All About Domain Name Prices
When you’re building a website, one of the primary things you will have to do is to create a domain name. A domain name is going to be the address people will use in order to end up on your site. Of course, this does not come for free. So, how much is a domain name?
Factors That Affect The Price Of A Domain Name
On average, a brand-new domain name will cost around $10-$14. However, the price can shoot up to a few million especially when you are trying to buy an old domain name. Here are some of the factors that affect a domain name’s price.
1. Domain registrar
A domain registrar is a site that buys and sells domain names. There are sites that cost more when you buy your domain name from them, but what’s good about this is that their additional prices are not that different from the rest of the domain registrars. You just have to be wary about the terms of your domain name contract
2. The term of the domain
Usually, the kind of charges you will get will vary depending on the term of your domain name. Long-term charges have fewer renewal fees as you don’t have to pay for them every year. On the other hand, a short-term domain name might charge more for renewal fees than its registration fee.
3. Domain name extension
The price will also vary depending on the domain name extension you use. Common extensions are .com, .info, .biz. These domain name extensions are pretty common and you will find that they are priced lower as compared to .security which can cost you around a few thousand dollars.
And lastly, the add-ons affect the total amount you have to pay for a domain name. Some domain registrars charge for renewal fees, transfer fees, and other hidden fees. When you get your contract, be sure to check each one of them because some are automatically added to your total bill. To be able to avoid paying more than you should, try to canvass among other domain registrars and get the one that has the best deal for you.
A Few Things To Note
A cheaply priced domain name will look appealing to anyone who is trying to cut down cost, but there are times that this low price will only cost you a lot in the long term.
When you are getting a domain name, make sure to read the contract and look out for additional charges. Additional charges come in the form of renewal fees (that can increase over time), transfer fees, hidden fees, and many more. There is also a chance that you will get scammed by a deceiving site.
Aside from the price, you have to consider the whole process of getting a domain name. It’s always going to be harder to buy an old domain name especially since you would have to negotiate for the price. This is why it’s recommended for first-time businesses to just create a new domain name.