Make Money From Your Domain

If you have a web site, you should seriously consider registering your own domain name. A domain name is a name like "thesitewizard.com" or "thefreecountry.com", which you can use to refer to your website. Note that you do not have to be a company or organisation to register a domain name. Any individual can do it too.
Importance of a Domain Name

There are a number of good reasons for having a domain name:

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If you ever change your web host, your domain name goes with you. Your regular visitors or customers who knew your site name as www.thesitewizard.com (for example) would not have to be informed about a change of URL. They would simply type your domain name and they'd be brought to your new site.
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If you are a business, a domain name gives you credibility. Few people would be willing to do business with a company with a dubious URL like http://www.geocities.com/whatever/12345.
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If you get a domain name that describes your company's business or name, people can remember the name easily and can return to your site without having to consult their documents. In fact, if you get a good name that describes your product or service, you might even get people who were trying their luck by typing "www.yourproductname.com" in their browser.
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If you want good sponsors (advertisers) for your website, a domain name is usually helpful. It tends to give your website an aura of respectibility.

Registration Overview

Getting a domain name involves registering the name you want with an organisation called ICANN through a domain name registrar. For example, if you choose a name like "example.com", you will have to go to a registrar, pay a registration fee that costs around US$10 to US$35 for that name. That will give you the right to the name for a year, and you will have to renew it annually for (usually) the same amount per annum.

Some web hosts will register it and pay for the name for free (usually only the commercial web hosts), while others will do it for you but you'll have to foot the ICANN fees.

My personal preference is to register the name directly with a domain name registrar rather than through my web host. I've heard stories, in the past, of less-than-reputable web hosts that registered the domain under their own name, making them the owner of the domain rather than you (although I don't know if such web hosts still exist today). Registering with a domain name registrar allows me to make sure that I am registered as the owner, the administrative and technical contacts. Being the owner is vital — if someone else places himself as the owner (such as your web host), he can always decide to charge you some exhorbitant fee for the use of the name later, and there is little you can do. The various other contacts are less vital, but still play important roles. For example, the administrative contact's approval is required before a domain name is transferred out of a web host. If he/she cannot be contacted, the technical contact is used.

Although some web hosts suggest that you put them as the technical contact, you may prefer to keep yourself as one, so that when you want to transfer your name to a new web host, you don't have to wait for your old host to approve the transfer. Apparently a few have been known to take their own sweet time to do this, while unscrupulous ones have actually refused to do it.

Domain names disappear extremely fast. Many people claim that all the good domain names are gone. I doubt that — but it is probably true that most good domain names that are descriptive of products and services have been taken. If you want a domain name for your site, I suggest you act now, or face the anguish of having lost that name later. After all, US$10 (more or less) for a year's ownership of the name is pretty cheap when you realise that you're cornering a good name for your website.
Step By Step Instructions

If you want to register a domain name, here's what you need to do. Please read it all before acting.

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Think of a few good domain names that you'd like to use. It won't do to think of only one — it might already be taken (it probably is!). You can find some tips on choosing a good domain name from my article, Tips on Choosing a Domain Name, at http://www.thesitewizard.com/archive/domainname.shtml

There's more to it than meets the eye.
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You will need either a credit card or a PayPal account to pay for the domain. This is a requirement of most if not all registrars. It will allow you to claim and get the domain name immediately on application. This is not an option (unfortunately).
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If you already have a web host, obtain from your web host the names of their primary and secondary nameservers. Don't worry if you don't understand what these things mean. Just save the information somewhere. The information can usually be obtained from their FAQs or other documentation on their site, usually under a category like "domain name" or "DNS" or "domain name transfer" and the like. If you can't find it, email them. You'll need the information to point your domain name to your website after you buy your domain. Don't worry if you don't have a web host yet. Just read on.
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If you do not have a web host, you can always allow the registrar to you to park your domain nameat a temporary website specially set up for you. This way you can quickly secure your domain name before it's too late and still take your time to set up the other aspects of your site. As far as I can tell, many registrars automatically park your domain by default whether you ask them to or not, so if this is your situation, you probably don't have to do anything special to get it done. Some of those registrars also provide you with a free email address at your own domain name while it is parked at their site, like sales@example.com (where "example.com" is your domain).

