Hearing about the dotcom boom of selling domain will certainly make a newbie to start domainaing to make it big immediately.

This is also coupled with the fact that so much HYPS have been made by several theorist who want quick money with claims of how they make it on domaining. What I keep telling my subscribers, friends and students alike is that Domaining is an art that you master.

Therefore you run it as a business and not just for the fun of it. It is a serious business for serious minded netpreneure. The taste of the pudding is in the eating. experience is the best teacher. You may have checked out sales brokered and you come of the thinking that domains that were sold was not worth the price as the names were worthless. No. Not at all. To start making it big ion domain business, you will need to do the following:

1. Have a Domain Role Model: As with any thing in life, you will never do too well or you could avoid mistakes if you have a role model and follow his advise for a long period of time to understudy his secrets and methods and leverage on his mistakes.

2. You must read voraciously online: First, free information abound on the internet about anything you can think and so you can have an insight into what you want to do as a domainer.

3. You must have a payment system: A payment system will enable you to make payment, purchase software, domain names as the case maybe. You cannot register domain name without a payment system such as paypal or credit card.

4. You must be with trend: Trends is onje of the factors that determine which domain you can register and sell immediately. If for example when hurricane Katrina happened and you rush off to the net and secured a name related to it, you will make good money monetizing the domains by selling clicks or possibly sell it off to a wanting buyer.

5. You Must mind where you register domains: This last factor is of very great importance. Your ability to research on a company you use in registering your domain matter as some of them a fly by the night companies with poor support and could close at any time or some will steal of hijack your domain name. Give them a call, search in search engines to know about them and possibly send a mail to their support.

I will continue with part 2 later.

Let me welcome your comments