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You can have as long as 63 characters but the success of the name is dependent not on the length but on how good the name is generally. The second step is choosing a good registrar. After choosing a good registrar, you register by providing information about yourself and then enter into a registration contract with them. Usually you are offered a monthly renewal of your internet domain registration for a period of ten years. The price varies depending on the registrar and you can simply choose what is more appropriate for your company.