Consultation And Negotiation For Domain Broker Service
Step 2 of the Domain Broker Service: a buyer’s roadmap series.
Your personal Domain Broker Agent contacts you at this point in the process based on your preference from the previous step. They’ll review your budget, goals for your domain name and explain the entire process in more detail. Then, they’ll reach out to the current domain owner and begin negotiations for purchasing the domain on your behalf.
How Much Does A Website Domain Name Cost
Domain names generally cost between $2 and $20 per year. The cost depends on the registrar from where you buy the domain. It also depends on the type of domain you choose. There are a lot of domain name registrars from where you can purchase your domain. They offer domains at competitive prices so that you can choose the one that fits your budget.
Domain name registrars are companies that provide domain name registrations basically they let users purchase and register the purchased domain names with them. If you would like to purchase a domain, you will need to purchase it through one of the domain name registrars. BlueHost, GoDaddy, and Namecheap are examples of domain name registrars.
While you can get domain names for free, there are some domain names that cost as much as millions of dollars. The cost of the domain also depends on the domain name extension, as well. It also depends on the discounts and offers the domain registration providers offer. The following factors affect the cost of a domain name.
- Domain extension
- The domain registration provider from where you purchase your domain it could be a private seller or a domain registration provider.
- The cost will also depend on the number of years you choose
The following are the top factors that affect the cost of domain names.
Read Also: Transferring Domain From Wix To Shopify
How Is Domain Pricing Determined
When youre building your website, you have the choice of purchasing a new domain name or one thats already been registered. While every registrar charges different prices for domains, a new domain name is generally inexpensive while purchasing an already registered domain will be more expensive and vary depending on popularity.
When youre purchasing a new domain from a registrar, the prices are determined by that registrar. When youre purchasing an already existing domain, however, youre buying from a private registrant. In this case, price is negotiated between you and the registrant.
For new domain registrations, prices usually dont differ too much from registrar to registrar. For example, the price of a .com domain will usually only vary by a few dollars. Domain registriesyou can think of them as the manufacturers in the domain industryhave a cost for their products. Registrarsthe retailerthen add a markup.
Something important to consider when comparing domain name prices is the services being offered by that registrar. Registrars offering cheaper domain names may not offer as high a quality service and access to domain name management as those who charge an average price.
Also Check: How To Transfer Squarespace Domain To Shopify
Your Domain Name Shouldnt Break Any Legal Terms
There was a time when the Internet was the Wild West.
Those days are long gone. Now its full of corporations with deep pockets that will sue you into bankruptcy if you even look at them the wrong way. Thats why its important to be careful.
Imagine this. You come up with a great name. You register it. You launch your website. And then, just as your business starts gaining momentum, you are hit with a cease and desist letter.
What the ?? is your first thought.
But then, as you decipher the legalese, you realize that apparently your domain name is trademarked, which means that you are in a world of trouble.
You can avoid this by doing due diligence.
For example, you can check US trademarks on the United States Patent and Trademark Offices website.
Alternatively, you can check for the trademarks for whatever country you want to operate in through the local equivalent of the USPTO.
And, of course, Google can help you as well, because if nothing comes up on it, then you probably dont need to worry.
Now, unfortunately, if you came up with a cool name, the chances are that you are not the first person to do so, which means that you might end up having to go back to the drawing board.
However, keep in mind that finding yourself back at square one is much better than getting hit with a lawsuit, so dont cut corners here.
Choosing A Registrar: 3 Factors To Consider
As we discussed, all registrars are the accredited resellers of ICANN, the organization that manages the Domain Name System. ICANN charges a registrar for a domain name registration, and the annual accreditation fee should be paid to maintain the registrar status. Registrars form their pricing based on that, trying to offer the best possible pricing to beat the competition.
There are several factors to take into account when choosing a registrar. Some of them are the following:
- Pricing and benefits. Some registrars can offer registration discounts or free additional services like SSL certificates, which is an attractive option.
- Hosting services. Most hosting companies provide domain registration services. Some people choose to register their domain name with the same company they will then host it with, so they can have everything in one place. Please note that the majority of web hosting companies act as resellers of other registrars.
- Support and user interface. Since all your domain registration information, including the nameservers used, will be managed from the registrarÃ¢s side, you may also want to choose the company that provides the best support and a user-friendly interface for managing your domain.
Please note that you can change your domain name registrar by performing a domain transfer, but the process has its nuances, and there are certain limits and rules.
Also Check: Average Domain Name Cost
You May Like: What To Do After Buying Domain
How Does Domain Name Valuation Work
Domain appraisal can be a lucrative business strategy. Through domain appraisal, you evaluate how much your URL is worth, both for buying and selling purposes, which can increase by seven figures for some URLs, depending on some factors.
But first, what is a domain name? Domain names are what you would type into your internet browser address bar, e.g., or Review42.com. Domain names consist of a top-level domain and a second-level domain:
- Top-level domains are the domain name extension that comes at the end of the URL, after the second-level domain, e.g..com, .co, .net, .org
- Second-level domains are the letters and numbers that mark your websites name and are placed before TLDs, e.g..com or .net. So, in www.review42.com, the second-level domain is Review42.
|NOTE: Domain worth depends on the TLDs used. Certain TLDs go for a higher price than others. There isnt a set rule as to how much you pay or the price of your domain. Check out the best domain name registrars and find out how much your plan will cost you.
Which Option Is Best For Me
For most people, buying a new domain is going to be the preferred route to take. Youll not only get the best deal, but the registration and purchase process will be the simplest.
