If you are new to domain names then this article is for you.
What is a Domain Name?
A domain name is like a vanity number but much better. There can only be one domain for one website. It identifies a unique destination on the Web. So, having a domain that is memorable has many benefits, including allowing people to easily find your business online.
How Do Domain Names Work?
Each Web server is linked to an IP address that is a set of numbers like 184.108.40.206. Not very memorable. Quite the opposite. The Domain Name System (DNS) was developed to allow people to more easily browse the websites on the World Wide Web. This system allows people to type in easily understood and remembered words (ending with .com, or another extension) to arrive at specific websites, rather than having to keep a list of awkward looking IP addresses. Since IP addresses are unique, so are domain names. The DNS maps domain names to the IP addresses where websites are hosted.
How Are Domain Names Registered and Managed?
Domains are registered and managed through domain name Registrars. Registrars are online services that essentially function like domain banks. They allow you to register domains and manage them, including pointing them to web servers that host domains. One of the most popular registrars and the one used in this marketplace is GoDaddy.com.
How Much Does it Cost to Register/Renew a Domain Name?
Generally, domains cost between $15 - $50 to register and renew, depending on the extension.
How Long Can I Register a Domain For?
You can renew a domain for a year and up-to 10 years at a time.
Why Are Domains Listed Here So Expensive?
Once a domain is registered by a party, the registration cost no longer applies. Only the renewal cost stays the same. The reason why registered domains cost so much is because of a number of factors: domain age (it has been renewed many times); it may have been purchased on the aftermarket for a high cost; scarcity (domains of similar quality are extremely difficult to find).
Quality domains will continue to increase in value as time continues because of the sheer number of domain registrations and lack of availability of good domain names.