The Ultimate Guide to Purchasing a Domain Name

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JoeUddeme

JoeUddeme

The Ultimate Guide to Purchasing a Domain Name

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 often don’t know how to get one. You’ve arrived at the right place if you fall into this category. We’ll explain how to buy and register a domain name for your business.

Before Buying Your Domain

Let’s examine the essential steps to take before buying a domain name:

Choose a domain name

A domain is a unique web address, meaning two websites can’t use the same domain name. The first step to buying a domain is to choose the right domain name for your business.

The domain should be brandable and easy to remember. It’s how customers will find you, so avoid any name that gives people headaches when recalling. The domain should preferably include the name of your business so that people can easily guess it if they are not sure what it is. Let’s say you run an electronics store named MJ Gadgets; the perfect domain name is MJGadgets.com. If this domain isn’t available, you can look for alternatives like ShopMJGadgets.com, BuyMJGadgets.com, and MJGadgets.net.

Choose a premium domain name if you can afford it, as they are short, catchy, and memorable domain names that draw valuable organic traffic. Most successful online businesses use premium domain names.

Choose an Extension

The extension is what comes after the dot (.) in your domain name. “.COM” is the most popular domain extension and should be your first choice. If “.COM” isn’t available, you can pick alternative extensions like “.NET,” “.ORG,” and “.CO.”

Google and other search engines have confirmed that your choice of extension doesn’t impact rankings. However, it significantly affects consumer perception. People generally don’t trust uncommon domain extensions like “.XYZ,” “.BLOG,” “.WEBSITE,” etc.

Understand How Domains are Valued

Before making a final decision, you should understand how domain names are valued, especially if you plan to sell the domain later. Many factors contribute to a domain’s value, including:

  • Length: The shorter a domain’s length, the easier it is to remember and the more valuable it becomes.
  • TLD: Some domain extensions are more valuable than others, such as “.COM” “.NET,“ .AI,” “.IO,” etc. The more popular the domain extension, the more valuable it is.
  • Length of domain history: The longer a domain name has existed on the web, the more likely it is to command a high value.
  • Keyword popularity: Domains with generic keywords people frequently search for tend to have high value, e.g., “Amazon.com,” “Stripe.com,” “Square.com,” etc.

Verify if it is available

Considering the above factors, it’s time to check if your desired domain name is available. You can do this by simply going to any domain registrar and typing the desired name in the search box. If the domain is available, the registrar will offer to sell it to you. Otherwise, the registrar will notify you that someone else has already registered the domain.

To demonstrate, let’s search for a random domain, “ournameexperts.com” on Namecheap, a popular domain registrar. Namecheap said this domain name is available, and we could register it immediately.

Now let’s search for “nameexperts.com.” Namecheap said this domain name has been registered by someone else since 2000. Of course, that’s the domain you’re currently on, so you can’t register it for yourself.

If your desired domain name is available, move to the next section on how to buy a domain name outright. If it has been taken, move to the ensuing section on how to buy a domain name that is already registered.

How to Buy a Domain Name

1. Choose a domain registrar

Any domain name must come from an accredited registrar, such as Namecheap, Dynadot, Hover, Bluehost, and Domain.com. Over 2,400 domain registrars are accredited by ICANN, the governing body of the global domain registration system, so finding a suitable one shouldn’t be an issue. You can see the full list of all ICANN-accredited registrars here. Any supposed registrar not on this list is illegitimate.

2. Select your domain and extension

The next step is making a final choice about the domain and extension for your online business. We’ve discussed the factors that should influence your decision, but it’s worth reiterating that “.COM” is the best extension. This is the first extension most people consider when looking for a brand’s website. If a random person wants to guess your website name, they’ll likely type the name followed by a .COM and hope their browser will show your website.

The .COM extension is easily recognizable and helps your website rank higher on search engines. Domain names with this extension also command a higher resale value, giving it a competitive edge over other domain extensions.

3. Select How Long to Register the Domain

Domain name ownership isn’t etched in stone. Every domain has an expiry date, although you can renew the registration for as long as you want. You can register a new domain for up to 10 years, with each additional year carrying higher upfront costs. The bright side is that you don’t need to bother about short-term price changes once you’ve registered a domain for many years.

