Miriam Schwab of WPGarage.com has a neat little tip that explains how to install WordPress without using a domain name. The trick involves editing the Hosts file on a Windows machine to specify a domain name for the server address the site is hosted on. Mike Little who published a comment on the article made note that it’s not a Windows only trick but can also be performed on Linux/Unix and Mac OSX. This trick enables the previous site to stay online until the last minute where a simple DNS change will switch to the new site.
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