Where can I buy a domain name as a newcomer to website ownership, and what are the key things to consider?

You can buy a domain name from a registrar such as GoDaddy, Namecheap, or Google Domains. When choosing a registrar, consider factors such as pricing, customer support, and additional services offered. As a domainer, I recommend checking the registrar's reputation, ICANN accreditation, and domain transfer policies. You should also ensure the registrar offers domain locking, DNS management, and WHOIS protection.
Additionally, consider the registrar's user interface and ease of use, as well as their customer support channels and response times.

When it comes to acquiring a domain, you can tap into domain marketplaces, where the asking price is often contingent upon the domain's lexical concision and phonetic appeal. To get started, you can register your domain with a myriad of hosting providers - but if you're just dabbling, consider opting for a registrar that's currently running a promo, offering free or dirt-cheap registration. Let's face it, you'll likely end up abandoning the domain and letting it lapse, so it's not worth breaking the bank.

On the other hand, if you're dead serious about establishing an online presence, it's advisable to go with a reputable registrar from the get-go, and be sure to scrutinize the renewal costs to avoid any future sticker shock. After all, a domain's intrinsic value lies not only in its initial registration fee but also in its long-term maintenance costs.

In the context of domain acquisition, the cost of a domain name is heavily influenced by its intrinsic value, particularly if it's a premium business domain in a coveted namespace. For instance, a high-demand domain in a top-tier extension like.com can command a substantial price, whereas a domain in a newer, less established extension like.xyz might be significantly cheaper.
The domain's vintage, authority, and keyword relevance also play a crucial role in determining its market value. Furthermore, the availability of short, memorable domains in popular extensions is dwindling rapidly, which can drive up prices for the remaining available options. It's essential to consider these factors when evaluating the cost of a domain name, as they can significantly impact its resale value and overall ROI.