Business Magazine

Mike Mann Just Saved Over $800,000 With Verisign’s No Rate Increase .Com Contract

Posted on the 30 November 2012 by Worldwide @thedomains

Mike Mann owns around 330,000 domain names.

Based on Verisign’s contract  renewal to operate the .Com registry over the next six years, without being able to raise their prices 7% in 4 out of 6 years, according to our calculation Mike Mann just saved over $800,000.

The current rate for a .Com registration or renewal is $7.85

Here is what the annual increase would have amounted to if Verisign would have been allowed to increase the wholesale price, the amount of the (increase) and the annual savings to Mike:

Year 1 increase: $8.40 (.55)   $181,500

Year 2 Increase $8.99 (.59)   $194,700

Year 3 Increase $9.62 (.63)   $207,900

Year 4 Increase $10.29 (.67)   $221,100

Here is the savings that every domain holder will receive for each 1,000 domains they own:

Year 1 $550

Year 2 $590

Year 3 $630

Year 4 $670

Total savings over the 4 year for each 1,000 domain owned is $2,440

We at just saved over $170,000

All domainers should celebrate this early Christmas present and consider sending a small percentage of their savings over to the Internet Commerce Association who is the only group I’m aware of that stood up for domainers demanding that Commerce and Justice not renew the contract with the  automatic price increases

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