August 27, 2019

5 Things to Consider When Buying a Domain Name

written by

Joe Uddeme

Joe Uddeme

5 Things to Consider When Buying a Domain Name

Looking for some quick tips about securing and buying a domain name for your business? Here’s our expert guide to domain buying, covering everything from hidden fees to privacy protection.

 

Purchasing a domain name is an exciting thing for a new business, but there’s much more to it than simply finding the ideal name. Before you begin, there are a few things you ought to know.

It’s always worth remembering that not all businesses selling domains (known as domain registrars) are the same. Some use tactics like hiding fees or promoting your data to earn more cash, which may have an enduring influence on your enterprise.

In this post, Name Experts Director Joe Uddeme – a seasoned domain name broker – flags up some common things you should watch out for.

 

1. Look out for hidden charges

As with any purchase choice, cost can be a big element. It is easy to be tempted into buying a domain at a really low cost. But don’t be fooled: a few domain registrars provide promotional pricing at an extremely low price but then hide a lot of fees in the contract, lock you in, and charge high renewal prices.

Generally, be aware that registrars offering rock-bottom domains may have additional, less-than-ethical techniques to make money. These strategies include:

  • Adding in hidden prices: Many registrars rely on the fact that most individuals do not read the fine print. Before you make a domain purchase, review the Buyer’s “Terms of Service” for any questionable terms, duties, or fees. Be sure to check what the renewal rates will be, and be certain you are only buying what you need and want.
  • Making you pay to edit your WHOIS or RDAP listing: Watch out for registrars that charge an “administration fee” when you need to edit your WHOIS or RDAP records. Registrars will often try to “upsell” or “cross-sell” you items you don’t require. For example, they might recommend you purchase extra domain endings that are extraneous instead of helpful (for instance, .info or .co). Or, they might offer to package your domain with a bunch of other services you might never use.
  • Charging transfer charges: Make sure the “Conditions of Service” don’t have “transfer-out” charges for moving your domain name to another registrar. These fees could be exorbitant and they violate ICANN policy (ICANN is the non-profit corporation that oversees the use of Internet domains). Beyond the cost, a few registrars make it nearly impossible to perform a transfer by making the transport procedure cumbersome and hard to navigate. It’s a good idea to check into how easy the transfer process is before deciding upon a registrar.

Blue 'Pay here' roadsign to illustrate the danger of hidden fees when buying a domain name.

 

2. Protect your privacy

Unprotected data is vulnerable to being mined by spammers and scammers. Start looking for domain registrars that offer privacy protection for free. Be cautious about dealing with registrars that charge a premium for “privacy solutions,” particularly any who offer to place their details on these registries instead of yours, which covertly gives them possession of the domain.

 

3. Guard your info

Beyond failing to protect your personal data from public records, some registrars actively sell your information to third parties like marketing associations. Some registrars even mine the WHOIS database and then send false renewal invoices, getting visitors to unknowingly transfer their domains. Be certain to find a registrar that promises never to sell or misuse your client information for marketing purposes.

Close up of a hand above a sketch pad with a yellow post-it saying 'Done' on it.

4. Focus on transparency

Look for registrars that offer transparency in their pricing. You should, for example, be able to readily find your renewal prices, as well as the processes for transferring or canceling your domain name registration.

Some registrars offer cheap registration during the initial purchase, but then charge flat-rate costs to renew your domain the following calendar year. They also might make it very difficult to cancel your order. Start looking for a registrar with upfront pricing info and terms of service to avoid surprises later on.

 

5. Differentiate support from sales

Some registrars don’t have support staff but instead have salespeople who are trained to sell you add-on services you may not need – all in the guise of friendly customer support. Look for a registrar that offers courteous and professional support and help, not one that sees you as a cash register they keep trying to ring.

With careful study before you opt for a domain, you can side-step some unfortunate traps and make sure your domain name — and your business – are in good hands for many years to come.

