Domain Names

If you’ve ever been on the internet, and it’s likely that you have, you are sure to have encountered a domain name. A domain name is the set of words you find on your internet browser’s web address bar. Surely you’ve head of domains such as Facebook, Google, Wikipedia, Twitter, Bing, Yahoo, MSN, etc. These are but some of the most popular domains visited today, and are worth hundreds of thousands, if not millions of dollars. Yes, you read that right – domains may be bought. One of the most recent domain acquisitions was Yahoo’s buying of the Tumblr domain for a hefty one billion one hundred million dollars ($1.1B)! But to date, the most expensive domain name sold is VacationRentals.com, which was sold for a solid thirty five million dollars ($35M). The difference between VacationRentals’ acquisition and Tumblr’s is that not only the Tumblr domain name was bought but also the entirety of the company.

The Importance of a Domain Name

If the concept of using a domain name was not put to use, we’d all have to remember websites’ IP addresses. What is an IP address? Well an IP address is a unique set of numbers used to locate a specific web address. The reason why domain names were put to use is because it was seen that people would have had a hard time remembering these numbers and would surely find it easier to remember a series of letters when wanting to locate a website instead. With this being said, it can be seen that without domain names, the internet may not have as much significance and impact to society as it has now. Aside from ease and efficiency, domain names also give websites more individuality and make their website unique to other websites.

Getting Your Own Domain Name

1. Thinking up a name

  • A domain name holds a significant role in your domain’s popularity, especially if you are running a commercial website. So when thinking of a domain name for your website, make sure it is short, memorable, and related to the content you post. If you are running a commercial website, a good idea for a domain name is your business’ name.

2. Terms of Payment

  • Most web hosts and domain registrars usually offer the two most popular terms of payment in online commerce: credit card payment and PayPal. Some web hosts offer debit card payment but this mode of payment is very uncommon. Domain names are often offered at annual rates and are usually offered at rates of about ten to fifteen dollars ($10-$15). And at certain times, even more expensive. There may be some who offer it at monthly rates, but don’t expect to find a web host or domain registrar which offers weekly or daily domain registration payments.

3. Choose a Domain Registrar

  • Once you’re ready to give your domain a domain name and have decided on what mode of payment you will use, the next thing to do would be to choose a domain registrar. If your web host does not offer domain registration, you may visit InterNIC’s website for a full list of registered domain registrars. Nevertheless, here’s a list of some of the most popular domain registrars known in the commercial side of the cyber world:
    – Go Daddy, founded by Bob Parsons
    – Enom.com, has 11% of market shares in the domain name industry
    – Hover, a Canadian domain name registrar
    – TuCows, a company best for bulk domain name orders
    – Network Solutions, costly but an efficient domain name registrar
    – Melbourne IT, are great if you like options and variety in service
    – Reseller Club, the most popular domain registrar in India
    – Register, another expensive but very efficient domain registrar
    – Namecheap, offers great deals and 24 hour live support
    – Schlund+Partner, the most famous web hosting company in Europe