If you want to build a valuable long-term brand, 5 to 10 years is the optimal period to register a new domain. But if you can’t afford a long-term registration, you can register it for a year and turn on auto-renew so that the registrar automatically renews it when due.

You can’t technically buy a domain forever, but you can use some workarounds to own it for a seemingly infinite time.

4. Purchase your Domain

Enter the available domain name into your registrar’s search box and click the buy button. On the checkout page, most registrars suggest adding domain privacy to the registration package. Some registrars offer domain privacy for free, while others demand extra fees for this perk.

Do you need domain privacy?

Domain privacy protection means hiding your personal information from the public WHOIS database. This ICANN-operated database contains information on all domain owners and is open to anyone. However, you might be uncomfortable with your contact information being out in the open. In that case, you can request domain privacy for your registrar to hide your personal details from the WHOIS database.

If you have no issues with your contact information being publicly searchable in the WHOIS database, you can ignore your registrar’s domain privacy suggestion.

5. Complete the Registration Process

Pay for the domain name with a credit or debit card and complete the registration process. Your registrar will ask for contact information, including a name and email address, to register the domain. This information is usually listed in the WHOIS database, but domain privacy lets you hide it.

6. Verify domain registration

Your registrar will send a verification email confirming ownership of the domain you purchased. Click on the link in the verification email and smile because you have formally joined the club of domain name owners.

How to Buy a Domain that is Already Registered

We can predict your disappointment if you find out that your desired domain has already been registered. However, don’t fret—there’s still a way out. You can contact the owner and formally offer to acquire their domain, especially if it isn’t connected to an active website.

Finding a domain owner and making a reasonable acquisition offer can be exhausting, so seeking a domain broker’s services is advisable. Domain brokers are experts who specialize in buying and selling domain names– the internet’s equivalent of a real estate agent. If you’re interested in a house not publicly offered for sale, you’ll likely seek a real estate agent. Similarly, if you want a domain that is already registered, seek a domain broker to handle the negotiations.

Domain brokers can help you find the owner of a domain even if their information isn’t available on the WHOIS database. Then, they’ll reach out to the owner for negotiations. This part is critical because domain brokers have proper knowledge and experience in domain name valuation. If you’re negotiating directly, you might underbid a domain and cause the owner to ignore you or overbid for a domain and get played on. A domain broker sets a reasonable bid on your behalf and adjusts when necessary.

If the owner agrees to sell their domain name, the broker handles the escrow and ensures you aren’t cheated. Then, they’ll transfer the domain name to you. Name Experts is a reliable domain broker that helps you purchase valuable domain names. We offer our clients stellar services for reasonable fees. For more information on domain brokerage services, you can see our in-depth guide on how to buy a domain from someone else.

Sometimes, the broker helps you find the owner who says they don’t want to sell for any reason. In that case, it’s wise to avoid beating a dead horse and seek a new domain name, preferably something similar to your first choice. It can be as simple as choosing another extension with the same prefix, e.g., OurNameExperts.com > OurNameExperts.net.

What to Do After Buying Your Domain

You’ve acquired a domain, so what’s next? A lot can happen next. The obvious choice is to connect your domain to a website and work on attracting traffic. You’ll need a web hosting plan from a reliable company. The company hosts your website on its servers so that people can access it anytime, and you’ll pay a fee for this perk. The good news is that web hosting has become as affordable as ever– you can find hosting packages for as low as $5 monthly.

The type of website you want determines your hosting provider. For example, if you run an online store, you’ll need an e-commerce hosting service like Shopify, Shift4Shop, Squarespace, and WooCommerce for WordPress. If it’s a news site, social platform, booking website, or anything else, you can find endless hosting options for it.

You can also create a professional email address attached to your domain name. Professional email addresses make your business look brilliant and increase the chances of getting a response when you pitch to clients. You can trademark your domain, market the website, and even sell it later. There are endless things to do after buying a domain name.

