Another domain name price increase announced.
.Biz domain name registry NeuStar has informed ICANN (pdf) that it intends to raise wholesale prices for .biz domain names effective April 1, 2011. That’s the same time that Public Interest Registry will raise its rates on .org domain names to $7.21.
The wholesale cost of a .biz domain name will increase from $6.85 to $7.30. That does not include an ICANN fee of $.18 cents that registrars must pay, so the wholesale cost will really be $7.48. With about 2 million domain names registered, .biz will bring in about $15 million to NeuStar per year under the new pricing.
Most domain name registrars I use bake in a fairly healthy margin to .biz domain registrations, so I’m unsure how much of this cost will be passed on to registrars. For example, Go Daddy typically charges $14.99 per year for a .biz domain.
Hi Andrew, shouldn’t it be “April 1, 2011”?
@ Joe – yes. fixed, thanks
“.biz will bring in about $15 million to NeuStar per year under the new pricing. ”
april fool 2011 ?
@ chandan – just do the math. $7.30 times the 2 million current registrations.
It’s not a bad business for NeuStar