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Why is Domain Name Management Important?

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The Domain Name Management Guide

A Domain Name is one of the most important business assets that is also very different from other business assets. It costs just a few dollars per year to renew a domain name, but forget to renew a domain, lose control of it, and it may cost you hundreds if not thousands of dollars or more to get it back!

It is important that you keep track of your domain names so that they are always renewed at the proper time.

Domain Name Management also involves things other than keeping track of renewals.