How much does it cost to register a domain name? What affects the price of a domain name? Read this article and discover everything about prices domains and the value of a domain name!
If you are interested in starting your own online project, finding and securing a domain name is the first thing you need to do. It doesn’t matter whether you have an established brand, you can’t make a stand online without a great domain name. How much does it cost to register a domain name? How much time should you spend analyzing domains and looking for the perfect one? What are your options?
When it comes to prices domains, you should know that the price of a domain name may vary and it depends on various factors such as where you have bought the domain name (from an aftermarket service, from a reputable registrar, a private seller, and etc.) the domain name extension you use, the term length of add-ons you choose (electing to include domain privacy, registering the domain for a few years, and etc).
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A domain name registration usually costs from $2 to $20 per year, depending on discounts, vouchers, specials, and etc. The newer domain name extensions such as .global, .design, .cheap, and etc. might be more expensive. Keep in mind that the most expensive domains will be the ones available through aftermarket services, on auction houses or private sellers. If you can’t find a suitable domain name and if you are looking to buy a domain that someone else already owns, we would like to recommend you to check out the GoDaddy’s Domain Buy Service and see what they have to offer you.
There are 3 factors that directly affect the value of the domain name – keyword or SEO optimization potential, memorability, and the value of the attached website. If you are really curious about prices domains and how to determine the value of the domain name, you may find this information to be very useful:
- Commerciality – We know that this is not an official word from the dictionary, however, it is a common word used online to describe something that has a commercial value. If the domain has something that can be marketed or sold, then there is a very high chance that it will be promoted and sold for a greater price. A domain that is related to a well-known or popular product will be more valuable than a domain that is related to a personal opinion or a funny phrase.
- Keyword or SEO optimization – This is another very important factor to take into consideration when determining the value and the price of a domain name. You need to check whether or not the domain name contains and it is frequently searched for specific keywords. It is really important to consider the popularity if the domain before concluding its final value.
- The length of the name – A domain name that is shorter has been sold for much bigger profits. The reason for this is that shorter domains are usually more memorable and they become popular more easily when compared to longer domains. You need to keep in mind that the length of the domain is one of the most important factors that impact the memorability of the website. In others words, with a shorter domain, there are smaller chances of typos.
Keep these few important things in mind when looking to buy and register a domain name and you will be on your way to choosing a great name for your website.