What is the biggest problem you face in starting your new online business?You might think that. "Finding the money. Or finding the time. Will be your biggest problem. Just like it is for most people.
But in actual fact you would only be half right
The real truth is that, you will always have problems. When you start, and run a Internet online business. Starting from the moment that your domain name goes live across the Internet. "Don't believe me? OK." Lets examine ownership of a domain in more detail.Starting with...
Who Owns The Domain Name?
Providing that you have chosen and paid your domain host their fee. You are the owner of that domain.But even something as straight forward as this. Falls into a gray area. Technically speaking.
"You don't actually outright own your domain."
because you are paying a annual fee for it. However. You are allowed to sell your domain on to someone else if you wish,
I don't know about you, but I find this fact amazing!
It's like you renting a brand new sports car, or a house. And having the right to sell it. And pocket all of the cash for yourself. In my opinion. You should have outright ownership of any domain after 5 yrs.
But I won't hold my breath waiting for my suggestion to become Internet law.
If you already have a free web site account on Blogger or Wordpress. What I have written above won't bother you in the slightest
But imagine if you had paid a hosting fee for your web site. And you are very popular on Twitter or Facebook.
You could end up with a very popular web site. That gets tons of traffic. But is not making you a cent
This is the reason why getting targeted traffic is so important. Especially if you are using a shared hosting account..
A shared hosting account is designed to handle a certain amount of traffic a day. Once your web site exceeds that amount. You will have to up-grade your account to handle the increased load.
"Not a problem if you're web site is making you tons of cash."
It just makes good business sense to up-grade.
But...
What if you are not in a financial position to up-grade? Selling your domain name on to someone else. And buying a new domain would probably be the best solution.
Another possible solution to consider is. Un-following people on Facebook and Twitter. So that you can stop this situation from arising again.
Whatever decision you end up coming to.Just remember, that it is just one of the many continuing problems That you will face in running you're new online business.
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