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Why You Should Use The .com For Your Domain

.COM for Business Using a .com domain for your identity offers several significant advantages that can positively impact your brand’s identity, visibility, and long-term growth. Here’s why a .com domain registration transfer is often the best choice for a new domain registration and purchase in your desired price range. The purchase can be daunting and less secure without the proper knowledge of the transfer process. Price range is a major factor when it comes down to buying-or a potential sale of your URL. Global Recognition and Trust Most Recognized Top Level Domain: The .com domain extension is the most widely recognized TLD globally and connects the World. When users see a .com domain, they immediately associate it with a legitimate organization. It’s the default extension most people think of when typing a domain name or securing one for ownership and transfer. Trust Factor: Buyers tend to trust websites that have a .com domain over other top level domains. Most International registrars support the transfer of .com and offer additional features. Since it’s the most established and widely used domain extension, it adds an element of professionalism, security and reliability to your marketing plan. This helps visitors with peace-of-mind and more likely to engage with your entity and feel more secure. Memorability and Ease of Use Easier to Remember: A short, catchy .com domain is easier for people to recall. People are conditioned to associate websites with .com, making it more likely that they’ll remember your complete domain name when searching for your business or product suite. This improves free direct visit traffic, where users type your domain into their browsers, leading to higher engagement and conversions on your site to protect your brand and keep you covered. Fewer Mistakes: Because .com is the default TLD, potential individuals are more likely to accidentally type yourbusiness.com even if your actual website is on a different extension (e.g., .net or .org). Owning the .com prevents you from losing traffic to other sites and allows your client to complete the navigation. Customer Expectation .COM: Customers often expect businesses to use .com for both websites and email addresses. If a site uses yourbusiness.com for its website but an alternative domain like .net or .biz for its email, it could create confusion or even raise questions about the their legitimacy even if its catchy. A professional email address ending in .com adds security, simplicity and attracts more visitors to the domain to achieve success. Using the same .com domain for both your website and professional email helps create a cohesive brand identity for your new domain and keeps you protected and ready to continue to build your organization. Other TLDs: If your website is hosted on a .com domain but your email use different domain extensions (e.g., [email protected]), it can lead to confusion and undermine the consistency of your brand. Clients may accidentally send emails to [email protected] because they assume your email matches your website domain. Credibility with Investors and Partners Perception of Success: Having a .com domain is often seen as a sign that a brand is more established, successful, and serious about its online presence. Investors, acquisition partners, and other account stakeholders may view your brand more favorably if it has secured a .com domain, especially if you’re targeting a global audience, or providing services or support. Domain as a Digital Asset: A .com domain purchase can also become a valuable long-term equity play. Premium .com domains tend to appreciate over time, adding value to your organization if you decide to sell or expand services to maximize the best price for transfer. Register top keywords that identify with your services or product offerings or answer questions. Purchase a .org for your non-profit, or a .net for your network platform. Alternative TLDs such as .net and .org may each hold value to the domain name owner and may be attractive to the buyer as an cheaper alternative based on availability of domains. SEO and Search Engine Benefits Higher Click-Through Rates (CTR): A .com domain will ensure greater click-value in search engine results. Since users trust .com websites more, search engines like Google may favor them in search rankings, especially for advanced searches. Even if a domain extension doesn’t directly impact SEO, user buy behavior (like click-through rates) does, and .com domains tend to perform better in this area. Backlink Value: When other sites link to you, they may be more willing to link to a .com site due to its perceived authority and security. High-quality back links are essential for SEO performance, and .com domains tend to naturally attract more of those links according to search tools. International Appeal Global Acceptance: If your org operates globally or plans to expand internationally, a .com domain is universally recognized and accepted across borders and everyday life. Country-specific domains (like .co.uk or .de) can limit your reach or cause confusion in markets outside that specific country. They can also cause transfer issues. Consistency in Branding: As your organization grows, maintaining a consistent identity across different regions is essential. A .com domain helps establish a unified web presence, making it easier for customers worldwide to find and recognize your branding and url. Competitive Advantage Competitor Safeguard: Owning the .com version of your entity name prevents competitors from using it. Even if you currently use a different extension for your account, a competitor could purchase the .com and use it to divert traffic, confuse clients, or dilute your message or image and hurt security. Professionalism: Many well-established businesses, particularly in competitive industries, prefer .com domains. If a competitor has the .com version of a similar name, they may be seen as more professional or legitimate than a business name using a less common extension. Having a .com gives you an edge in appearing professional and trustworthy. Versatility to Ensure Growth Future-Proof: As your