How Domain Name Can Be Transferred
A domain name transfer means that owner of a domain name has been changed. Some of the reasons to transfer a domain are:
a) You have just sold or purchased that domain.
b) You are dissatisfied with your current registrar.
c) You need to renew a domain.
Sometimes it is cheaper to renew a domain name by paying for a transfer, then by paying the renewal fee. For example, GoDaddy domain transfers cost around $7 and include a 1 year domain renewal. If your domain is registered with Moniker where renewals cost $10, it is cheaper to transfer to Godaddy and get the inclusive 1 year extension. You will save $3. A $3 saving per domain renewal equates to a lot of cash, especially if you own hundreds of domains. You can get amazing company names through business name generator tool.
It is important to keep in mind that registrars do not allow the transfer of domains to another registrar within a set period of time following the registration of a brand new domain name. For example Godaddy allows transfer away of a domain 60 days after an initial registration. You can get vital info about featured good business names from reliable online sources. Transferring a domain from one account to another account within the same registrar can be done at any time.
Some registrars enforce an external transfer lock on a domain for a set time period if you make any alterations to contact information. Again, up until recently Godaddy placed a 60 day transfer lock if any changes were made on contact info on a domain. This was a security feature which was implemented to help prevent domain theft.
There are two types of domain name transfers.
a) Ownership transfers within the same registrar.
The following steps summarize such a transfer at Godaddy (other registrars follow a similar procedure, check their FAQ for details):
a) Log-in to your registrar user account.
b) Access your domain list.
c) Access the change account details / transfer domain feature (different depending on registrar).
d) Enter new owner account details, including the email or username of the new owner.
You must understand all the procedures of domain registration.