Domain name registration and renewal is crucial for a website to retain its online identity. Your Domain Name is who you are (your personal identity on the web) and your real state property on the World Wide Web. Once you register a domain name, the information about its owner is publicly available. The price for a domain name registration varies greatly on its extension.
On the web, your domain name is your own distinctive identity. So, if you have a website for your business, your domain name is your online brand and your online business card. Having a domain name gives a more professional look that is totally unique to your business.