Want to set up a website? It sounds easy, but not after you start to think about how to max out on all the elements that will make it an exceptional website.
One of the key elements to every site is the domain name.
If you want mind-blowing results, then you must invest in a good name and that’s where the cost factor comes in.
How much does it cost to purchase a domain name? Well, it could be as cheap as $10 year or as expensive as $16 million. Shocked? Some aftermarket domain are known to break the bank (more on this later).
Domain registrars (the places where you buy/sell domains) charge different prices and so how much you pay for a domain will also depend on who you pick as your domain registrar. .com, .org, .net, .info, .biz are some of the most preferred extensions. They fall under TLD (Top Level Domains) and are known to cost differently.
Knowing a few tricks and facts when purchasing a domain will also help you bring the cost down and probably evade the hawk-eyed scammers out to drain your wallet.
3 Things Every Domain Buyer Should Know About
If you comb through the dozens of complaints raised against domain registrars, almost 60% touch on billing/collection issues. Auto-renew and transfer out fees are some of the most common ills. Many times, such elements are hidden within the lengthy ‘Terms of Service” which few of us, if any, ever get to read. Some domain registrars will charge you a ‘transfer out’ fee (2-3 times the initial cost of domain registration) when you transfer your domain to another registrar. Sucks, right?
Should that ever happen to you, give your credit card company a call and register your complaint. If luck falls on your side, the transaction will be reversed. More importantly, take note of domain registrars who practice this so as not to become the next victim.
Well, they are not bad at all, just to be clear, but here’s the catch. Some domain registrars play a foul game with that. They will offer an enticing 3-5-year discount if you register your domain for that amount of time.
Next, they will the pay the registry a cost covering a year, pocket the remaining amount and go on to renew the domain yearly until your time expires. Worse, they will throw in a ‘no refund policy’ which means even if you leave, the cake is theirs to eat.
So what should one do? Visit Whois lookup, type in your details, and verify if the expiration date matches the period of time you paid for.
Whois is a great tool but rogue domain registrars – especially the budget ones with strange names – have made it a habit to manipulate the site to their gain. All newly registered domains must be submitted to Whois, a publicly accessible database, for publication. A domain registrar should pass you the ability to edit your Whois records.
The wicked ones who mostly ask unbelievably cheap domain registration will show up with crazy fees in the name of admiration fees that you should pay if you need to edit those Whois records. Others take this a notch higher by locking you out for 60 days anytime you attempt to edit your records.
Also make sure to carefully scrutinize the Whois privacy services in which the registrars will ask to be the registrant under your Whois records. This might bring you legal challenges when complicated issues come up.
Lastly, keep in mind that the Whois database is free for all and so to keep your data from being mined by bad guys, employ the services of myprivacy.ca.
Other important things to note include:
- Setting a registrar-lock so as to prevent any person from transferring your domain away from you. Do it for all your domains.
- Get a domain auth-code to further secure your domain against unauthorized transfers. It’s an 8-character code that must be supplied before anyone transfers your domain.
The question ‘how much does it cost to get a domain name’ comes into better perspective when you start to consider all these factors we’ve mentioned. With all these things in mind, you are safe making your purchase.
Overview of Domain Registrars and Prices
Out here you will literally run into dozens of domain registrars each with their own set of packages and perks. Sometimes you will find it hard figuring exactly just how much do domain names cost.
On average, if you intend to register a new domain, it should cost you anywhere between $10- $15 a year.
Don’t always fall for the cheap packages. Keep in mind that sometimes ‘cheap is really expensive’. Oftentimes, the costly packages pack additional tools and other freebies that will help build your website fast and with ease.
So here’s a compilation of some of the prices from some of the well know domain registrars (note that the prices usually fluctuate often and so to get the latest price simply visit their sites)
Namecheap: What’s made Namecheap well-known and reputable is their simple services covering domain registration and the friendly prices they offer to customers.
Rates range from $0.88/year (.us, .men, .faith, .cricket etc.) to $8.88/year (.com) to as high as $2,488/year (.security). You can check out their website to see their full pricing list. Additional features include free email forwarding, free domain parking, free web redirection etc.
GoDaddy: GoDaddy is currently one of the most popular domain registrar in the world today. For as low as $9.99/year, you can have your .com domain registered and on top of that, they offer free web redirection, a web interface, free parked page, free starter web page and so much more.
1 and 1: Besides having a reputation spanning decades, 1 and 1 has some of cheapest domain in the domain industry. You might pay anywhere between $0.99 to $2.99 on your first year and thereafter $14.99/year. Some of the features to expect include free email account, private domain registration, unlimited email forwarding, a free SSL certificate, DNS management etc.
