Domain names are often simply referred to as domains and domain name registrants are frequently referred to as domain owners, although domain name registration with a registrar does not confer any legal ownership of the domain name, only an exclusive right of use for a particular duration of time. The use of domain names in commerce may subject them to trademark law.

Custom domain name and transfer features: The transfer of a website name is possible, but so is an original name created by a company. The complete process begins with the registrar, and then you’re qualified with a transfer change. The names use FQDN and DNS models to effect your transfer. The year you transfer with a vendor, your domain name and personal data are also collected. Finally, getting your URL lets you customize a website.
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GoDaddy — This extremely popular registrar (probably the biggest today) offers .com domain names for $9.99 (plus 20 cents) per year (or $6.99 plus 20 cents if you transfer from another registrar). They have a web interface to manage your domains, free web redirection (where people who visit your domain will get transferred to another web address of your choice), free starter web page, free parked page or free "for sale" page, and an optional private domain registration where your domain is registered in the name of a proxy company. Besides .com, they also sell .us, .biz, .info, .net, .org, .ws, .name, .tv, .co.uk, .me.uk and .org.uk, etc. Note that (as with all registrars) the exact price varies depending on which domain you are registering (for example some domain suffixes are more expensive than others). Both credit card and PayPal payments are accepted.
The way that competition is supposed to work between registries, is that lots of companies go to ICANN and say “We think we can reliably manage .com, and we think it would cost us [$5] per domain.” ICANN reviews these bids and awards the .com contract, which lasts for a fixed period of time, to whomever they deem best-suited to the job. In this time, other companies can think of ways to manage .com better/cheaper, and try and win the next contract. This, in theory, would provide an incentive for registries to innovate, a big part of which would be in lowering costs.

A domain name is an identification string that defines a realm of administrative autonomy, authority or control within the Internet. Domain names are formed by the rules and procedures of the Domain Name System (DNS). Any name registered in the DNS is a domain name. Domain names are used in various networking contexts and for application-specific naming and addressing purposes. In general, a domain name represents an Internet Protocol (IP) resource, such as a personal computer used to access the Internet, a server computer hosting a web site, or the web site itself or any other service communicated via the Internet. In 2017, 330.6 million domain names had been registered.[1]
Under no circumstances should you pay more to transfer a name than to get a new one. Check what the transfer will require. Does the new service handle the task completely? Or do you have to go into your current registrar's site and change the technical details manually? Finally, check the transfer policy of the registrar before registering your domain name.
Before you sign up for Web hosting and start building a website, you need to buy the domain name where visitors will find your site. Hundreds of different registrars sell domains, so first and foremost, know that domain names work the same no matter which registrar you use. You don't need to buy your domain from the same company that will host your site. Aside from picking a registrar -- and, of course, your site's name -- you also need to pick a top-level domain like .com or .org.
A great domain name is a concise, easy to type, and memorable URL that reflects your brand or your website’s subject matter. Avoid using hyphens, strings of numbers, or unnecessary words to make it easy for your visitors to remember and find your website. Remember: A great domain name is one that your visitors can type correctly on their first try.
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