However, one of the bad impressions for the escrow service to sell a domain name is that you are putting another step to the process involves in the desire to sell a domain name, and another expense. But in spite of the trail you decide to follow with your desire to sell a domain name, it is just necessary that you take some extra care, since when selling a domain name it is a typical condition that you rarely meet your buyer face to face. It is for the main reason that when someone lookup for a website, you are basically accessing this large database for all of the domain names entered through a domain name registration, and such database directs you to the necessary DNS to access their database to locate which computer your website is on. There are further resources which state that if ever that you have an Internet Protocol address of your hosting server, it is better that in changing your registered domain name, you use the URL-forwarding service which is now offered by most domain name companies. Through the URL-forwarding, the registered domain name information then can be change smoothly for the reason that the URL-forwarding will resolve any hits on the registered domain name to the forwarding servers. But, there are some instances in the domain name auction in which the companies lose control of its name. So, if such happens it might have to pay a huge sum to the new owner to get it back. For particular mention, one of the reports has shown an example that the Business.com domain name was sold for $7.5 million. It is interesting to know that other well-known domain name suffixes include the .org which stands for organization, and .net for network. For much emphasis, in the last few years, another set of domain name suffixes are approved and these include the .aero for the air transport industry; .biz for reserved businesses; . Even those who have knowledge on computers might have no knowledge about this thing. So for those who haven't heard anything about the domain name renewal and for those who wanted to renew their domain names on the internet, this article is right for you. For everybody's information, the domain name renewal is actually known as the process of buying additional time to an accessible domain name registration.