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Before you start a career in domaining, you should know more about domain names, what it is, what it does, what it can do and what it means to their owners. This section will make you familiar with and introduce you to the term 'Domain Names'.
A domain name is a person or entity’s name registered on the Internet.
A domain name often refers to or points to that person’s or entity’s website or personal space on the Internet. Most people know the term but there are few people who understand the technical side of domain names.
In fact, a domain name is a name that identifies a number of IP addresses. For
example, microsoft.com is a domain name and it represents about a dozen IP
addresses. In the past websites were accessed by means of IP Addresses. An IP
address is a protocol of number, which almost, seems to represent a telephone
number, example: 201.01.10.10.
In short, a domain name is what you type into your browser to visit a specific
website, e.g.
www.tradedomains.org
What Domain Names Consists Of
A domain name consists of three various levels. To describe this in short, we will look at www.tradedomains.org
First Level:
The first level of a domain name is the ‘www’, which indicates World Wide Web –
a resource on the Internet.
Second Level:
The second level of a domain name is the actual registered name, in this case, tradedomains. This name is decided upon by the registrant or owner of the domain name.
Third Level:
The third level is the suffix, commonly referred to as an
extension, which determines to which Top Level Domain (TLD) group the domain
name belongs. In his case it would be .org
Together these three levels make up a URL (Uniform Resource Locator).
The History of Domain Names
1960 was the year when the first computers began connecting to each other over Wide Area Networks (WAN). That is why a form of identification was needed to properly access the various systems. First time the networks were composed of just a few computer systems but as the number of connections grew, a more effective system was needed to regulate and maintain the domain paths outside the network.
The Internet Assigned Numbers Authority (IANA) was created in 1972 by the U.S.
Defence Information Systems Agency and was responsible for assigning unique
“addresses” to each computer connected to the Internet. In 1973 the Internet
Protocol or IP addressing system became the standard by which all networked
computers could be located.
But the users seem to have some problems with remember of the IP address and they want to find an easy-to-remember system. Their problem was solved by researchers and technicians at the University of Wisconsin who developed the first “name server” in 1984. And then, users were no longer required to know the exact path of their systems.
Only a year later the Domain Name System (DNS) was implemented and the initial top-level domain names, including .com, .net, and .org were introduced. And then 121.245.078.2 became “company.com”.
What Domain Names Mean to their Owners
As mentioned, a domain name is a person or institution identifiable mark on the Internet.
Today domain names are used by companies to refer clients to their websites
located on the Internet. Smaller businesses might register a domain name for
purposes of establishing an electronic mail system.
Private individuals might register domain names and set up personal websites for family purposes.
Smaller webmasters might register a domain to set up smaller websites, with the aim of growing and eventually selling the domains and websites – all hoping to be the next Google or Facebook.
Many investors register domains for future investment purposes. It is a known fact that value of domain names are increasing on a daily basis. Today domain names are commodities trading at hundreds, thousands, hundreds of thousands even millions of dollars per domain name, which at one time was registered at a registration fee – less than $10 per domain name.
Today the majority of commercial activities on domain names are trading. Domain names are bought and sold in the thousands per day amongst traders. In short, domain names mean financial advantage, even freedom to some.
This is where this guide comes to play. We will introduce you to domaining, a term often used to describe the activities of domain traders in buying and selling domain names for profit and in certain instances, holding on to domain names, which might lead to financial freedom in coming years.
