The market-driven principles of the domain trade mean that a domain is only worth as much as the buyer is willing to pay. It is for this reason that criteria such as market potential and usability play such central roles in determining prices. Values can change at the drop of a hat. The price of a domain that was once of little interest to anyone in years past can skyrocket once, for example, a newly founded company takes interest in that same name.
Finding the right domain name is the first step in building a website that people return to time and time again. Buying a good domain will inevitably boost your online presence, and therefore boost your success as a business or blog. Although it may seem like an investment of time as well as finances to build up a good domain, it's worth the effort. Content management systems (CMS) such as WordPress offer a good platform to build up a blog – 1&1 offers a WordPress CMS package, which includes a free domain for the first few months to get you started.
Namecheap — This company provides .com domains for $10.69 (plus 18 cents) per year ($9.69 if you transfer from other registrars). Along with your domain, you get free email forwarding, free web redirection (where anyone going to your domain is automatically directed to another address of your choice), free domain name parking, etc. For the first year (or at least, at the time I checked their prices), you can also have their WhoisGuard (where your particulars are masked from public view) for free. They have a wide variety of domain name extensions available, including .net, .org, .biz, .info, .us, .co.uk, .co, .de, etc. You can use either a credit card or PayPal for your purchases.
Premium domains (also known as aftermarket or pre-registered domains) are short domains, often just one word or even just 3-5 letters. Most of them have a .com extension but many premium domains end with .org, .net, and .biz. These domains include common words and are generally the most memorable. Because companies value short domains that match their company name or products, these domains are typically the most desirable. Additionally, certain domains sold by different registries are considered premium and therefore have a higher price point. In some cases, the renewal costs of these higher-priced domains are also quite expensive. Some high-priced premium domains, though, renew at a regular (lower cost) rate, giving you a better value in the long term. Make sure to research the overall cost of the domain plus renewal to find the right domain for your budget. You can browse Namecheap's premium domains in our Marketplace.