My Domain Idea - Investing in Future Domain Names

Posted by: Adam Posted on: March 1, 2008

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MyDomainIdea.com Business Plan
ATTENTION INVESTORS, BUSINESSES, DEVELOPERS

We at My Domain Idea are looking for serious investors, businesses, and developers to make this into a fully operational site. We are seeking to potentially partner up with businesses within the industry. Internet Registrars, Domain Parking Services, Advertising Networks or some big company like Google or Demand Media would be the types of businesses we would be interested in working with.

With all the knowledge and experience we have with the domain name industry including all the market research we have conducted with domain names; domain name registration, domain name parking, domain name hosting, domain name investing, Internet registrars, search engine marketing, search engine optimization, pay per click advertising, online advertising, social networks, web developement, IPv6, and Web 2.0. We at My Domain Idea cant see a better timing for the launch of our site to take off and become an industry leader in the domain name market.

Here's a quote from Richard Rosenblatt on the business of Domaining:

"I thought, it can't be that easy. So I talked to some domainers, and they said, 'We own 300,000 domains, we make $20 million a year, we have just four employees and some servers in the Caymans.' I thought, 'If you can make that much doing nothing, what if we added some Web 2.0 sprinkle so that people would come back - user publishing tools, social networking? What if we built a platform where we could snap that into as many domains as we wanted?' That's when the lightning bolt hit me: You'd have a company that generates its own traffic, generates its own content, and monetizes itself. It would be the perfect lazy-man's media company!"

Summary for My Domain Idea

Our Vision at My Domain Idea is to become the industry leading service for domain names. Our service with domain names will be the 21st century real estate choice for investors, businesses, and developers. Our goal at My Domain Idea is simple; partner up businesses, investors, and developers with the owners of their domain names. My Domain Idea will provide a profitable way for the owners to monetize their domain names.

All domain name owners knows that owning a domain name is very much like a piece of property. It is owned by someone. It can be bought and sold, traded or transferred. Ask yourself this question, what is the mindset of all these people buying domain names? The majority of people out there are buying domain names in record number are hoping to turn a profit on their purchase.

My Domain Idea will offer many exclusive services to its users. We will provide the first social network for domain names exclusively. The domain name owner will be able to create a profile for their domain names listing all their ideas and their market research associated with their domain name. My Domain Idea can become the global marketplace for buying and selling domain names. We will provide domain registrations either through an existing registrars or through our own. My Domain Idea will offer a domain parking service for all domain name owners that own domain names needing to be parked. The user may decide to park their domain at the parking service provided by My Domain Idea, while waiting for potential businesses to happen. My Domain Idea would like to create the first advertising network catering to the entire domain parking industry. My Domain Idea will also be able to host live and online auctions for domain names. My Domain Idea will offers its users all the tools needed to buy and sell domains among a community of users stretching around the world, including domain appraisals, brokerage services, promotion and domain parking program. Utilizing all these services plus many more secret ideas that we have, My Domain Idea will storm the domain name industry and become the industry leading service for domain names.

Currently, the domaining industry is at an estimated $2 Billion as people buy and sell domain names similar to stocks and property. When people type the generic names into their Web Browser's address field, many sites that generate pay per click advertising revenue appear. This direct navigation bypasses search engines.

Domainer Magazine's, managing partner, Jerry Nolte stated that the "industry is like the wild, wild West right now and people have no idea how fast it's growing."

Pundits and estimators believe that the industry's market will reach $4 Billion by 2010 as people and businesses continue to purchase about 90,000 domain names every day.

By April of 2007, more than 128 million domain names had been registered worldwide, which is a 31 percent increase over the previous year, according to VeriSign Inc., which runs some of the primary domain name directories for the Internet.

My Domain Idea provides users and domain name owners with the following tools:

The ability to create domain name profiles
The ability to upload domain name ideas
The ability to showcase domain name ideas
The ability to contact domain name owners for potential business
The ability to search and lookup domain names
The ability to register and sell domain names
The ability to park domain names
The ability to discuss the domaining industry on the community forum

Domain Parking with My Domain Idea

Domain parking is an industry service that enables a owner of a domain to create a page filled with advertisements. Significant revenue can also be gained from domain parking. For text ads often found on these pages, total revenue for 2006 was $800 million. Combined, Google and Yahoo have a market capitalization of $185 billion (although this changes on a daily basis) and their total revenue in 2006 from the ad-network channel was $7.88 billion.

My Domain Idea will offer a domain service which allows you to park your domains for free on our hosting servers. We will in turn place targeted advertising on your parked domains and you earn money whenever a visitor clicks on any of the ads.