Dotster: Dotster offers pretty cheap domain names at $15.75/year and on top of this, you have an optimal privacy facility and a great web interface to help you manage your domains.
Name: Name.com has over the years garnered a good reputation not only in web hosting but also in domain registration. You can register your domain with them for as low as $10.99/year.
iPage: iPage isn’t new to any of us not only because of their web hosting services but also affordable domains. You will pay between $9.99/year (.net) to as a high as $35/year to own any of their domains. Their .com domains retail for $14.99/year. This rate will also act as your renewal rate.
Some companies such as Hostgator will offer you a free domain if you decide to buy a hosting account from them.
There are other great domain registrars such as Gandi, Dreamhost, Hover, just to name but a few, that are well known for offering affordable domains alongside a list of other great features.
You can actually use the following factors to tell if a domain registrar is ethical and reliable:
- No hidden fees. Everything has been laid bare. On a different note, such fees always make it hard knowing exactly how much is a domain name.
- Lets you have direct access to all your Whois records, your auth-codes, registrar locks, and other significant elements such as full control of the DNS settings.
- Avoid those who don’t pay the registry upfront for the specific period of time you’ve registered your domain name for.
- Provides a privacy email service from Whois at absolutely no cost.
- Never sells or shares your data with third parties.
- Prompt in responding to your queries and not too pushy with their services.
Buying an Already Registered Domain
Just how much is it to buy a domain that is already registered? Well, not really cheap as registering a new one. Having the right domain counts a lot when you look to having a business or platform that will catch the attention of web users. Don’t we all also hate lengthy domains that put our minds to task when we try to remember them?
But have you ever thought of a domain name, tried to register it only to find that it’s already registered? Of course you will have the option to opt for other extensions but if that’s not your wish, you will certainly have to try your luck in the aftermarket domains market.
Registered Domains Explained
Once a user has a registered a domain, it becomes an aftermarket domain. An owner can decide not to renew it when it expires or to simply sell if they feel like doing so.
In most cases, aftermarket domains are purchased by people who speculate that the particular domain will turn out to be irresistible in future and certainly attract huge profits. Thanks to auction sites and domain brokers, you can today visit any these places and cut a deal as opposed to trying to trace down the owner and negotiate with them.
What’s good about these sites is that both you, the customer and the domain seller are protected from any form of fraud. Some hosting companies also let you access some of these aftermarket domains.
So how much does it cost to purchase a domain name from these sites? Well, anywhere between hundreds of dollars to tens of millions. Reasons why these domains are highly priced to a tune of tens of millions include potential for huge traffic, great inbound links, high branding value and so much more.
In 2007, SEO.com was sold for around $5million. The most recent one is Sex.com which sold for a whopping $13million. That took place in 2010. Others that have attracted millions of dollars in the past include:
Data from DomainNameSales.com reveals that most aftermarket domains get sold for between $5000- $80,000. If you look to purchasing one that ends in .com, the average price you should expect is anything between $9000- $30,000.
So if you intend to go for the aftermarket domains, prepare to fork out thousands, if not millions of dollars to get your hands on that domain name you badly want to have.
Some of the well-known aftermarket domains markets include:
- Godaddy (Auctions)
Before digging deep into your pocket to pay some of these brokerage sites, ensure you vet them thoroughly and also check the reviews from around the web about them. Some of them have awful reviews.
Another important thing to note is that thousands of domains do expire every day and so anyone can make use of places such as snapnames.com to check out this domains if you intend to grab a registered domain. If lucky, this will turn out cheaper option for you.
You can check out this video to learn more ways of finding cheap expired domains:
As you can see, so many things really play out in you knowing exactly how much is a domain name.
Verifying Registered Domains
Not all registered domains come clean. You probably don’t wish to fork out huge sums of money only to realize later that the domain you bought is on the top of the list on Google’s blacklist. So look it up in all search engines and ensure that it doesn’t come with penalties it might have received while in operation.
Go further to scrutinize the specific industry from which the domain belongs to and all the previous content they published. You can get all this information from the Internet’s Archive tools such as internet archive.
Does the domain have any complaints raised against it? How about its transformation over the years? Ensure you have solid answers to all these questions.
It’s obvious to want to know how much is a domain name plus all the relevant information related to that when you look to setting up a website for personal endeavors, for business, or other uses.
So if you really wanted to know how much does it cost to buy a domain name, keep in mind that these prices largely depend on the search engine rankings, traffic levels, keyword usage, and a host of other factors. Whenever you run into crazy bid prices, just know that the domain brings with it a higher commercial value.
What’s clear is that if you intend to register a new domain, set aside around $10-$15 which you will have to pay as a yearly subscription.
This is a very small price to pay to get the perfect domain name for your new website or business!
Now go find a great domain today, and choose wisely…