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Domain names are becoming a popular business for many people who want to work at home at their computers. They are currently selling for anywhere between a few dollars to a whopping few million. Here are 5 steps to getting started in lucrative domain names.

Step 1: Sign Up with a Broker

Its much easier to start a lucrative domain names business on the coattails of a domain name broker. However, be sure you research the broker and make sure they will do more for you than provide a listing service.

Step 2: Dont Get Cute

Only buy names that can be resold at a profit. Dont use names just because someone thinks theyre clever (including you).

Step 3: Check the Names

Make sure the names you buy are not taken by someone else. Look it up in the registries before hand. You can, however, use expired domain names.

Step 4: Advertise

Even though you will probably be listed with a broker who may provide space for your business on their website, make your own as well. Get on blogs and forums where you are allowed to post links. Also use internet press release services and other media release outlets.

Step 5: Alternative Names

Lucrative domain name business people buy more than one name--they will buy related ones as well. For instance, dont just buy the .com suffix--buy .org, .net, and any other extensions that may benefit that name.

There you have it. Take some time and determine if this is right for you.

Want to learn more about it? Download the free ebook, Steps to Article Marketing Success.

If you are reading this you might be close to setting up your first website ever or you can be a person with experience that is just curious to see if there are things that you might have missed. Whatever the case is I hope to be able to provide you with a few of the things that I personally feel are important when you are picking the right domain name for your new site.

I assume that you have already found the topic that you are going to be focusing on and therefore I will not go into any of the things that relates on how to find a profitable market online. The reason I say this is that I assume that you new site will somehow have a business related theme as a personal website with pictures of your family and stuff doesnt need much consideration when choosing the domain name.

So let us get into the things that I strongly feel you would have great benefit from.

It is a know fact that more and more traffic (aka visitors to your site) comes from the search engines such as Google, Yahoo and MSN (which has now launched their new site called Live). So with this fact in mind you will need to find out how to get the best possible placement in the search engines so that people will come visit your site.

Most online marketers agree that from a SEO point of you the right keyword rich domain name can help your site rank better that if you are not using a keyword rich domain name. You might say that site like Nike.com, Amazon.com and Ebay.com doesnt have keyword rich names and you are absolutely right.

However the difference between you and the great site is that they have much larger advertising budget than you have and therefore they can get away with having names that doesnt make much sense. So if you are on a small budget I suggest that you go for the keyword rich domain name approach.

Choosing a keyword rich domain name does not mean that you will have to end up with a name that nobody will ever remember. That can be the case but it doesnt have to be. Let us say that you are going to create a site that deals with pets. Maybe you want to sell pet toys and other accessories.

What I would do is to go to the site called: http://www.wordtracker.com/free-trial.html and sign up for the free trial. Once you have received the e-mail from WordTracker you would enter pets in the field.

Youll see that the word pet supplies has a count of 2,000-2,500 visitors in a 90 day period. If you had paid for the full version of WordTracker (I strongly recommend that you do) you would have found that for the keyword phrase pet toys and supplies and that 145 people are searching for that particular phrase every day and that there are only 857 sites competing for that exact phrase.

Now that is great information and you can now use it for finding a domain name that will 1) Tell your visitors what it is that you do and 2) hold some really great keywords that you will want to target to rank in the search engines.

If you go to the site called: http://idenion.dk/tools/multidomaincheck.aspx youll be able to enter domain names in the box and test whether they are available. I have just tested the domains pettoysandsupplies.com and pet-toys-and-supplies.com and both of them are available. That is great news as the domains names will help you some of the way to get the high rankings that you want.

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Well, we all think we are ready, but where to start...? My belief is to find someone who gives full explanations and dig in. Just read and try a few things and do not spend a lot of money...trust only when your ready. There is a lot of mis-information out there.

I searched for 3 years before I found my own way online. I looked for honest info and guidance for people like me and You, who want to get started making money on the internet. It all started with finding places like BOA Club and Internet Marketing Center, because I did not know how to even set up a blog. I slowly learned all that I knew that I did not know there. You do not need to spend 3 years, but getting going on line is not an overnight effort. If you want long term success.

Then last weekend was the weekend that I'll never forget. I went to Celebration, Florida (near Orlando). Once there I found myself among like-minded people who were ready for change. I found myself inspired like never before and ready for making my online business bigger and better than ever.

The weekend started on Thursday with a reception and dinner. Mingling with the others left me with the feeling that this weekend was going to be good for us. I was ready to learn and start anew. Some of the participants came from as far away as Hong Kong and Perth Australia.

Friday and Saturday were full of information and action. It started with working on our Mindsets about money. It was deep work that involved how we saw ourselves with money. Because you need to have a good relationship with money or you're never going to be able to keep it. It all starts with your Mindset.

Then to the day to day running of our internet business. Teaching of the 'nuts and bolts' of our business and how to drive traffic to our sites to build a list and make sales. Because if we do not drive traffic we will not be able to make sales or build our list.

All in all a great weekend full of fun and great people. I hope to see you and one of the next events I attend!

Estelle St.John is an Internet Marketer and Loves to Help the 'Newbies' get started for real. And there is real help out there. If you need a resource on Internet Marketing Try http://www.MindSetForMillions.com