In time, as your experience and online assets grow it might make sense to negotiate for a domain or purchase an expired domain.
But, when youre just starting out make it easy on yourself and find a solid new domain.
HostGators domain registration is easy, the prices are fair, and you can take care of your domain management and renewals in the same place you manage your web hosting services and website updates.
Domain registration doesnt have to be expensive or difficult. Simply use our domain search tool to find the domain you want, and it can be yours within minutes. Still looking for a hosting provider to help you build your online presence? HostGator is a leading hosting provider that offers a number of different hosting packages so you can build your perfect website.
Also Check: How Much For A Domain Name Per Year
Sign In And Go To Settings > Domains > Buy A Domain
In the admin center, go to the Settings> Domains page.
On the Domains page, select Buy domain.
You can choose from the following top level domains for your domain.
When you select Buy domain, you may be redirected to your Microsoft partner’s website if the tenant is purchased/managed through a Microsoft partner.
For How Many Years Can I Register A Domain
This depends entirely on the TLD you wish you register but usually you can register a domain for up to ten years. Visit the individual domain page and take a look at the pricing table to find out.
Whether youre looking to register for just one year or ten years, its important to find out the cost before you commit. Sometimes you may find that you can get a discount on a multi-year purchase, so its worth checking!
You May Like: How Much Does It Cost To Purchase A Domain Name
Domain Name Cost: Quick Overview
Every website owner will need to factor domain name cost into their budget. You have the choice of either registering a new domain name, or purchasing one thats already been registered. A new domain will cost around $10-20/year, while the price of a preregistered domain will be more expensive, and vary depending on popularity.
How Much Is A Domain Name Worth
So how much should you pay ?
The answer to this question depends on a number of things. If your business is just starting out and you dont have a lot of capital, you probably shouldnt spend anything over $10,000 for a domain name.
Sound like a lot?
Domain names can sell for a lot higher, some for as high as $1,000,000.
So start by asking yourself how much is it worth to you and your business. If you arent sure how much to spend, you can work with a consultant. They can help you determine how much it will be worth when matched with your brand.
Dont buy it if you dont have to budget for it. When youre just starting out and no one knows who you are, a $20 dollar domain name will do just fine.
Recommended Reading: How To Transfer Godaddy Domain To Shopify
How To Negotiate The Price Of A Pricey Premium Domain
Buying a domain at the asking price? That’s like buying a used car at the asking price. Doing your homework pays off.
Your domain name is your brand. Indeed, very few brands these days can get away with an off-beat domain name or a one that doesn’t reflect their company. In fact, many top brands are built off their domain name rather than the other way around and more than one company has been named after the domain it picked up.
It should come as no surprise, then, that top-tier domain names cost a lot of money. Cars.com holds the record for most valuable, valued at a whopping $872 million.
Now I certainly don’t expect most startups or growing companies to spring for a multi-million dollar domain name, but it’s absolutely not uncommon for a good domain to go for tens of thousands of dollars. In internet terms, the cost is akin to buying a house. It’s often the single largest purchase a brand will make, and it’s where your own brand will live for years or decades to come.
So, how do you make sure you’re getting the best deal on your domain name? Having gone through the process several times myself, I offer the following tips.
How Much Is My Domain Worth
Did you know that certain domains can be sold for a hefty sum? You can also purchase an already existing domain name or create one yourself. By creating a domain, you are its sole owner and can, therefore, sell it to any potential buyers. But how much is my domain worth? This article addresses how a domain appraisal works, what affects it, and how its value is estimated.
Also Check: How To Figure Out Who Owns A Domain
Where Can I Buy A Domain Name At A Cheap Cost
Now that you have reached the end of our blog post, let us tell you where to find your next domain you guessed it, were going to recommend Namecheap. Visit our domain name search page now to get started.
As well as domain registration, we also offer other great services such as:
- Premium DNS more speed and 100% DNS uptime
Where To Buy A Domain Name
Buying a new domain, rather than one thats already owned, will be the best option for most people. The domain registration and purchase processes vary a little based on what registrar you use but should be straightforward.
Domain registrars are companies that manage and sell domain names. There are standalone registrars, but most hosting providers also sell domain names.
For example, registering a domain here at DreamHost can be an easy and practical way to go. Since were both a domain registrar and a hosting provider, you can make your purchases together as a package.
Read Also: How Much To Buy A Domain Name
Determine The Domains Value
When learning how to sell a domain name, let alone how to sell a domain name for profit, the first step is determining the actual value of the domain name you want to sell. Unfortunately, this can be easier said than done.
A domains value can range anywhere from $10 up to $100,000 or more! If you have a new domain with little to no domain authority, you can expect the selling price to be on the lower end of this spectrum. Conversely, if you have a great domain with age and a high domain authority, you may be able to get a lot, lot more.
The true answer to how much your domain name is worth is that its really worth whatever someone is willing to pay you for it. However, here are a few factors to consider:
Traffic When selling domains, one of the main influences on their price is the volume of traffic they receive. In other words, the number of people who visit domains via Google searches, links on other sites, and so on has a huge impact on their value.
TLDs Top-level domains, or TLDs, are domain names ending with a .com. These are much more valuable than domain names ending in .net, .biz, .info, and the like.
Simplicity and Length Aside from ending in a .com, the most valuable domain names are simple one or two-word English language domains that are easy to read, memorize, and pronounce.
Okay, now that we have that out of the way, lets move on to actually getting a solid valuation of your domain name.