My name is Marcarthur. I am a full time student at Syracuse University. I have no intentions of leaving this damn school until I obtain what I came here to get!

Sunday, October 24, 2010

Entrepreneurship Lab 8th post (not my last)

The world we live in today revolves and is controlled by the Internet. Most successful suppliers have some type of online site where their products are made available for purchasing. My company will be similar to others in that aspect.

My company will have a website, but in order for this to happen I would have to purchase a domain name. Domain names are usually dirt cheep unless the desired name is already purchased. Then usually what happens is the domain name is sold for a very high price, which can vary from hundreds to thousands hundreds of thousands.

My domain name would be unrestricted and end in .com. To actually find the domain name I would have a creative contest. My company will be somewhat already established so I will have hired employees. Based off of what my company does, I would have my employees all come up with a name and chose the best that suits my company. The winner of the contest will receive a small but well earned bonus, so there will be incentive.

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