Before you start looking for cheap domain names do keep in mind that some companies will actually offer one to you for free under certain situations. For example, you can get it for free if you successfully refer a client to their site. They might also give them up for free during special promotions.
How Much Will It Cost?
The cost will vary per company, which is why you should always have a look around first. But even the most costly will likely top out at $35 but usually it is for much less. And it is very unlikely that you will have to pay for that much anyway since the cost has gone down a lot.
It is more probable that you will find sites with domain names that cost $15 annually, but this should also include web hosting. Of course there are services that sell domain names for less than $15, but they won’t have any additional features. But if a domain name is all you are looking for, then that will not be a problem at all.
What is a Domain Name?
Before you start looking for one, it is vital that you understand just what it is. A domain name is the name of a website, the one you type after www and before com, org or whatever the extension is. The more easily people can recall a domain name, the more popular it is, which is why this is such a lucrative business.
Simply put, your domain name tells people what kind of business you are in, and it provides instant recall. On the other hand, a poorly chosen name can have a negative effect on your site. You can use a domain name after it has been registered and you have paid the corresponding fee.
As any online businessman will tell you, the name you choose can make or break your enterprise. In the case of large companies they actually spend months trying to find the best name possible, trying to make sure that it will meet their objectives. In case the name they want is being used by an individual, they will resort to a buyout.
This isn’t always possible though, and in some cases a legal battle will ensue, letting the courts decide who should be the rightful of the name. This only goes to show how important a name is. For a company, the difference between the right domain name and not.
Could mean millions of dollars in earnings.
Because of its importance, there are actually people who make their living buying and selling domain names. For instance, you might look for names that might prove popular, register them and sell them to any interested company.
If there is a scandal involving celebrity or there is a major geopolitical activity ongoing, people could register names and phrases associated with the events, as they will be very much in demand. They could also do the same if there is a new gadget coming out. Whatever the case may be, it doesn’t change the fact that these names are very affordable.
One of the reasons why people don’t get cheap domain names is they don’t know a lot about the subject and so end up paying for services they really don’t need. But with the information provide above, this won’t be an issue anymore.