network grows, the .com extension is flexible enough to accommodate expansions into new products, services, or geographic markets. Unlike some niche TLDs, which may be associated with specific industries (like .tech or .store), a .com can grow with your entity and remain relevant in any market. Resale Value: Premium .com domains can become valuable assets if your organization is ever sold or merged. The high demand for .com domains, especially short, brandable ones, means they often increase in value over time and make them an easier sale for the seller in a reasonable range. Avoiding Confusion Preventing Traffic Loss: Customers may assume that a business’s website ends in .com, even if you use a different TLD like .net,.org, .co, or .biz. But of course, if you don’t own the .com version, users might end up on a different website, which can lead to confusion, loss of traffic, or even customers landing on a competitor’s site as an example. User Expectations: Since most websites prefer .com, users naturally expect that a professional, well-established site will have this domain extension. If you use a less common top level domains, a customer might view them as less credible and professional domain extensions. What other TLDs Are Good Options? Clients ask regularly if there are decent top level domain alternatives to the .com for transfer. There are many including, .org, .net,.co, .io, .ai, .xyz and .club domains that hold lots of power and authority. Top Extensions: These extensions are popular for use in the crypto and web 3 space.There are many organizations that capitalize on the generic value such as the banking industry with the .bank top level domain. With more than 2500 new GTLD domain extensions, you can now register and transfer anything from .legal to .top, to .car for your domain names. Here are a list of some top extensions and how they’re often used: .ai: artificial intelligence, machine learning support, reasonable renewal cost .net: internet infrastructure sites, more technical, fairly reasonable renewal cost .co: abbreviation for commerce, corporation and community .org: non-commercial org and non-profits .io: tech sites, business or commercial use support You definitely don’t need to use a website builder for every domain name. Make sure you forward any additional domain names you register to your primary site and add a secure server to protect your organization. The Dot-Com Domain Should Be Your First Choice When we talk about long term investing and ROI, we think about the stock market, commercial or residential real estate investing, gold bullion and Forex and certainly domain investing. Domain names hold value and add instant equity to the branding strategy and ownership in the purchase and sale of domains names. There are hundreds of thousands of prime opportunities to invest in the domain space and as the last 30 years have shown, the .com is the most credible TLD on the market, both domestically and abroad. This holds true if you are buying your domain for your business or to hold and transfer at a later date. Whether this is your first domain, or you own many domains, the .com creates easy accessibility for consumers and brands alike. Brand Protection: Companies work hard to protect their domain brands, account and marketing tactics. They invest millions of dollars and countless resources at building that beach front real estate and maintaining their Internet presence in the world. As experts in the domain space, we continue to recommend the .com as the superior domain with considerable upside and long term equity potential. Case Study: Tesla.com domain acquisition Here’s a case study of a .com domain acquisition transfer that highlights the importance and benefits of acquiring a premium .com domain for a business. The study involves Tesla’s acquisition of Tesla.com. Case Study: Tesla’s Acquisition of Tesla.com Background: For many years after its founding, Tesla (the electric vehicle manufacturer) operated under the registered domain TeslaMotors.com. Despite its growing success, the entity didn’t own the highly sought-after Tesla.com domain. TeslaMotors.com was functional, but having Tesla.com would better align with the company’s image as it expanded beyond cars to include energy products like solar panels and batteries. The domain Tesla.com was originally owned by a man named Stuart Grossman, who had registered it long before the organization existed. Grossman wasn’t actively using the domain, but he also wasn’t interested in selling it easily, making the acquisition a challenging and lengthy process. The Acquisition Process: Need for Rebranding: As Tesla grew and became a household name, the organization realized that TeslaMotors.com was limiting its branding. The “Motors” in the domain name suggested a narrow focus on cars, whereas Tesla’s long-term vision encompassed energy solutions, solar products, and batteries. The organization needed a simpler, cleaner domain—Tesla.com—that reflected its image as a leader in the broader tech and energy sectors. Complex Negotiation: Elon Musk, Tesla’s CEO, revealed that acquiring Tesla.com was a difficult process, taking over 10 years of negotiations. The domain owner, Grossman, was reluctant to sell the name for many years, leading Tesla to offer a significant amount to finally secure it. Musk later hinted that they had paid $11 million to acquire the domain, though exact figures weren’t officially disclosed. Hands-on Approach: Tesla’s approach to acquiring the domain involved: Patience: Tesla waited until the domain owner was ready to sell, all while continuing to build their company. Persistence: Tesla remained in contact with the owner over a long period, signaling ongoing interest and ensuring the owner knew they were serious buyers. Strategic Timing: Tesla finally closed the deal when they were ready to reposition their entity from just a car line to a broader energy and technology company. Outcome: In 2016, Tesla successfully acquired and completed the transfer of the Tesla.com domain and immediately rebranded their website and digital assets. This acquisition allowed Tesla to secure its concept and image across all its product lines and simplify its online presence and customer support tools.

