So with $105.54 to work with for this idea, the first thing I need to do is to register the domain name. I did just that yesterday as I initiated the order. This is actually a good example in terms of when you are looking to purchase some kind of service, do you go for the cheapest option or pay a little extra to get something more reliable? For this, my requirements were that I wanted to register the domain for one year to start off along with the ability to register the domain privately to help prevent spammers from accessing the site’s contact information.
If this was for a regular business I would opt to pay a little more to go with a company that I was confident with. Normally, I would have to pay about $15 a year to get what I want. It would usually be almost instantaneous as well as once I place my order I notice that the domain is then fully registered fairly quickly. After thinking about it for a bit, in the end the web hosting usually plays the main role when it comes to the performance of a web site, which I will be pickier with, and so I decided to be more frugal in the budget for registering a domain.
The result, to save money I decided to go with a company that charged $5.99 as it was one of the cheaper options for what I wanted. As expected, the service isn’t as prompt as I registered it yesterday and as of now I am still waiting for a confirmation that it has been successfully registered. In general though, assuming everything goes through, the trade off is that I went from needing to spend about 15% of initial my funds to about 6%. Those numbers are off a bit as my funds are in Canadian currency while the bill is using US currency.
Hopefully it goes through okay. I still have to brainstorm everything anyhow, so the wait doesn’t affect me too much.