Are you paying the right price for your domain name?
You may be aware that domain names are sold anywhere from zero to hundreds of dollars. What makes a great deal when you purchase your domain name? Do you consider a free domain a great deal? Like the saying goes by, there is definitely no free lunch. So, how would you know if you are paying the right price for your domain name? I’d suggest you first become aware of the costs involved with any domain name. Here are some of the most common costs involved in any domain name.
Determine the right price for your domain name
- Domain extensions or TLDs
- There are hundreds of domain extensions. The most common ones are .com, .net and .org. There are also country specific extensions like .in, .uk, .us, etc. Even more specific, we have .design, .global, .cheap, etc. Each of these domain extensions has a different cost per year.
- Length of the registration
- The maximum number of years you can register a domain name is currently 10 years. At any point in time, you can not register/renew a domain name for more than 10 years from the current date. The costs depend on the number of years you wish to have the domain name registered. Some extensions like .co.uk or .com.au require that you register for a minimum of two years. Remember that while domain name transfers are free, when you transfer a domain name to another service provider, some TLDs require that your domain name be auto-renewed. For example, when transfer a .com domain, it will automatically be renewed for one year. You will be charged by the new service provider for this cost.
- Domain privacy protection
- There is a domain specific add-on which is available for the generic TLDs, known as domain privacy. This service is used to hide the contact details of your domain name from being made public in a whois database. However, this service is not available for every TLD and most country-level TLDs like .in do not allow you to hide your contact details in the whois database.
- Add-ons
- Service providers charge you separately for add-ons like “Managed DNS”, “Email Forwarding”, “Domain Forwarding”, etc.
- Auctioned Domains
- Usually, you’d register a domain name when it is publicly available. The domain name you are looking for maybe be registered by someone else. Sometimes these domain names are auctioned and end up being very expensive.
Now that you know most of the common costs involved in a domain name. When you choose the right domain name for your business, you should now be able to determine the right price by asking yourself, “how much it would cost your business if you did not have the right domain name?“
