Why Does It Cost To Make A Domain Name, And How Do Registrars Do It?

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I’m just curious. If all domain name registrars can register domain names at different prices, how is this possible? Is there a governing body in control of domain names? If so, who is it?
Thanks in advance.

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"Why Does It Cost To Make A Domain Name, And How Do Registrars Do It?" was posted on Tuesday, July 28th, 2009 at 11:27 pm.

3 Responses to “Why Does It Cost To Make A Domain Name, And How Do Registrars Do It?”

Taimour(2009-07-29):

Yes, ICANN is the Internet Corporation for Assigned Names and Numbers. ICANN’s tasks include responsibility for generic (gTLD) and country code (ccTLD) top-level domain names.
VeriSign was granted the right to operate the names for .com, .net, and .org. VeriSign charge ICANN accredited registers 6$ for each domain, while ICANN charge them 0.25 cents for each domain. So the total cost of a .com domain is 6.25$ and the rest is revenue.
The most reliable cheap domain website I found was http://www.JordanSoft.com
Venkat(2009-07-29):

Microsoft Office Live do it totally freehttp://www.officelive.com/free-website
My website/domain is now almost two years old
search for HORTENSE ELLIS in Google and it’s #1 (and the Music MySpace is #6)
JIM(2009-07-29):

They can charge whatever they want. Just like when you buy other items like shoes – different places charge different prices. When you start to sell things, you have freedom to charge whatever you like too.