VeriSign Increases .COM & .NET Prices on Jan. 15, 2012, the registry fee for .com domain names will increase from $7.34 to $7.85 and the registry fee for .net domain names will increase from $4.65 to $5.11.
Earlier, on July 1, 2010 they increased .com domain names from $6.86 to $7.34 and .net domain names from $4.23 to $4.65. ICANN and Verisign revised agreement allows Verisign to raise rates by 7% every year of their new contract. We have no choice, but to accept the fate.
According to VeriSign, approximately 5 million names were added to the internet in the third quarter of 2011 bringing the total number of registered domain names to nearly 220 million on a worldwide basis.
VeriSign Increases .COM & .NET Prices
Continued strong global Internet usage growth, along with increasingly powerful distributed denial of service (DDoS) attacks leveled against all parts of the Internet’s critical infrastructure, have dramatically increased the demands on Internet infrastructure providers such as Verisign. In the last five years, the volume of Domain Name System (DNS) queries on Verisign’s global Internet infrastructure has more than doubled, increasing to an average daily query load of 57 billion in the first quarter of 2011. (via Verisign)
What You Should Do?
Renew your existing domain names and register new domains if you have any plans to save some bucks. If you are confused on how to pick a good domain name, you can refer our post here:
VeriSign Increases .COM & .NET Prices soon this month, so don’t forget to renew all your domains now.