Article by Jerry Low
Geek dad, SEO data junkie, investor, and founder of Web Hosting Secret Revealed. Jerry has been building Internet assets and making money online since 2004. He loves mindless doodling and trying new food.
Inflation on Internet: 10% Price Increase for .com and .net domains
In case you missed the announcement last year, this is the final reminder that in less than a month time, registration cost for .com and .net domains will increase for 10% at VeriSign.
VeriSign announced that as of July 1, 2010, the registry fee for .com domain names will increase from $6.86 to $7.34 and that the registry fee for .net domain names will increase, from $4.23 to $4.65.
What does this mean to you?
Basically the price-change doesn’t affect much on most webmasters unless you are holding over 1,000 domain names. If so the first thing you should do is, apparently, to renew your expiring domains before July.
The increase is approved by ICANN and in other words this will affect all domain registrars who offer .com and .net registration services. As profit margin is already ultra thin in this field, registrars like GoDaddy will most likely pass on the inflated cost to its end users (aka, you and me!).
Inflation happens all the time, get used to it!
I read quite some rants across several webmaster forums and honestly, I don’t understand why these guys cannot accept the fact that prices of everything will increase.
In fact I would be surprised if the .com and .net price stays stagnant in year 2009-10. After all the business is monopoly by VeriSign and moreover, according to a settlement in for lawsuit between Verisign and ICANN in 2006, the company is allowed to increase their prices on an annual basis with increases of up to 7% per year for .COM.
(Ask yourself, would you do the same if you are allowed, legally, to ask for more money? ;) )