 

About the author

Joe Uddeme is Director and Principal of Name Experts, one of the world’s top domain name brokerage services. He has overseen domain name sales and acquisitions totaling more than $150 million and is renowned worldwide as a go-to expert in buying and selling premium domains. Contact us at: [email protected]

Subscribe for More Domain Buying & Selling Advice

Related posts

Asian man with head in his hands looking dejected
Here Are The 4 Mistakes Almost Every Rookie Domain Buyer Makes

From emotion-driven, domain name buyers, to buyers getting caught up in the hype, these are the 4 things rookie domain name buyers tend to miss.  Name Experts founder Joe Uddeme outlines the things to avoid when buying a domain name. A few years back, a friend of mine regaled me with the story that he’d bought abedtonight.com for 10 bucks. He was convinced he’d quickly flip it for a couple of grand. He was adamant that he’d found a unicorn – a rare domain name that is both super-valuable but hasn’t been snapped up yet. I wished him every success, but I knew the reality. He’d bought a $10 name that was worth about ten dollars. While abedtonight.com could certainly work as a brand name, it fell at the first hurdle: No one had a business of that name, and no one was looking for that precise URL. I can imagine his pitch when trying to sell it: “Hey, Mr Investor, how would you like to build a new online hotel booking service for a few hundred grand, and I’ll sell you a fantastic domain name to go with it?” Not only would an investor likely laugh off such a pitch as insanely generic/borderline insulting, but they’d also point out an obvious flaw in your plan: “What about bookabed.com or getabednow.com?” “In fact, isn’t there already a laterooms.com out there doing great business?” So here’s the first rookie lesson, which luckily wasn’t an expensive one for my friend to learn: don’t believe the name you’ve bought or are considering buying is as valuable as you think. It usually isn’t.  

Default alt text
How To Choose a Business Name – An Expert Analysis

To make their first dollar, most businesses have to settle on a name for their organization. Here’s how to choose a business name that will last you well into the future.   Before you’ve hired the accountant, bought the office chair or spent 20 bucks on some gold-plated business cards, you need a name for your business. Get it right, and your business name will be an asset that will: Send out a clear message about your brand Be memorable – for all the right reasons Encourage customer loyalty Grow with you Get it wrong, and you’ll be stuck with a name that could cost thousands or even millions to fix. In this article, we’ll look at the elements of a great business name, the reasons why getting it right is worth so much effort, why buying a domain name for your new brand is essential – and more. There are even links to a few tools you can use that will help you get your business name deliberations off to a strong start. Why take my word for what makes a good business name? Because names have been my bread and butter for almost two decades. I help businesses buy premium domain names when they want to launch a new company or sub-brand. When you oversee domain name transactions that sometimes run into six and seven figures, you get to see first hand just how valuable a great name is. Key takeaways A great business name will be an asset for years to come Matching up your name, logo and brand identity requires serious attention Choose between catchy or quirky Make sure you can secure a domain name so your online customers can find you  

Man and woman in casual setting look at a laptop, as if investigating best places to buy a premium domain name
The Ultimate Guide to Purchasing a Domain Name

Getting right down to basics, here’s NameExpert.com Director Joe Uddeme with our definitive guide to buying a domain name. Whether you’re a complete beginner or a would-be domain trader, it’s a great place to start.   A domain name is your website’s unique identifier. It is the address people type into their browser when they want to visit your website. For example, typing “nameexperts.com” in your browser leads to this very website. Most businesses with an online presence need a domain name, but business owners sometimes don’t know how to get one. If you want to buy a domain name for yourself or your business, you’ve arrived at the right place. Key Takeaways What to do before buying Choosing the right name and getting it registered Buying a domain owned by someone else What to do next

Why Work with Name Experts

Name Experts offers personalized domain brokerage services, assisting clients in buying or selling premium domain names with expert appraisal, negotiation, and complete transaction management while ensuring confidentiality.

Some of our most
successful stealth acquisition and sales

Aid.com

Fit.com

Mine.com

GLD.com

Jeff.com

Fora.com

Nori.com

Secure.com

Guitar.com

F*ck.com

Radian.com

MetaData.com

Prize.com

Link.com

Loop.com

Programs.com

Claim.com

Quince.com

Hook.com

QXO.com

NQ.com

Rest.com

Humani.com

Max.com

Need help buying or selling premium domains?