Can you believe that people are still paying $35/year for domain names? I know they are because as I speak around the world many in the audience are blown away with how much they can save by going to the right registrar. Well, it just got better, because here's the inside secret on how you can transfer your existing domains from more expensive registrars to one where you only pay $7.75/year.

Chances are that you have one or more of your domain names coming due for renewal at any given time. And, your current registrar will be working hard to have you "re-up" with them-especially if they are one of the more high-priced ones.

Now you can smile when you receive that renewal notice, because you can transfer your domain name registration to GoDaddy where it is only $7.75/yr for transferred domains. And the best part is that you don't lose the time remaining with your current registrar. For example, let's assume that you have four months remaining on your domain name with your current registrar. You don't have to wait until it expires to transfer it to GoDaddy. Whatever registration period you opt for (1 year, 2 years, etc), GoDaddy will also include the four months remaining on your current registration period. This way you lose nothing by transferring early (there may be limits to this, so be sure to check first). If you have many domain names, this can really add up. When top producer Roger Lundy of RE/MAX Real Estate Group in Indianapolis, IN, heard about this during one of my sessions, he quickly calculated that this one idea would save him an immediate $4,000!

GoDaddy is my current registrar of choice for all of my new and transferred domain names. I also like them because they give you complete control of every aspect of your registration information including contact and DNS (Domain Name Server) information. There is one note of caution however, when you use GoDaddy to register or transfer your domain names. During the registration process they will try to sell you everything under the sun having to do with Web hosting, domain pointing, etc. Just ignore all of that and use them for registration purposes only.

The domain name registration market is far from being "perfect." This means that there will be plenty of bargains available in this highly competitive environment in the foreseeable future. When I find something better than GoDaddy, you will be the first to hear about it. Until then, don't pay any more than you have to, just GoDaddy!