It’s a wise idea for modern businesses to avail of the benefits that websites have to offer. Without a website, you are risking the potential success of your business. Because of this, you want to make sure that you have a website to reach current customers and attract new ones.
One of the first things you should do is get a website domain name. Here’s what you need to know about website domain names and how much you can expect to pay for one.
What Is a Website Domain Name?
Basically, a website domain name is the web address you enter in a browser’s address bar in order to reach a website. No other website can have your domain name, which makes it exclusive to your site and ideally, unique to your brand or service. Your domain name and website are connected to each other. However, you can detach your domain name from your website and link it to another website.
Average Cost of a Website Domain Name Worldwide
You can choose to get a free website from various website builders. These service providers offer sub-domains that you can use to create your own site. This kind of service is beneficial for short-term use.
However, paid domain names are better for long-term use and branding purposes. The cost for a website domain name is $10 or more per year in the United States, but it generally doesn’t surpass around $30/year for a simple yet decent choice. It will cost £4.99 to £9.99 in the United Kingdom (Expert Market), €5.95 to €29.95 in Ireland (Irish Domains), as low as $10.99 in Canada (CanSpace), $11.95 to $108.35 in Australia (Net Registry), $39 to $59 in New Zealand (Freeparking), and Rs. 125 to Rs. 3,079 in India (Mitsu).
Website Domain Name Cost Breakdown
Professional service providers have package offers that often include a domain name, website design and development, web hosting, and even content. You can also choose to avail website management services. These packages will cost higher than the price of the domain name only. Prices range from $1190 to $2,640 (US) and £610 to £1,660 (UK.)
Factors Affecting the Cost of a Website Domain Name
There are several factors that affect the cost of a website domain name. Aside from getting packages, you will pay more depending on the number of years, suffix, location, and type of website you aim to launch. If you choose to get an existing domain, its age and the registrar can also affect the price.
Additional Costs Associated with a Website Domain Name
Keep in mind that you will need to pay for your domain name every year. A renewal fee also applies every year after the period you paid for. You should also remember that getting a package deal will cost more, but it encompasses more services that are essential to your business.
You need digital marketing to boost your sales, and a website domain name can help you achieve this goal. For as low as $10 to $15 per year, you can reap the benefits that a website can offer. To fully utilize the potential of your website, make it a point to avail of packages covering marketing, content creation, management, and hosting.