A good domain name is a key element of any company's marketing. However, there are a lot of horror stories about registrants who forget to renew their domain name and lose it. You might be wondering how to buy a domain name forever to avoid this problem or, at least, to save money in the long run. While it's not possible to buy a domain permanently, there are leases for indefinite periods.
The reason for this lies in how domain registration works. Technically, it's not possible to buy a domain name permanently, but it can be leased and then renewed after the predetermined period. While you can negotiate the purchase of a domain name with a one-time payment at the domain registry, this doesn't count as a lifetime purchase. The lifespan of a domain depends largely on the existence of the domain registry.
So, as long as the company exists, your domain name is secure. While you can't be a permanent owner of a domain name, you can take comfort in the fact that no one actually owns a domain name anyway. If you're wondering how to buy a domain name permanently, here's an overview that covers all aspects related to the domain and explains the ways to keep it for an extended period. Read on to learn why domain names were designed to work this way and how you can ensure that you'll remain the legal registrant of your domain name for as long as possible.
You might want to consider becoming a domain registrar so that the domain stays yours for as long as you want. While companies large and small have been trying for decades to become permanent owners of their domain names, ICANN, the Corporation for Assigned Names and Numbers on the Internet, has made it impossible for anyone to own a domain name for life. Domain theft occurs, and to protect your domain name, it's crucial to choose a reliable registrar and set up a secure password with additional authentication. In addition to the cost of the domain name itself, other costs may include the fees for hosting or for setting up or transferring a domain name from one host to another.
Registrars act as intermediaries between people looking to buy domain names, the registrants and the registries that manage the domains. Domain registrations have to take into account higher operating costs due to the increasing number of domains that they must keep under their service. However, some wealthy companies create their own top-level domains (TLDs) to protect their preferred domain names and extensions in the long term. As mentioned above, you can't transfer domains if you transferred them in the last 60 days or if your domain name is less than 60 days old.
Web hosting providers can include a free domain name with a hosting service contract or charge less than a dollar on a promotional hosting offer, while standard hosting rates and domain name registrars can be significantly higher. Therefore, when you obtain a domain name, you are leasing it to ICANN, through a domain registry, which acts as an intermediary. Your domain company will charge your pre-funded account and ensure that the domain stays in your name before it expires and someone else keeps it. Domain registrations can't prevent you from transferring your domain name to another registry, unless you have unpaid balances or penalties that you must settle.