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Domain investors in China should buy Western Premium domains

Domain investors in China Western Premiums .com global domain appeal For those of you that follow the domain investor market, specifically in China, you can see all types of newly minted investors looking for the next great domain name investment. Most Chinese investors are focused on the domain names that have relevance inside of mainland China. The most popular investments in China are the short acronym domain, or simple numeric domain names as they translate to meaning to the Chinese culture. Some examples include the following: 15.com (NN.com) 123.com (NNN.com) TR.com (LL.com) TYPL.com (LLLL.com) 6N.com (LN.com) N6.com (NL.com Western Premiums: Most Chinese investors will tell you they tend to shy away from the Western-type domain names as they don’t have meaning in mainland China. Names that contact vowels, and the letter “v”. Are they limiting their long-term growth potential? Some would say it’s a safer investment. We tend to disagree, and here’s why… As domain investments continue to increase in China, we are seeing the investor branching out into some of the new GTLD extensions as alternative investments including; .club, .top, .wang. They are acquiring these names for much lower costs than the typical .com investment. Is that a solid investment? We say NO… The Chinese investor is savvy, but they are limiting their investment opportunity. In most instances, domain investors in China are only focused on these types of names because they create liquidity and are very attractive to the Chinese on a quick-flip model. Additionally, the Chinese investor should look at the plethora of available .com domain name inventory on the aftermarket. Tons of fantastic domain inventory is readily available. Short, generic and easy to spell English words that are SOLID investments. The saturation of the Internet continues to precipitously grow year-over-year, currently, 52.2 percent of the Chinese population is online. Case in point, you can do the math and see the longer-term opportunity. Should you limit yourself as an investor? With the .com market  stronger than ever with fantastic acquisition opportunities and names that ultimately have that global appeal and market reach. Domain investors in China will start to acquire the short, generic .com domains as trillions of dollars are available for private Chinese investors.  George Kirikos had a fantastic post in twitter, referencing 12,000 startups  that are being created every day in China. The domain investor continues to evolve and grow. Investors should  look at the longer-term investment opportunity and acquire names that are globally acceptable and not limited to mainland China only.

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5 Things to Consider When Buying a Domain Name

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. Not all businesses who sell domains (known as domain registrars) will be 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. 1. Look out for hidden charges As with any purchase choice, cost can be a big element. It is easy to be tempted into purchasing 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 buying just what you need and want. Making you cover 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 provide to package your domain with a bunch of other services that you might never use. Charging transfer charges Make sure that the “Conditions of Service” doesn’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 fantastic idea to check into how easy the transfer process is before deciding upon a registrar. Protect your privacy 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. Tired of 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 really sell your information to third parties like marketing associations. Some registrars even mine that 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. 4. Focus on transparency Look for registrars that offer transparency in their own pricing and clinics. By way of instance, you should be able to readily find your renewal prices, and the processes for transferring or cancelling your domain name registration. Some registrars offer cheap registration to your initial purchase, but then charge you 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 that are trained for you to purchase add-on services that you may not need, while pretending to supply customer support. You want a registrar that offers courteous and professional support and help, not one that sees you as a cash register they keep trying to ring. Buying a domain name should be fun and exciting. 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.

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.

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