Typically You can acquire a domain from domain name registrars either by buying a new domain or by acquiring an existing domain. Sometimes it is suggested to acquire an existing domain in case you are starting a new blog or an internet business. This existing domain can bring you some traffic from day one and in some cases can save the time typically up to 6 months to years, which is a typical duration for a new domain to acquire certain domain authority and SERP rankings.
Famous domain name registrars:
NameCheap, BlueHost, HostGator, GoDaddy, Hover, Gandhi, DreamHost, Name.com, 1and1, Network Solutions.
Many of these companies provide you a new domain for free or at a very discounted price with their annual hosting plans when you are also hosting the domain with them.
It is better to purchase a domain name and hosting separately so that you get the best of both the deals unless you are an absolute beginner and constrained with technical know-how about DNS Settings.
How to buy a domain?
Buying a new Domain
In case you are looking to acquire a specific domain and that domain is not already registered, you can buy this domain from any of the registrars.
Buying an Expired Domain
Sometimes it is better to buy an expired domain for multiple reasons. An existing domain with certain domain authority may help you to kick start your blog or online business and help you to take it off the hook faster. You can search for expired domains from sites like expireddomains.net. You can buy these expired domains from the original registrar through a bidding process.
Buying a Domain through Buy Now
Buying and selling websites is a business and many people buy domains and park them for resale. In case the domain name you are looking for is not available, not everything is lost. You can check whether the domain is available under the ‘Buy Now’ option. The Domain name registrar where you are searching for the domain will show you that the domain is available for Buy Now Option along with the price tag. Usually, these domains are expensive and can run into thousands of dollars.
Buying a domain through Domain Auctions
Similar to Buy Now domains, people sell domains using an action, where you get a chance to bid for the domain. These auctions happen through domain registrars as well as specialized domain auctioning sites like Flippa, Sedo, etc. As in the case of ‘Buy Now’ domains, these domains can cost anywhere from $10 to thousands of dollars. But make a proper purchase you should know how to make the right purchase.