When building your own website, knowing how much you should invest in your domain is key. Knowing the average cost and the factors that affect domain prices can help you plan your budget accurately.
Regular Domains
Regular domains can cost somewhere between $1 and $15. Why do I say regular? Because there are also domains that someone already owns, but you can still buy them. These are called premium domains and they are way pricier, ranging from hundreds to thousands of dollars.
Domain Extension
Another thing that affects domain price is its extension. This is also sometimes known as the top-level domain or TLD. This is the ending part you see in a domain. For instance, example.com has a domain extension of ‘.com’.
Domain Registration Cost
Another important thing to note is that domains are registered annually. This means if you got your domain for $15, you’ll need to pay again next year to keep it. Nope, sorry, you don’t get to own the domain forever.
If you don’t renew, the domain could be sold to someone else. If you have enough money, you can pay for sever years upfront.
Upon registration, you’ll choose whether you want automatic renewal or manual renewal. Automatic renewal means that the company where you registered your domain will automatically renew your registration using the payment details you’ve set up – kind of like pre-authorized purchases.
How to save on domain costs
Domain registrars are the companies that process your domain registration for you with the Internet Corporation for Assigned Names and Numbers (ICANN). Domain prices vary from registrar to registrar and some offer discounts during special occasions and holidays. You can easily search for vouchers or coupons on Google. Here are a few websites that list domain registrar coupons: