How To Have The Lowest Cost Domain Name

How To Have The Lowest Cost Domain Name

The perfect domain name is hard to think of (not to mention its availability!) but to pay for it is also a totally different thing. Domain names can range from $10 up to $10 million dollars and if you are just starting your company, you don’t want to have a domain name that costs more than you are earning. So how do you get the lowest domain name cost? Here are a few tips.

Tip #1: Buy from a reputable domain registrar.

A domain registrar is a site that manages domain names. This is where you check if your idea for a domain name is available and this is where you buy them, too. However, not all domain registrars are accredited and a good number is a scam, too. To know if a domain registrar is accredited, look for the ICANN accreditation. The ICANN registration is an organization that manages the Domain Name System.

Tip #2: Search for synonyms.

If your business has a number of existing competitors, then most likely popular domain names are already taken. So, what you can do is look for keywords or synonyms to the product or service you have so that you can buy a cheaper domain name. At the same time, you don’t have to go through any legal problems when it comes to copying domain names.

Tip #3: Don’t force the name you want.

If you find that the domain name you want is taken or that the “.com” version of it is unavailable, the wise thing to do is not go after the same domain name. As much as possible, don’t even push for a different domain extension with the same name. This will just lead to legal problems or at the very least, your clients confusing you with the same domain name with a different domain extension.  Exceptional case, if you really want to get the name that matched your desired keyword, just search the web and see how much they are offering – you maybe surprised that the price of a dot com or dot net cost an affordable price!

Tip #4: Create a new domain name.

At the end of the day, the cheapest way to get a domain name is to create a new one. A new domain name will allow you to start from scratch and be more creative with your brand recall with your customers. Continue to search for keywords and synonyms and feel free to consult a thesaurus. If keywords and synonyms don’t work, then try creating a domain name that is catchy enough for your clients to pick up. In this way, the chances of you getting a unique domain name are high.

Tip #5: Read the fine print of the domain offer.

Once you get an available domain name, it’s time to focus on the fine print of the offer. This is where you’ll know if your domain name is actually cheap.

Some domain registrars have a lot of add-ons stated in the offer which makes it look cheap at first glance but you’ll end up being surprised at the final price. To avoid spending more than you should, choose a domain registrar that allows a minimal transfer fee (or none at all), a fixed annual fee, and affordable hosting services.

Keep in mind that the registration fee for a domain is a recurring cost, as you’re only buying the right to use it for a period of time.


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