Step one to setting up a profitable online business is to buy domain names unique to your business. If you're just setting up a personal blog to share vacation pictures with family and friends then you don't really need to have your own domain name if you don't want to. Even if you decide you want a domain name, you can just use your own name or some variation of it and that will work out just fine.

It's not quite that simple, though, if you're buying a domain name for an online business ( don't panic, it might not be as simple as just choosing your own name, but it's not hard either). The point is that if you're building a business online on of the most important things you will need to do is to drive a ton of very targeted traffic to that website and what better way to do that than to have a domain name that is an actual keyword?

Let me explain. Let's say that your website is going to be about golf, more specifically you are selling an instruction video on how to perfect your golf swing. You've done the keyword research and you've found that many people who are searching online for information on how to improve their golf swing type in the search phrase "golf swing instruction".

If there are thousands of people every single month that are using the keyword phrase "golf swing instruction" to do their search, what do you think would happen if you used that keyword for your domain name, GolfSwingInstruction.com? Yep, you'd get a ton of highly targeted free traffic just because you made your domain name a highly searched for keyword.

If you can get the .com version of a name do so, but if not you can use a .net or a .org and still get good results. Once you've got your desired domain name picked out (you should actually start with a long list of possible names since many of them will already be taken) you can head over to websites like GoDaddy.com or DomainCheapsters.com and register (buy) your domain name.

It's an easy step by step process (just make sure you pay attention because these sites like to try to get you to buy other things during the checkout procedure and if you're not paying attention you may end up buying similar domain names or other upgrades that you really don't need) and when it's through you will be the proud owner of a new domain.

Domains are pretty cheap you can pick up a domain name and own it for as little as $10 a year. You can choose to register the domain for longer which will actually make your per year investment even cheaper.

The actual process of paying for the domain name is easy, the most time consuming part will be to find just the right domain name for your business, it's not hard but it is important that you don't get impatient and skip this step. As I explained above
you want to buy domain names that are highly searched for keyword phrases. That is the best way for your business to get a lot of very targeted traffic and that is the best way to get a lot of money with your online business.