Many domain name platforms offers a new domain for a price as low as $1 for the first year. However, on the next year, the normal price comes along and you have to renew the domain or risk abandoning and losing it. Having a domain with an expensive renewal fee can cut into your profit. Moreover, in the case of switching to a new domain, it can hurt your SEO. So, it is wise that you choose the domain that you want after much consideration.
It should be known that different domain comes with a vastly different renewal pricing. So, if the you see a domain name that is to your liking, you may also want to know and understand the pricing aspect and take it into consideration. For a small site or hobby site with low traffic or low capacity to generate huge profit, you may want to stay away from domain with hefty renewal price and choose those affordable one.
Additionally, domain with funky and cool name such as .fun or .club etc. may seems cool and fine, but may not be so welcoming and easy remembered for some non-tech savvy or new internet users, so you need to take in account of the audiences and users too.
Cloudflare launched its own domain registration service, Cloudflare Registrar, in 2018, offering a lower flat price than the others usual domain selling competitors with no extra renewal fee. However, some domain such as .top is not available for purchase on Cloudflare Registrar.
Cheapest Affordable Domain Renewal Price
.com (~ $10.50)
.top (~ $7)
Mid tier renewal price (~ $12)
.net
.org
Hefty renewal price (~ $35)
.blog
.site
.shop
.online
.fun
.life
Expensive renewal price (~ $58)
.store
.io
.tech
Very expensive (~ $99)
.ai
Notable Mention:
The cheapest domain is ‘Digits’ name and .xyz domains, for only $1 per year. 1.111B Class domains made up of 1.111 billion possible digit combinations between 6 to 9 digits from ‘000000.xyz’ through ‘999999999.xyz’. They are ideal as an affordable platform for Internet of Things device connectivity, vanity identification, digital currencies, and any other creative uses
