Ready to carve yourself a thin slice of that tasty cyberspace pie? Google (NASDAQ:GOOG) wants to help. The search engine champ is teaming up with GoDaddy and eNom to begin selling annual domain registrations for $10 a pop as a move to help stir up some interest in its Web-based domain applications.

This may not come as news to you. Google became an accredited registrar of domain names nearly two years ago.

"Conspiracy theories are already sprouting up all over the Internet," I wrote at the time. "Did Google become a registrar so it can keep closer tabs on deleted domains and wipe clean its indexed pages and established Page Rank metrics? Will those who turn to Google as both a registrar and a host receive preferential search engine placement?"

There may have been some thorny issues with Google handing out domain names at the time -- even though rival Yahoo! (NASDAQ:YHOO) has never had a problem with selling domains and Web hosting services to small businesses -- but now the time has come for Google to make its play.

Yes, you can pick up your .com, .net, or .org presence at GoDaddy and some eNom resellers for less than $10, but that's far better than the $30 to $35 that original registration leaders and Network Solutions used to charge. Wow! Network Solutions is still charging $34.99 for a one-year registration!

More importantly, Google is offering the $10 domain registrations now for folks looking to incorporate the Google features of its Google Apps for Your Domain offering. Whether it's server-stored Gmail, Writely word processing, or calendars, Google has been aggressive at eating away at Microsoft's (NASDAQ:MSFT) applications software business, and this is just one more step to get entrepreneurs, organizations, and Internet hobbyists to explore Google's growing suite of free productivity software. I got a server error when I was trying to see how far along the domain registration process Google would take me, though the site does have a help page up to explain the new offering.

We also can't dismiss the moneymaking allure of registrants warming up to the company that provides revenue-sharing possibilities by populating established sites or parked domains with paid search ads.

Yes, there is money to be made even in dormant domains. A domain baron like Marchex (NASDAQ:MCHX) makes good money through direct navigation (i.e. type-in traffic) on many of its domains that are still in the process of being developed into more than just parked ad pages.

Google becoming an even bigger part of the online experience? Is that even possible? Of course it is. Just watch. Another day, another step closer to world domination for Google.

Microsoft is an Inside Value newsletter service stock recommendation. Yahoo! is a Motley Fool Stock Advisor selection.

Longtime Fool contributor Rick Munarriz is a Googleholic. Is there a cure? He does not own shares in any of the companies in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.