A domain name gives you an entry point into the online world. You cannot create and maintain a website without a domain name. It gives an identity to your brand that you are building a website for, and your website will be known by that domain name for years to come. For example, you can find our domain name in the address bar of this website.
Our website is known by this name to both people like you and search engines like Google. So a domain name becomes the identity of a website, just like our names give us our identity. It is therefore important that you choose your domain name carefully as you cannot change it later.
Save money on domain names
With the growth of the Internet and its global reach, millions of websites have sprung up online over the past decade. This has led to the entry of dozens of domain name providers into the domain market. An increase in competition among domain name providers has benefited people like us who want to get the best domain name deal for their websites.
With a little effort, you can save a lot of money, especially if you want to add multiple domains to your online portfolio over the long term. It might look like a few dollars in savings to a person who owns only a single website, but don't forget the age-old phrase, "A penny saved is a penny earned". Even small savings on buying and renewing a single domain will add up in the long run.
How can you save money on buying a domain name?
Since buying a domain name is your first step in building your new website, it is of the utmost importance to take that step in the right direction. You can buy a domain name for just a few dollars or spend millions of dollars, depending on the value of it.
However, for most of our domain name requirements, you can find a suitable name at a reasonable price, which is under $ 50. You may be offered the same domain name for $ 10 from one domain name provider and $ 20 from another. Because of this, I'm here to discuss different ways you can save money when buying a domain name for your website:
Verifying the credibility of the domain name provider
Before signing up with a domain name provider, it is recommended that you check credibility against reviews from existing customers. As the domain name business has grown, many new companies have sprung up regularly and offer great deals to attract new customers. Many of them can't stay in business long and some of them are even scams.
The first rule to save money when buying a domain name is to avoid falling into the trap of such scammers or inexperienced newbies. Carefully check the credibility of domain name providers before buying domain names from them.
Grab a free domain
Due to increasing competition in the domain and hosting business, many top level domain name providers are offering a free domain with their web hosting plans. If you want to get a domain name without pulling anything out of your pocket, consider purchasing a hosting plan for your website that has a free domain name along with it. This is the best savings you can get on domain name registration as you don't have to pay a penny.
Check out the hidden fees
It is always worthwhile to carefully check whether the domain provider you have chosen charges costs that are not specifically mentioned, i. H. The costs that are hidden. Such costs can be problematic in the future as they are billed without notice. To find out the cost of hidden domain names, you can ask the domain provider's customer support team about additional costs beyond what is listed on the provider's website.
Another way to find out about such hidden costs is to read the experiences of existing customers on various discussion forums and on third-party websites. You also get an idea of how satisfied the inner circle is with the service satisfaction. Hence, if you avoid all the hidden fees, you will save on buying a domain name for your website.
Find and use coupon codes
You must have come across websites that offer coupon codes for various purposes. Few such websites also offer coupon codes with exclusive offers for domain purchases. It is extremely easy to find such domain coupon websites by doing a quick Google search like this:
Just replace "Namecheap" with the name of the domain provider you want a coupon code for and "April 2021" with the current month and year. In the search results, you will see several websites with numerous coupon codes. I would recommend that you try the ones that have been used by other users recently. For example, the one shown below was last used two days ago:
Sometimes you can find expired coupons on such websites that provide coupons. You will get to know it by applying the code on the domain name provider's checkout page. This is why I mentioned the technique described above for using the recently tested coupon codes as it reduces the time it takes to try out different codes.
In my opinion, it is worth finding such special discount coupons because you can get big savings with such codes.
Recommended reading: Namecheap Review
Booking a domain for a long term
When you buy a domain name, you will find that many domain name providers offer better discounts on long-term domain bookings. If you plan to stay in the online world for an extended period of time, it is best to book your website domain for a longer term for huge savings. In addition to the financial savings, long-term domain booking saves you the stress of bills for domain renewals for a very long time.
Wait for special occasions
Many domain providers offer great discounts to attract new customers on special occasions like Black Friday, Cyber Monday, Christmas, and more. If you are already planning to develop a website, signing a discount agreement on such occasions can save you a lot of money.
