$75,000/year Domain Renewal Fees?

The layout for the new blog design is up (using AdSense Integrated WordPress Design) but we plan to make the CSS (Design) modifications sometime this week.

Anyway, back to blogging as usual! I just saw another Peter Da Vanzo post which discussed the possibilty of domain name renewals which can cost over $75,000 depending on the quality of it!

First of all, the ICANN has officially been announced to continue managing the domain name registry until 2011 this Tuesday. Their contract was supposed to end this September. In addition, the U.S. government will continue assisting the ICANN in managing domain names.

However, this is not the problem. The problem is in a loophole with one of their contracts which states that high top level domains are subject to tier pricing which can be up to $75,000 rather than the comfy $10 fee they need to pay now..

Here are a few examples of what some top-level domain names would need to pay as a renewal fee if this does come into effect:

  • movies.info - $25,000/yr
  • sex.com - $100,000/yr
  • google.com - $1,000,000/yr

ICANN has confirmed that the loophole exists, but noone can confirm that this will come into effect for sure or not. However, most people do believe that VeriSign might take advantage of this if this new contract applies to .biz, .org and .info domain names.

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3 Responses to '$75,000/year Domain Renewal Fees?'

  1. Round you say? » ICANN Loop-hole $75,000 renewal? - August 30th, 2006 at 6:15 am

    […] Original source: http://www.modernseo.com/websites/domain-name-registration/75000year-domain-renewal-fees […]

  2. Robert McCulloch - October 5th, 2006 at 11:29 am

    Domain names are more important for SEO than ever today (October 05, 2006). The reason is that search engines have had to discount more and more on-page factors due to webmasters and their SEO efforts to get top ranking.

    With less factors to rank webpages with, search engines are looking for other things to base a website rank in their search results. In-bound links were what made Google what it is today, but even they are discounted now due to webmasters linking to everything they can find to increase their PageRank. But that is another story.

    Domain names are the one on-page factor that is hard to cheat on. After all, how many top level domains can a site have?

    MSN understands this and ranks a website with a keyword phrase within the domain name well ahead of other sites. For example, I registered a domain name (american-pitbulls.us) for a pitbull site and setup a blog about six months ago. Three months later I did a search on MSN for ‘american pitbulls’ and my blog came up #1! (Page 1 of 70,571 results)

    Keep these factors in mind… The site had:

    No PageRank
    A new domain name, 3 months old then
    No links
    No SEO - a WordPress Blog

    The blog is still at #1 on MSN today ahead of all 70k sites. Feel free to check yourself, AdSense…

    http://search.msn.com/results.aspx?q=american+pitbulls&FORM=MSNH

    The full url is http://american-pitbulls.us/wp

    I’m getting traffic from Google as well now. Anyway, you can see how important the domain name is in ranking well in MSN. Even at third in the search engine wars, MSN can push out a lot of traffic.

    Robert McCulloch
    http://attorney-blogs.info/

  3. art (bob) - October 27th, 2007 at 5:11 am

    Scary stuff, but I remember thinking years ago that more and more domains on the internet would charge $$$ to visit. Fortunately the “free” market won out because demand was so high and paying advertises were plentiful.


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