There are a couple of things you should keep in mind if you are interested in purchasing a cheap domain name. Please compare the offers along the following dimensions: 1st year price, multiyear-registration options and discounts, opportunities for bundles, additional services available to you, and eventually the renewal rate (price as of the second year) in order to get the best deal possible. Usually, a cheap domain name renewal price for the 2nd year is higher than the welcome offers you can get for the initial registration in the first year.