List of Domain Name Registrars

There are numerous domain name registrars. Listed below are just a few, along with my comments, if I know anything about them. Note that the domain name industry is highly competitive, with prices wildly fluctuating throughout the year, every year, so it's impossible to really mention accurate prices below unless I spend all my time updating this page. Please check their sites for the latest rates. (Note: all prices are in US dollars.)

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World's Largest Registrar - GoDaddy.com — This extremely popular registrar (possibly the biggest today) offers .com domain names for $9.99 (plus 20 cents) per year ($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 URL 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. They offer .com, .us, .biz, .info, .net, .org, .ws, .name, .tv, .co.uk, .me.uk and .org.uk. Note that (as with all registrars) the exact price varies depending on which domain you are registering (for example some domain extensions are more expensive than others). Both credit card and PayPal payments are accepted.
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Dotster.com — This fairly popular registrar provides fairly cheap domain prices ($15.75 plus 20 cents per domain), a convenient web interface to manage your domains, an optional privacy facility where your domain name is registered in the name of a proxy company, etc. They offer .com, .net, .org, .biz, .info, .us, .ca, .tv, .name, .cc, .de, .sr, .md, .co.uk, .us.com domains, etc. If you're transferring a domain here from other registrars, the price is even cheaper ($6.99 plus 20 cents). Both credit card and PayPal payments are accepted here.
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Register.com — This domain name registrar has been in business for a very long time: they were one of the biggest around when I started my first websites. They are currently running an offer (only via the above link) where they charge $9.99 per year for a domain name with a free business email account. Although the offer will expire eventually, you can apparently continue to use the $9.99 price for the life of the domain as long as you stay with them. Domains qualifying for this offer include .com, .net, .org, .biz, .us and .info. Country-specific domains have different prices. Note: the special offer link is rather flaky. If you don't get the $9.99 offer the first time you click it, but instead get their normal $35 price, return to this page again (for example, by clicking the Back button on your browser), and click the link again. The $9.99 offer should appear the second time you click it (or at least it did for me). [I've no idea why it works that way; I don't run their site.]
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Moniker— This domain name registrar allows domain name registrations for a plethora of top level domains (TLD), including .com, .org, .net, .info, .mobi, .biz, .us, .co.uk, and so on (the full list is too long to include here). Prices for domain names differ, depending on the extension. Their normal prices are about $10.49 for .com, $6.04 for .net, $10.95 for .org, $5.49 for .info, etc, although at the time I write this entry, it seems like they are having a sale, with $7.59 for .com, $5.59 for .net, $7.97 for .org, and so on. Their web interface allows you to manage matters pertaining to your domain, such as DNS, web forwarding (where you forward visitors to your domain to another URL of your choice), etc. You also have the option to add "Whois privacy", where your domain is registered in the name of a proxy company. Both credit card and PayPal payments are accepted by this registrar, although PayPal payments have a surcharge.
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1&1 Internet — This is primarily a large web host that is also a domain name registrar. You are charged $6.99 for .com, .org, .net, .us domains. They also offer .info domains for $0.99 (first year only) and .biz at $8.99. The fee includes private domain registration, which means that your particulars are hidden from public view (done by registering the domain in the name of a proxy company). You also get a free email account, DNS management, domain forwarding and masking, and a starter website with each domain. Both credit card and PayPal payments are accepted by this registrar.

In addition, as mentioned earlier, a number of commercial web hosts will give you a free domain name if you are Hosting with them, as will many (if not all) of the registrars above.
After You Register Your Domain Name

If you're not sure what to do after you register your domain name, please read the The Beginner's A-Z Guide to Starting/Creating Your Own Website.