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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 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. The prices offered by registrars are varied and you can choose what is best for your company.