GoDaddy Price Increase Announced for .Com & .Net Domain Registrations
I just received an email from GoDaddy, the world’s largest domain registrar, and the email announced a price increase for .com and .net domain registrations. As of July 1, 2010, the price of .com domain names will increase 7%, while the price of .net domain names will increase by 10%. The email cited VeriSign’s price increase as the reason.
I am sure that other registrars will send similar emails to their customers, so keep this in mind if you want to renew and/or extend the length of your domain registrations prior to the price increase.
A 7% increase may not seem like a lot of money, but if you have a portfolio of 1,000 names at Godaddy and pay the full price of $10.69, a 7% increase means you will pay $11.44 per name, an increase of $750 for your entire portfolio.
Here’s the email that was just sent by Godaddy:
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On July 1, 2010, VeriSign®, the registry for .COM and .NET, will increase prices – .COM will go up 7%, and .NET by 10%.
The increase will be passed to registrars like Go Daddy and then, unfortunately, to consumers like you.
As of July 1, we will be forced to raise registration and renewal* prices for these two popular top-level domains.
If you wish to avoid this price increase, you can renew your domain names by June 30 and add another year to your current expiration dates. You have the option to register or renew for multiple years and lock in long-term savings. Of course, should you have any questions, please give us a call at 1-480-505-8821.
Thanks as always for being a Go Daddy customer.
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Comments (12)
Kevin
March 3rd, 2010 at 2:01 pm
If you have a big enough account there you can get your own account manager and they will get you discounts.
If anyone needs a connect at GD’s exec accounts e-mail me at Kevin@BigTicketDomains.com and I’ll hook you up.
JAmes
March 3rd, 2010 at 5:25 pm
No probs, I only buy .infos at goddady
Jimbo
March 3rd, 2010 at 5:40 pm
Kevin, I find that you get better rates with coupon codes than through the account execs.
Davo
April 30th, 2010 at 7:52 pm
If you are able to maintain a portfolio of 1,000 domains, then the 7% price increase is really just chicken feed.
Jesse
May 4th, 2010 at 10:27 am
What is the reason for the price increase? Supply/Demand doesn’t really matter here does it? Is it just a cost of living increase for Verisign? What exactly makes a domain name cost more money?
jeadly
May 11th, 2010 at 7:23 am
This made me curious what Verisign’s prices were to begin with, so with VERY little searching I found this page that details their rate hike.
https://investor.verisign.com/releasedetail.cfm?releaseid=431292
Yes, its around 7% and 10%, but that isn’t the end of the story. Godaddy is increasing prices, for example, 98 cents to make up for a 48 cent verisign increase. Mostly, godaddy is exploiting this opportunity to raise their prices including their markup in the % increase and hoping the consumers won’t notice. Shady.
Casey
May 31st, 2010 at 11:21 pm
“Is it just a cost of living increase for Verisign? What exactly makes a domain name cost more money?”
My thought exactly.
Greg
October 19th, 2011 at 4:03 pm
I don’t find it “shady” that GoDaddy increase their prices in ways that are not in DIRECT proportion to their additional expense. Would you rather they wait a week and do TWO increases? Or six months, perhaps? I think they are in business to make money. Is that so bad? Nobody here can say that they pay the same for gasoline as they did six months ago. There are other expenses that Go Daddy has to cover that aren’t wrapped into the Verisign increase.
I am not an employee or customer of GoDaddy. I just can’t see why everybody thinks things like this are “cloak and dagger”. It is just a business trying to make a profit and stay afloat…
Chris Brewer
November 3rd, 2011 at 11:57 am
I think folks are complaining about GoDaddy’s increase because they’re attributing it to Verisign, when in fact they’re not just passing on the price increase from Verisign.
Natural
November 7th, 2011 at 3:28 pm
What makes a domain name cost more money?
Do you live under a rock or what?
What makes your house more expensive to maintain, what makes your car more expensive to maintain?
There is a whole infrastructure from employees, utilities, equipment, taxes, etc, etc.
Regardless of whether it is true or verifiable or not domain names are maintained by an entity, a company, that company is subject to costs to run their operation regardless of what they do, it has a cost, even if they do nothing except exist an an empty corporation that owns nothing.
james
November 20th, 2011 at 10:36 pm
I have some domains at godaddy myself and just because they raised thier prices, you can still find coupon codes to get your cost lowered to at least $7.49 per domain per year.
I also have some domains at Vonicom where they only charge like $9.35 per domain per year for .coms and .net with no ICANN fee like GD does 18 cents per domain per year on top of thier 11.99 .com price.
Scotty Mack
December 7th, 2011 at 8:09 am
I agree with an earlier poster that if you have a portfolio of 1,000 domains, nobody’s heart is going to bleed for you.
This is just like the furor over the stupid extending the Bush tax cuts argument and the $1,000 increase to every family making $50,000 that Obama is blowing long and hard about. Assuming you are in a normal 18% tax bracket, this works out to a little more than $15/week per household after taxes. If you are like 50% of Americans and don’t pay an federal income tax at all, this “fair share” tax increase (which is really not a tax increase, it’s just not a tax cut) means you get an extra $19/week for “free.” Of course, this money will have to be paid back in the future, so it is really just a loan. Hardly a game changer for the average household either way.
I’ll just have to really tighten my belt in this case and hope my e-commerce websites can each cover the less than one dollar per year price increase.
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