Now that we've told you about all of the goodies associated with having your own domain, we want to share some of the drawbacks with you as well. You need to know about both the pros and the cons of having your own domain before you can make an informed decision as to whether a domain is right for you.

Frankly, a domain isn't for everyone. A web site is like having a single piece of developed real estate which must be promoted to have value. But a domain is like having acres and acres of undeveloped real estate which must be developed and promoted, otherwise it is worthless.