Most domainers stop at the registration duration screen to switch to a 1 year registration when registering a domain name with Godaddy - but perhaps less experienced users don’t.
In any case, as has been covered by other bloggers here and here, Godaddy have changed their default registration duration to 5 years - instead of the previous 2 - to increase revenue.
Of course, a longer domain registration is an SEO factor, as argued here, so if you plan on building a ... READ MORE