Even if you haven't started creating a concrete plan for your website but are determined to own and maintain one soon, I would highly recommend that you think about a suitable name for your website and buy the domain when the highest discount offered is a special occasion. Once the offer ends, you will see a huge difference in the domain price.
Now that you know many ways to save money on buying a new domain name, let's go ahead and talk about the savings that can be made during the domain renewal process.
How can you save money on domain name renewal?
You need to be aware of the fact that investing in a domain name is not a one-time task. You have to pay for your domain regularly to keep ownership of you. Domain name renewal can help you here.
With regular renewals, you can keep ownership of your website domain for decades. However, these renewals are more expensive than the initial domain name cost. It is therefore becoming increasingly important to find ways to save money when renewing a domain name. Let's discuss some of these money-saving options in detail here:
Migrate your domain name
The domain business is all about attracting new customers that will make you unable to find a domain name registrar with a lot on domain renewal. However, if you examine the positive side of this feature of the domain business, you will find that if you are already a customer of their competitor, almost all domain vendors will greet you with open arms. That brings us to the best way to make savings on your domain name renewal – domain transfer.
Find a top-level domain provider company that is offering a bargain for migrating your domain to that domain well in advance of your domain renewal date. The entire transfer process can take between a few hours and a few days, depending on the new domain provider and the number of domains to be transferred.
To make the domain migration process completely hassle-free, I recommend that you look for a domain provider who can handle the entire domain transfer process on your behalf.
Check the renewal fees when registering your domain
When registering a domain for your website, always check the renewal prices offered by your domain provider. This is the first step in planning your finances for the long term when creating and maintaining a website.
For example, you will find that GoDaddy often offers a free domain with their hosting plans or low fees for buying a domain name. However, after the first year of initial purchase, the domain renewal fees are much higher than expected.
On the other hand, Namecheap has no domain renewal fees and, unlike its competitors, even offers free domain data protection. Booking your domain with such a domain name provider can save you a lot in the long run.
Extension for several years in advance
Just like registering a domain for an extended tenure will save you money, extending it for several years at a time will save you money. Every domain name provider wants you as a customer for a long period of time because a business needs customers to survive. Because of this, almost all of them offer huge discounts when you renew a domain for a long period of time.
So, if you are pretty sure that your website will grow and maintain for the years to come, consider booking your domain renewal several years in advance. It will also eliminate your worries of annual domain renewal bills for a very long time.
Ask explicitly for a discount
If you're happy with your domain name provider and don't want to transfer it to a competitor, you can contact your domain provider's customer support team right before your domain renewal. While your domain provider may not publicly state that they are offering a discount on domain renewals, you may receive an exclusive discount if you talk to the customer support team about a better deal you are currently using with another domain Providers have seen.
Specifically request a discount from Sales Support to indicate the availability of a better deal with a competitor. If you mention your intention to migrate for the sole reason to save some money, your provider will try to keep you as a customer by giving you a good deal. This way, you can potentially save more than you would have saved by transferring your domain to another domain provider.
This can save you money on domain purchases and renewals. Using any of the above options or a combination of a few can save you a lot of money in the long run.
My recommendation is based on the highest savings achieved
While I've gathered all of the above tips and tricks for you, I've visited almost all domain name providers and read many discussion threads on several forums to learn the insider's point of view and experiences. From what I've observed, Namecheap offers the best discounts on both domain registration and domain renewal. The domain provider even has its own section on their website that offers special coupon codes for big savings every month. It looks like this:
New coupons are added every month to save money on registration, renewals, and many other services offered by the company. You can buy a domain name from Namecheap and search for the best hosting deal from either Namecheap or another hosting provider depending on your needs. In my opinion, this results in the best savings on buying and renewing your domains.
Buying and maintaining a domain is an important aspect of your online existence. Depending on your choices, it could cost you just pennies or a large fortune in the long run. Using the above techniques when purchasing and renewing your website domain name will greatly help you make huge savings over the life of your domain.
With the above information, I sincerely hope that you can make savings in either domain registration or renewal, or both. Do you know of other ways to save money when buying or renewing a domain? Or have you tried any of the above to save money on your domain? Let me know in the comments section below.