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Stick with cheap domain name registrations
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Domain prices are sold wholesale by Verisign ($6.86 on July 1, 2010) and then a 25 cent ICANN fee is added on. Since you can't buy directly from Verisign, you'll have to buy from a reseller.
There are countless companies who offer domain registration services for new .com, .net, .org and other domain name types. These are called "registrars". Make sure you select one of the many ICANN-accredited registrars (here is a list) so you can safely register your name there.
You should expect to pay something more than the Verisign + ICANN price ($7.11 as of July 2010) so the reseller can make a profit. However there are some cases where they might be willing to give you a better deal. If you buy other "products" with reseller, such as hosting services, then some are willing to give you the domain for free or cheap.
Other registrars will offer a really good deal to transfer your domain name, since they want your future business. However in future years you will pay their higher price so make sure you look ahead. If you don't mind the hassle, switching your registrar each year can save you some extra dough.
For most people who just want a basic domain registration, there is no reason to spend a lot at a pricey registrar so stick with cheap options: