Do you want to build your own website but you don’t know how to purchase a domain name? A domain name refers to the characters you type in the address bar of your web browser which is responsible in directing you to the website you wish to visit. Here are some of the most practical tips to guide you through the buying process:

Search for available domain names – The first thing you may want to do, and the least expensive option, is to search for unregisted domain names. If pair a unique brand name with your target keywords, you are more likely to find a domain that hasn’t already been registered.

Start on choosing the right domain name – Get off on the right foot by avoiding bad domains is an important starting point. In choosing for the right domain name, you should always remember to consider the SME rule which is an acronym for short, memorable and easy to spell. It is important that you choose a domain name that has these three things to ensure that you made the right decision.

Cost-related Issues – After searching and choosing for the right domain, it is time for you to decide on how much you will spend for a certain domain name. These are the things you need to remember:

• Number of letters – If you are eyeing for a 3 or 4-letter word domain name, then expect the price tag to be higher. These kinds of domain names are usually being sold for around 5,000 to 500, 000 US dollars. If you don’t have enough money for your ideal domain, keep a vigilant eye on expiring domains, which are usually worth more than the asking price.

• Number of words – In terms of number of words in domain names, one-word domain gets the highest value. Each word you add on it makes it cheaper. But, cheap is a relative term. If your business is just starting out, a premium domain may not be feasible.

• Easiness of spelling – Long gone are the days when misspelled domain names are a good idea. But, another consideration is whether a domain is likely to be mistyped. Try to avoid putting double vowels together, which can be a common cause of a visitor mistyping your url into the address bar.

Aside from these factors, the domain name extension and a lot more things can affect the domain price. The most important thing to remember is the easier the domain gets and lingers in peoples’ mind the higher the value it can get.

When in doubt, it’s a good idea to get the advice of an experienced domain broker. In the event you cannot find the right domain for your business because it has already been taken or one you are interested in does not have a price tag, a broker can negotiate for you.

www.BuyDomains.com is one of the largest resources for finding available and premium domain names, offering thousands of domains in every niche and price range. To purchase a domain name or register a new one, use the advanced search option for great business domain name ideas.