Cheap Domain name registration is on the rise as a result of the growing online community and more affordable domain names and host . According to the most recent Verisign reports, 8.5 million new domains registered were registered in the 3rd quarter of 2005, a 33% increase from 3rd quarter 2004 and a 94% increase from 3rd quarter 2003. Internet use worldwide reached the landmark number of 1 billion users in the 3rd quarter of 2005. While some may have the perception that all the good cheap domain names are gone, the reality is that what we are seeing today is only the frost on the tip of the iceberg. It's still very much a buyer's market as far as online real estate goes.

Part of the growth in cheap domain names is being fueled by small businesses such as an independent local grocer or dry cleaner that, by effectively establishing a presence on the Internet today, are building a foundation for their future while expanding their business reach and competing as never before. Companies like iPower.com, who provide the full spectrum of cheap domain names and hosting services, enable small businesses to establish a powerful site quickly and more affordably than ever. ICANN, now performing the functions of previously U.S. government contracted entities, is responsible for Internet Protocol (IP) address space allocation, protocol identifier assignment, generic (gTLD) and country code (ccTLD) Top-Level Domain name system management, and root server system management functions.