There are two types of domain names – standard and premium.
Standard domain names on average can cost nothing, if it is included with your hosting plan, or they cost around $8-15 per year and is for a .com, .net, or .org domain.
Premium domain names will frequently cost over $1,000. If you want a domain name with popular keywords, these can cost hundreds or even thousands of dollars to buy.
What makes a domain name worth more? It’s all in the keywords. If a domain name is short and uses a highly searched keyword, it is usually already taken. Many people make a living buying the domain names for the standard price and reselling them – it’s a highly competitive business.
There are also a lot of other options like .co, .me, .info, and more which can vary in price. For SEO and helping your visitors find your site, often it is best to stick with one of the standard .com, .net, or .org domain names unless it is a big part of your branding.
When choosing a domain name, you should:
- Keep it short
- Make it memorable
- Buy similar domains in case of typos
- Use keywords related to your business
- Buy a domain name from a seller with privacy included
- Recommended domain extensions
- .com – business, commercial, or general sites
- .net – good for any website
- .org – organizations and nonprofits
- .edu – educational institutions
You can get cheap domain names from NameCheap
NameCheap has some of the lowest prices for domain names and they include free privacy so you won’t get a lot of spam or calls when you register a domain name.