GoDaddy provides domain name registration, website hosting and other online business tools primarily for small businesses and individual entrepreneurs, one of the largest domain registrars in the world. Its core domain registration business earns recurring fees as customers renew their domain names annually, a subscription-like revenue model that provides fairly predictable, recurring revenue tied to its large base of existing domain registrations. Beyond domain registration, GoDaddy has expanded into website building tools, hosting, business email and other small business software products, aiming to be a broader technology platform for small business owners rather than just a domain registrar. The company's growth is tied to overall small business formation and the ongoing need for businesses and individuals to establish and maintain an online presence, along with its ability to sell additional products and services to its existing customer base beyond initial domain registration.