People think buying a domain name could be an expensive affair
. But today, owning a domain name is not as expensive as it appears to be. In earlier days domain names were highly priced ranging from $70 to $100 per domain name for the first registration itself. However, today one can get domain names at the price of $10. This can vary depending on the other services that are on offer with the domain name. But this is not a tough thing to do.
The tough thing is to find the exact domain name that you are looking for. Most of the times, the domain name that you are looking for is already owned by someone else. In these cases, sometimes you can buy the domain names from its original owners. However, this can have a few drawbacks that you need to be careful about.
One of the main things you need to know when buying a domain name is how much you should be paying for it. If the domain names you want is already owned by someone else and you plan to buy it from the original owner, then its price may be quite high. Why does this happen? This is because a domain name's worth is only how much a person is willing to pay for it. So if the owner thinks that he/she owns a domain name that is in high demand, he can hike the price to a great extent and then sell it.
The domain name prices vary from different registrars as well. This is because many registrars offer different kinds of services that can affect the domain name price. One can actually get a domain name for a price as low as $10 with an yearly renewal price of $5. You may also get a discount if you choose to register your domain name for multiple years. The advantage of this is you dont have to always remind yourself about renewing your domain name every year and there is no fear of losing it if you forget to renew it.
There are a few ways to get an idea of the actual price of the domain name.
Look at the current market value of the domain name that you are thinking of buying. You can consider the price of the domain and the price to renew the registration every year. It also makes a difference if a domain name is a .com, or .net domain name. The easier the domain name is to remember and spell, the better its price will be. Another way to find out how much a domain name should cost can be by getting onto a domain name forum or finding out from the domain registrars themselves.