Investors, businesses, and developers, the domain parking industry is all about numbers. Its simple, the more domain names you have parked at your service; the more revenue you will generate. In setting up the platform for the domain parking service, we would be able to off such features into our solution

The advertising network will feed all domain names parked at our site; MyDomainIdea.com
Advanced customization of landing pages
Hundreds of category-based templates
Search engine optimization
Automated and Manual optimization
Strong anti-click fraud
Easily optimize keywords
No minimal portfolio size
100% revenue model
Create your own template
Create your own revenue

Advertising Network with My Domain Idea

My Domain Idea visions to become the industry leader in providing an advertising network for the entire domain parking industry. We would be able to create the first advertising network from scratch that will cater specifically to the domain parking industry only. With the introduction of the IPv6 protocol, there will be massive amounts of domain names being registered worldwide. Having all those domain names being registered, one would have to think that there isn't simply enough time or people to develop all those sites that are being snatched up. The major difference between IPv4 and IPv6 is the number of IP addresses. There are just over 4 billion IPv4 addresses. In contrast, there are over 16 billion-billion IPv6 addresses. With all those extra domain names one can only realize the massive opportunity at hand. All those sites that decide not to be developed will be parked at a domain parking service; My Domain Idea plans to be one. If My Domain Idea was to have a domain parking service, one would think that the most logical thing to do is; create an advertising network for all those domain names being parked. My Domain Idea want to be the first to create an advertising network specifically catering to domain names. We want to compete with the big guns.

Currently, there's been talk on the internet that Google and Yahoo will drop its advertising feeds to ASK.com. As of March 1. 2008, all domain parking sites using the ASK.com feed will either have to find another source for their advertisement links or will have no other option to shut down.

Site Operations with My Domain Idea

Prototype for My Domain Idea

We want to bring attention to that, this site is a prototype of the completed site; its merely to show you how the site would operate. Currently, My Domain Idea powers its site using services provided by others. Right now it has been set up to receive commissions from other companies providing these services. All these services will be replaced with our own.

Users wanting to register domain names will click on the 'Register Domain' tab. This service allows My Domain Idea to receive a commission on every domain name transaction that is completed throughout the site. Users wanting to park their domain names will be able to do so by clicking on the 'Domain Parking' tab. Again My Domain Idea will receive commission on every user that signs up for the domain parking service. By clicking on the 'Submit My Domain Ideas', users will be able to create a domain name profile. The user will be able to showcase their domain name in front of an large audience. The My Domain Idea marketplace allows users to buy and sell domain names. It also gives them ability to take part of live online auctions. If any transaction are made throughout the site, My Domain Idea will receive a commission. The community forum at My Domain Idea, will provide users to discuss everything and anything possible about domain names. The domain name industry always has lots to talk about and discuss.

Note: MyDomainIdea.com is currently monetizing this domain name by collecting commissions on every purchase or service used by its members at My Domain Idea

Future My Domain Idea Model

My Domain Idea plans on creating proprietary platform for this site exclusively with the help of investors, businesses or developers. By integrating all the mentioned services above; domain name registration, domain name parking, submitting domain name ideas, online domain name marketplace, domain name forum plus the domain name advertising network; My Domain Idea will be able to become the industry leading service for domain names. Having all these services seamlessly integrated into one proprietary platform would allow My Domain Idea to maximize our profits within the domain names industry

Currently we are working on at My Domain Idea

Engineering the process to integrate the domain parking service with the advertising network
Applying to be a registered domain registrars
Applying search engine optimization throughout the site
Orgainizaing a contest for the sites logo
Contacting investors about our startup idea
Writing a letter to Tech Crunch so that they can showcase our startup idea

Final Thoughts

We have gotten this site up and running within 2 weeks. We had to find a way to pitch our domain name idea out to as many people as possible. All signals pointed out that the domain industry is going to blow up real quick; its like the wild, wild west. The company that acts first will have the first movers advantage and definitely will have its advantage in this cash cow industry. Think for a moment, do you want a piece of the pie, or do you want the crumbs of the pie?

This month has seen some major changes happen within the domain name industry. All DNS servers around the world were switched over to IPv6. Next, DotAsia Landrush begin with the registration of .ASIA Following was the news that Google and Yahoo were going to drop its adverting feeds to Ask.com. The last was a company that has turned the domain parking service upside down with how it serves parked sites their ads.

Once again, we are looking for serious investors, businesses, and developers to make this into a fully operational site. With all the knowledge and experience we have with the domain name industry including all the market research we have conducted with domain names; domain name registration, domain name parking, domain name hosting, domain name investing, Internet registrars, search engine marketing, search engine optimization, pay per click advertising, online advertising, social networks, web developement, IPv6, and Web 2.0. We at My Domain Idea cant see a better timing for the launch of our site to take off and become an industry leader in the domain name market. Lets build an empire.

We appreciate your time that you have take to look over our business idea for the site, My Domain Idea. We are looking forward to hear from you. Have yourself a great day.

The My Domain Idea Team

CLICK HERE TO CONTACT US

About the Author

The My Domain Idea Team

CLICK HERE TO CONTACT US

Source: Domain Names Articles on ArticlesTree.com

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