Jim Croce's famous song "I got A Name" may one day need to be changed to "I got a Cheap Domain Name" if current Internet growth rates remain the same. Today there are over 70 million registered Internet domain names across the globe.

While more and more businesses are taking advantage of the innovation and power offered by the Internet by registering domain names, an equal number of individual users are registering domain names as well. In fact, with the Internet becoming such an ubiquitous part of everyday life and commerce, one can imagine a day when every individual and every corporation will have domain names and hosting just as they do a social security number or corporate tax ID.

Cheap Domain name registration is on the rise as a result of the growing online community and more affordable domain names and hosting, and online services marketed and offered by companies such as the World's Largest Registrar - GoDaddy.com. 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. Years from now, those who have purchased and registered cheap domain names today - whether for business or personal use -- will look back at this time period as a golden opportunity to acquire the cheapest domain names of their choice and put their e-stake in the ground.

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.

Recently, the World's Largest Registrar - GoDaddy.com announced that it, too, had been named a Gold Certified member of the Microsoft Partner Program. Go Daddy provides a range of Microsoft-based hosting solutions, including three different shared hosting plans and several options for dedicated and virtual servers.