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The first thing is you have to choose the name that will aptly represent your business or company. Although you have the option of as long as 63 letters, the success of your name will not be in length but on actually how good it is in general. The second step is choosing a good registrar. After you have decided on a good registrar, you will then register by entering into registration contract with them and by giving them information about yourself. Generally, you are given monthly renewal option for ten years for your internet domain registration.