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Back in the day, domain names were outrageously priced. Ranging anywhere from $70 to $100 per name for the first registration and half that for renewals.
Today buying a domain name isn’t as expensive anymore. In today’s world, you can buy a domain name for as little as $10 per year. The domain name price comes in to play and varies between registrars depending on what other services or offerings the registrar offers packaged with the price of a domain. For instance some domain registrars may offer web hosting packaged along with the price of the domain name itself, while others may be more transparent and show you only the cost of the domain registration.
While buying a domain name itself is quite easy and inexpensive today, the hard part often is finding the right domain name that you would want to buy. Many times the preferred domain name is already taken by someone else. If this is the case, you may sometimes be able to buy the domain name from the original owner. There can be many drawbacks to this and you should opt for this if an alternative domain name is just not an option and you have to purchase the domain name from the owner at the price that the domain owner demands.
If the domain name you want is already taken, and you want to check into buying it straight from the owner, the price may actually increase beyond reason. Why is this?
Because a domain name is only worth what someone will pay for it. So if a owner thinks their domain name is in hot demand, they might demand a price that is way more than what it might cost after the domain expires. The risk with that is that the current owner of the domain may renew it before it expires and you may not have the option of buying it after expiry.
Unfortunately there is no real way to put a price on a domain name. There is no real equation to it. The perceived market value of the domain and the demand for it would determine the price you would have to pay to acquire it from a current owners
Estimating how much a domain name you own is worth is also subjective. The easier the domain name is to remember and the easier it is to spell, the better the price will be. Even commonly misspelled domain names can cost a premium, simply because people often make typos and spelling errors. Another factor that can determine the price you can command for a domain name you own is whether the domain name contains a common and frequently searched for term. If it contains such a term -- also called a keyword -- then the domain name would be able to command a significant premium.
Domain name prices vary from registrar to registrar. Many registrars offer many different types of services bundled with the price of the domain name, and that can actually affect the price considerably.
For the most part you can find a decent domain name for as low as $10.00 with yearly renewal fees as low as $5. Many times you can get multiple discounts for registering your domain name for a longer duration instead of just a year at a time.
If you chose to register for multiple years, you would also be saving yourself the possible frustration of missing a yearly renewal deadline and the possibility of losing your domain name.
There are a couple ways to get a general idea of how much a domain name actually should be priced or worth.
Take the domain name you are interested in, and look at the current market value. You can look at the price that the domain is selling at and also the price it takes to re-register the domain name each year. There are many sites that will give you the market value and estimated price of the domain name of your choice.
You also need to take into consideration whether the domain name is a .com, .net, etc. Since price of the domain name varies depending on its top level domain (TLD) or extension, this factor alone can significantly change the price of the domain.
If you have exhausted all your efforts in trying to determine how much a domain name should cost or how much you should pay, jump on a domain name forum or ask the experts, the registrars themselves.
By doing this, you get a fresh idea of how much you should or shouldn’t pay for a domain name.
Your domain name is your investment into your business, treat it well, give it some thought and research, and you shouldn’t over pay for a domain name that isn’t right for you.
Ballistic Domains has been a leader in domain name registration and web hosting for many years. Not only do we offer domain name registration at among the lowest prices in the industry, our domain name pricing is transparent and you know exactly how much you would be paying and for what, before making a purchase decision. Over the years, we have emerged as among the leading providers of domain name registration and web hosting services. Talk to us about your requirements and you will find it hard to find a service provider as flexible, responsive or affordable as Ballistic Domains.
To register your domain, start by searching the domain name of your choice below.