How much does domain name cost? - Tips
The cost of a domain name varies based on the domain extension such as .com, .org, .net, domain registrar, availability, and few other factors.
Apart from new domain names, you can also buy premium domain names from someone who has registered it before you. Domain name investors often register premium domain names that are shorter, brand able, and easy to remember for the sole purpose of reselling.
In this article, we’ll explain how much does a domain name really costs.
How much does domain name cost?
Buying a new domain name would typically cost you anywhere between RM 80 to RM 200 per year. However, these prices may differ based on the domain extension or the domain registrar you choose.
Hidden Costs of a Domain Name
Aside from the domain registration cost, there are few hidden domain costs and upsells that you should be aware of, so you can make the most educated decision.
Domain name registration is done on a yearly basis. You can maintain control over your domain name as long as you continue to renew your registration each year.
Some domain registrars offer domain name discounts on first year purchase, but their renewal costs are much higher. If you see a promotion where you can pay RM 10 for a domain name, then please know that it’s usually for first year only. Your annual renewals will be at a much higher price.
WHOIS and Domain Privacy
ICANN is the not-for-profit public-benefit corporation that is responsible for coordinating the assignment and maintenance of domain names. They require each domain registrar to collect contact information for the website owner.
This information can be publicly accessed using WHOIS data. Other businesses and companies can use this information to contact you about a potential business partnership.
Having the WHOIS data publicly available can result in unwanted emails and phone calls. This is why many domain registrars sell an add-on called Domain Privacy.
This addon typically costs an additional RM 40 to RM 60, and it’s completely optional. The problem is that often registrars automatically add it to the cart, and you have to manually remove it if you don’t want to pay for it.
Pro Tip: Secure Domain Discounts for Multiple Years
Some registrars like Domain.com allows you to purchase for multiple years. This is a great way to get the introductory discount offer for multiple years.
Since you have to pay for domain renewals every year, by purchasing it for multiple years can be a significant saving. Not to mention, it saves you from future price increases.
But these hidden fees and domain cost explanation is primarily for new domains that are available to register.
How Much Does a Premium Domain Name Cost?
Premium domain names are domain names that have been registered by other, it's often shorter, brand able, and easy to remember. Often domain investors register these premium domain names to sell later at a higher price for profit.
Cost of premium domain names can range anywhere from a few hundred to thousands of dollars. It all depends on the uniqueness of the name, domain length, and its overall brand potential.
Some premium domains may even cost hundreds of thousands to millions of dollars. Here are some of the most expensive domains sold in history:
- CarInsurance.com — $49.7 million
- Insurance.com — $35.6 million
- Fund.com — £9.99 million
- Shoes.com — $9 million
- iCloud.com — $6 million
- Slots.com — $5.5 million
You can find premium domain names listed for sale by private sellers on various websites.
We recommend buying domain names from reputable websites to ensure a safe transfer of the domain name. If you are unsure how we are here to help.Contact Us
How to Estimate The Value of a Premium Domain Name?
Many beginners ask us about how to find the right offer to make for a premium domain or a pre-registered domain name?
Domain names that are already taken are often sold at a higher price. However, most of the time the asking price is outrageously high which discourages many inexperienced domain buyers from making an offer.
We recommend users to do some research and make a reasonable counter offer. Remember, the domain investor only makes money when they sell the domain.
Like most trades, the value of a premium domain largely depends on the maximum you’re willing to pay and the lowest the seller is willing to accept.
We recommend caution when buying a registered domain name. If you are unsure about the domain’s potential worth to your business, then simply walk away.
How Much Does an Expired Domain Names Cost?
Each day thousands of domain names expire. These are the domain names where the owner decided not to renew their registration, or they simply forgot about these domain names.
Expired domains provide an excellent opportunity to find great brand able domain name. The following are a few places where you can look for recently expired domain names.
ExpiredDomains is a search engine dedicated to expired domain names. It may not look as easy to use as other domain search tools but it has a large and constantly updated index of domain names.
Note: You need to check for domain abuse and other problems before buying a used, pre-registered, or expired domain names (more on this later).
Cost of Expired Domain Names
Normally, you can register an expired domain name at the usual yearly rates of your domain registrar company.
However if a domain name is soon to be expired, then you can use a domain backorder service. This allows you to place an advance order for the domain name.
If there is no other advance order for that domain name, then your order will become successful. Most domain name companies charge a small one-time fee (RM 150 – RM 600) to provide this service.
How to Buy a Domain Name Not Listed for Sale?
We have talked about the cost of domain names that are available for registration or sold by third-parties. What if you want to purchase a domain name that is already taken but not listed for sale?
There is a good chance that you can still get your hands on that particular domain name.
You see, many users register domain names to start a new online business idea. A lot of them end up never using that domain name or abandon the idea.
Since they’re not using the domain name, you can directly contact the domain owner to make an offer.
If the domain name has a website, then you can use the contact form on their website to reach out.
Alternatively, you can use the Whois search to find contact information of the domain owner and send them a message to show your interest. Not sure how? Contact us, we can help you on this.
Sometimes people register domain names for future ideas, so even if they’re not using it, they still wouldn’t want to sell it. Some folks get greedy and will ask for a premium to part ways with their domain.
Pro tip: If you have a business idea, then it’s better to register a domain name even if you’re not 100% sure. You don’t want to risk someone else registering it before you get around to it. We think of it as an insurance policy because a domain costs are low.