Today, with easy drag-and-drop website creation services like Wix and Squarespace, anybody can create a website. So, if you have a great idea for a business or service that you want to set up online, there has never been a better time to do it.
If you want to stand out from the crowd, though, stepping away from this beaten path is recommended. After all, in business you acquire your edge over the competition by doing what they are unwilling to. If shouldering the extra financial burden of having a website custom-built (or even learning to code and building one yourself) isn’t an idea that makes you balk, then you’re probably also interested in having a domain name that makes you stand out.
To learn more about domains, read our dedicated posts on how domain names work and what domain names are.
So how do you go about acquiring a domain name?
Domain names can be bought through a registrar. In the hierarchy of domain names, the head governing body, ICANN, sits at the top with a number of registries/registry operators below and the registrars (who have day-to-day dealings with end-customers) like Yay.com sit below them.
Each registry is responsible for keeping a database of all domain names registered associated with its ‘Top Level Domain’, or TLD, which is the ‘.com’ or ‘.uk’ portion of the URL.
To buy a domain name, you’ll need to visit the website of a registrar of your choosing and register the domain name you’re looking for. The price of the domain name you choose is largely dependent on the price of the TLD. TLDs have prices that rarely change, though they may fluctuate marginally due to changes in foreign exchange rates or through a rare adjustment the registry has seen fit to make. Some registrars have a list of domains that they consider ‘premium’ which, for reasons of their own, they have decided it is fair to charge higher prices for.
When a registrar registers a domain name with a TLD registry operator on behalf of a customer, the registrar will communicate its name servers to them. So, if someone purchases www.example.com from us at Yay.com (a registrar), we would provide the .com TLD’s registry operator (Verisign) with our name servers or, if the customer specifies that they would prefer to use different name servers, we will provide the name servers specified by the customer. Any request to the .com TLD name servers will then have a record of the authoritative name servers we have supplied, which will then pull our data to fulfil any search request for www.example.com’s IP address.
If you’d like a domain that is currently unavailable, you can open a domain backorder. Backordering domains essentially means asking your registrar to do their best to register that domain name for you the second it becomes available. This is by no means guaranteed, as any domain name worth its salt will attract competition and, therefore, customers from other registrars with backorders of their own.
Ownership of domain names happens on a lease-basis, so you’ll own a domain name for a set term and, at the end of this term, your ownership of the domain will expire if you do not choose to renew. At this point, the expired domain becomes available to purchase.
With Yay.com, backordering domains is a free service. You can open and cancel backorders free of charge. Usually, registrars who operate a domain backordering service will have in place an automatic domain monitoring system that automatically attempts to register those domains with backorders the second they become available. They should also communicate with you to keep you updated of the process, including days until the domain should expire, the success or failure of their attempt to register the domain for you and so on.
It is also possible to transfer domain names registered with one registrar over to another, for example, if you prefer the domain management platform of one provider over another, you may wish to transfer your domains across in order to take advantage of this better platform.
Once you’ve purchased your domain name, you’re free to transfer it to another registrar, host the name servers with another provider, to hold it without doing anything with it or to begin hosting a website on it.
Now that you know how to buy a domain name you can experience the process first hand by performing a domain name registration with Yay.com.