Verisign, the registry managing .COM domains, has now confirmed a price increase starting from 1st September 2024. This change will impact all new registrations, renewals, and transfers of .COM domains. To avoid the upcoming hike, we strongly recommend registering or renewing your domain at the current rates before the new pricing takes effect. It’s wise to renew for a few more years, up to 10 years, to secure the current price for an extended period.
How This Affects Businesses and Domain Owners
For businesses, especially those that rely heavily on their online presence, even a slight increase in domain costs can add up, particularly if they manage multiple domains. Small businesses and startups, which often operate on tight budgets, may feel the impact more acutely. With the price hike, the cost of maintaining a digital presence could gradually rise, affecting the overall cost structure of running a business.
Moreover, the uncertainty surrounding future price increases adds a layer of complexity to financial planning. Companies need to factor in these potential costs when budgeting for their digital operations. For domain investors, who often hold large portfolios of domains, this increase could impact their profit margins, especially if the market does not adjust to absorb these higher costs.
How This Affects Businesses and Domain Owners
Price increases for .COM domains have been a recurring topic. Despite initial hopes for a pause, Verisign has announced that the increase will proceed as scheduled this September. While a temporary freeze is expected next year, the long-term pricing strategy remains uncertain, leaving room for further adjustments in the future. It’s essential to stay informed and proactive to mitigate the financial impact. Another option is to renew for a few more years, up to 10 years, to secure the current pricing.
For domain owners, the upcoming price adjustment means a minimal increase, likely less than one USD before VAT, starting 1st September. To secure current rates, consider registering or renewing your domain for an extended period before the price change is implemented.