The fee you pay the domain name registrar is an annual fee.
In other words, you “own” the domain only as long as you keep paying the yearly fee for it.
At the time I write this, prices at most registrars hover around $10 to $15 per annum.
Can I buy a domain name permanently?
In the case of getting a new website address, while you cannot buy domain names outright or permanently, what you can do is to register a name. That is another myth we can bust – you cannot buy a domain name forever; however, you can continually renew registration to maintain control over it.
How much should a domain name cost?
On average, if you intend to register a new domain, it should cost you anywhere between $10 to $15 a year depending on the TLD and the registrar.
Does it matter who you buy a domain name from?
Once you register a domain, it’s yours – it doesn’t matter which service you purchased it from. If a domain is available, you can usually buy it anywhere you’d like. However, some domain registrars offer services or advantages that others don’t.
Is GoDaddy a one time fee?
GoDaddy offers three website plans for personal or business websites and one for eCommerce. It costs $5.99 / month (but remember, it will be billed at $71.88 / year) and is what I’d recommend for most websites.