A Domain Name is an intangible object and is pruchased in one year increments.
A Domain Name is equivilent to having a Phone book listing except it is for the internet.
All domain names are assigned IP addresses (Internet Protocol).
IP address are like phone numbers but are in 4 increments ranging from 0 to 255.
Example IP address is 67.18.54.176
When someone types in a domain name into a browser’s address bar, the computer goes to one of the top level domain name servers and request the IP address of the particular domain name. The top level domain name server provides the IP address to the computer making the request and the computer attempts to contact the server at that address for the pages of that domain name.
You can purchase Domain Names from many vendors, but should only done through repetable dealers as domain names can become very valuable, selling into the millions of (US) dollars.
Domain Management Services sells domain names at