Many customers do think that the low prices domain names have enough meat to cover the operations run. And a domain name should be very cheap throughout the years of renewals; That is fair to assume that. But these are the facts before the assumptions made
Lets start by putting the numbers first. A .com domain name cost
at the .com registry Verisign.
Add 20 cents ICANN fee, you have the bare cost of the domain name at $8.15 USD credit card
Add 2% cost for the transaction: $8.31 USD
add minimum 25 cents per domain to handle the infrastructure to manage your domain name:
WHY THE DOMAIN NAME REGISTRATION IS AT THE BARE MINIMUM PRICE?
Because of high competition, there are many domain registrars to sell top-level domains with entry discounts low-profit margins.
WHY ARE THE RENEWALS ARE MORE EXPENSIVE?
The cost of the domain name, operation costs and also the high competition is the reason for high renewal fees.
If a company is selling a domain name at bulk prices with minimum margins, it means they have a lot of customers to support.
When a critical change needs to be done, the registrar’s resources for help is very limited in bulk registration cases.
DOMAIN NAMES ARE VERY IMPORTANT?
Domain names are the address of your online presence. Your top priority should be the support you get when you need it. In the end, you may have limited time before the domain name expires. If you can not solve the critical problem issue on time, you may lose the domain name.
Just think that someone is paying you 25 cents in a year for a service you provide, how valuable your loss of service would be to them? Would they really care to save 25 cents in a year and go further helping you with the extra step you might need?
Why do you really need to save say $5.00 a year to get a domain name? Would it really affect your budget no matter it is $15.00 or $10.00 a year?
PAY THE PREMIUM PRICE BUT ASK FOR THE PREMIUM SERVICES
- SImilar low pricing for renewals
- No hidden fees like ICANN fee.
- Lifetime free domain privacy
- Feature rich, including
- Website Builder,
- Free Hosting,
- Free Business Emails
- Domain Name Contact Update Manager,
- Advanced DNS, 2 Factor Authentication (2FA) for increased security
- Best Domain Name Registrars
MULTIPLE DOMAINS BETTER PRICING
Since the registrars will have less support cost when you have more domain names, they have a discount program if you are looking to host a large quantity of domain names. You may ask them what would their price be if you register many domain names. You can also ask for renewal discounts. Don’t forget. This still applies to the domain names:
“We’re not rich enough to buy cheap things”