around 2 million domain names available for sale on Afternic. has some tips on how to coin good domain names. Listed below you can find some of our recommendations on how to create a good domain name. Most of the words in the dictionary has already been registered. However you could try your hand in registering english-ised words from your local language to register domains that you can sell to your own countrymen. For example the corresponding word for greetings in Malayalam is 'Namaskaram'. The .com domain has already been registered but this should give you an idea. You don't have to restrict yourselves to just the .com, .net or .org TLDs (Top Level Domain names). It is true that these are the domain names that sell like hotcakes but you can also go after third level domain names like, etc or after country code extensions like .us, .cc etc. There are also some expensive domain name extensions like .tv and .cc which would have more options available specifically because of their expensive nature. You can also try to create domain names that makes sense only when added to the extension. When you are trying to do this you also have an option of using something other than the typical www as the third level name. One of the more popular examples is Here the domain name is and they have added a subdomain del to make a meaningful word delicious. Some of the recent sales on Afternic Given below are some of the recent sales on Afternic at the time of writing this article. You can find more atthe list of recent sales at The prices, both here as well as on Afternic, are given in US Dollars. 1099 1088 1000 700 1450 1300 1250 1100 688 688 600 988 988 880 788 3200 2000 1500 13000 3500 4800 1500 5000 1300 850 25000 700 5000 500 500 16500 2000 1000 500 1000 699 1250 900 2400 950 765 1000 500 505 700 795 1260 660 505 1300 1000 500 500 500 1500 500 750 795 800 999 560 2000 750 700 PAPERDIVA.COM 1350 Entrepreneurship Internet Domain Registration Leave a reply Your email address will not be published. Required fields are marker * mohammed ramzan (not verified) access_time 24 May 2019 - 07:36 i need yours easy money making information webmaster access_time 24 May 2019 - 07:36 In reply to i need business information by mohammed ramzan (not verified) Check out and find domain-names that you think might be worth buying and then buy those domains and offer those for sale on Afternic :-) Pacman (not verified) access_time 24 May 2019 - 07:36 i have heard that the next big thing is gonna be the .ws domain extension (website) formerly western samoa. Do you know if there is any truth in that? InvestInIndia (not verified) access_time 24 May 2019 - 07:36 Good article. Add new comment

on 27th March 2007 / by webmaster
Freelancing is not just sitting home and earning some extra income, it is in fact a proven career option. Anybody who is capable of working in an IT company should be able to earn as much or even more through freelancing. Besides being a viable employment option for the unemployed, it gives students and non-IT employees an addional revenue source. As the adage goes - there is no free lunch - you have to put in some effort to get into this field. However it is not very difficult and if one spends some dedicated effort he/she can start off in this field in a matter of 2-4 weeks. The following gives a mashup of some of the points you have to consider... Who can be a successful freelancer Literally anybody can become a successful freelancer There are no preconditions and no essential qualifications There will be a field that matches your interest and capability You dont have to have any technology know-how to start with Essential Attributes for a Freelancer Willingness to work :) Confidence in one's own abilities Desire to grow Skills you will learn along the way Ability to work independently Ability to self-learn Targeted browsing skills and Good internet-search skills Good communication skills (Obviously) Good technical skills Areas where freelancing opportunities are avaialable Web Application Development Desktop application Development Graphics Designing - logos, themes, icons Website Designing - layout, templates CAD conversions Slideshow Presentations Technical writing Professional Blogging Data Entry Software Documentation Content editing, manuscript reviewing Before you start off Identify two or three areas where you would like to try a hand Learn essential technologies and tools required to work in the selected areas Identify people whom you could fall back for technological assistance Starting off Bite only what you can chew. Try out a few small projects initially Communicate with the community your problems and get help when needed Build expertise in the technologies and tools in the selected area Contribute to the community to build your profile within the community Succeeding as a freelancer Anybody putting in some effort should be able to manage a decent career as a freelancer To succeed exceptionally well you will have to work exceptionally well You will have to gain top-class-expertise in the area you select You should have a very good profile within the community and should be contributing well for the community. Good luck with freelancing Community Projects Entrepreneurship Freelance Leave a reply Your email address will not be published. Required fields are marker * Ranjith Antony (not verified) access_time 24 May 2019 - 07:36 Anoop, Have been following your blog for a while. This is a proven concept in US. There is a whole bunch of them here and they call themselves as Indie Developers. Nice name eh? And there has been some successful players in the market as well. Nick Bradbudy is one of them. He is maintaining a blog at where he recently blogged some generous tips for wannabe indie developers. I think, his blog is an inspirational tool, which probably you might want to add it to your initial list in this blog. Yet another one is Jan Goyvaerts the creator of EditPad Pro. He maintains a blog at I myself is a loyal customer of both Nick’s and Jan’s products and I can attest myself that they do what they preach. Yet another concept, which is somewhat relevant to Freelancing is MicroISV a word first coined by Eric Sink (Founder of SourceGear) and later being used and misused by wannabe entrepreneurs. ~ranjith Add new comment