In February of this year, Verisign announced that the wholesale price for .com domain names will be rising by 7% on September 1, 2022. The wholesale cost, which is paid by domain registrars like Namecheap and GoDaddy, will be raised from $8.39 to $8.97. Domain registrars add their own margin to that amount, and the total is what domain registrants pay to register, renew, and transfer .com domain names.
For domain investors, this additional 7% fee can be impactful depending on the size of a domain portfolio. Andrew Rosener tweeted a good reminder for investors who may have forgotten about the looming price increase:
Just handed $21,000 to @GoDaddy for bulk 5 year domain name renewals & will do about $100k more next week!
WHY??? Because in September, $VRSN will be raising renewal prices by 7%!
Get ahead of the price hike & renew your domains! #PublicServiceAnnouncement #Domains
— Andrew Rosener (@andrewrosener) July 28, 2022
A couple of months ago, I renewed a great deal of my domain names ahead of time in order to lock in the lower cost. I will probably look at renewing some of my higher value domain names for several years out since it is likely Verisign will continue to increase the renewal cost as much as it is permitted by contract to do so.
With a little more than a month to go before the wholesale price increase on .com domain names, now is a good time to reach out to registrar partners to see if there are any renewal or transfer deals to be had.
That why I am transferring….
Cheaper than renewal
GoDaddy already has the highest renewals at $20.
Besides auction purchases, I won’t be adding domains to GD.
Need to make it atleast $500/year renewals so we have less BullShitttt websites clogging up the internet.
The guy above BullS is probably a billionaire since 99.9 percent of websites are bullcrap.
@Andy- you are absolutely correct- I am a billionaire physically, sexually, spirituality, financially, mentally and health wise
Yupper, all websites are ……go to “BullS” and you will find out
Only auction wins, then transferring away from GoDaddy
Having sex with yourself doesn’t count BULLS lol. But you have everything else so not bad my friend:-)
Mathematically speaking:
1. This makes new Gs more attractive.
2. Tying up $120k now for 5 years of renewals, to save one 7% increase probably isn’t worth the opportunity cost of each dollar. Are they going to do the 7% increase each and every year for 5 years? If so can see why you pre-regd but it is nuts that they are screwing over com holders prices will be double in no time. Big com portfolio holders should be concerned.
I’m waiting for a price reduction. then buy it.