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A common mistake many people who purchase a domain name make is misunderstanding the fact they need to do a domain name renewal each year. If a domain name owner does not do a domain name renewal, the domain name can be purchased by anyone. domain names are lost this way before the owner realizes it. If you are going to purchase a domain name, always register the name with a reputable domain registration company. Moniker is a good domain name registration company plus they give you the option for automatic domain name renewal when you register your domain name. Moniker will send you email updates as your domain name is nearing renewal time and this way you can always be sure any domain name you wish to keep will be renewed. If you have a domain name you do not care to renew, you can always let it go without additional renewal expense. Many people make money by searching for domain names that have a good name with the potential to be developed. When seeking to purchase a domain name to turn around and sell it or develop, do your research first. Otherwise, you will end up with a portfolio of domain names.
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