What If Domain Names Had a 10 Year Minimum?

5 replies
A couple months ago, I posed the question "What If Domain Names Cost $100?" and received some interesting answers.

This time around, I have a different angle.

What if domain names still cost $10 per year (or thereabouts) but you had to register it for a minimum of 10 years? And, you could not sell it within those first ten years either. (Unless the domain was registered to a business and the whole business was sold.)

Same questions I asked before: How would that affect your business model? Would you keep all the domains and sites you have now? Or would you drop some of them and focus on the money makers?

Would it make you think a little more long term for your website?

Would it make you consider more carefully what domains you register?

And, again, if so, why aren't you doing those things now?

It's great that domains are relatively cheap and easy to get, but the downside of that may be that people perhaps tend to not put as much thought and effort into building a business whose upfront cost was $10 as they might for something that cost them much more. And, before spending a dime, shouldn't you put more thought and consideration into something rather than jumping from idea to idea without any solid thought or plan, just because it's so easy and cheap to do so?
#domain #minimum #names #year
  • Profile picture of the author Meharis
    Originally Posted by Dan C. Rinnert View Post

    Same questions I asked before: How would that affect your business model? Would you keep all the domains and sites you have now? Or would you drop some of them and focus on the money makers?
    I wonder what PLR Writers, Domainers and Site Flippers would do it?
    Meharis
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  • I paid $2000 + for domains and still made money. If you can't make $100 per year on a domain then you are doing things wrong, I would study the fundamentals. The domains are free as far as I'm concerned and they are not an issue worth wasting time and energy over.
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  • Profile picture of the author George Wright
    Hi,

    Interesting question.

    Over the past years I've bought over 400 domain names. Most of them I just let expire. Those that I kept or sold more than paid for all the others with a modest profit overall.

    I would have never bought them all if I had to pay for 10 years.

    I probably would have made a lot more money had I just bought and concentrated on my money makers. Then again some of the ones I thought were GREAT weren't, for me at least.

    Of course at the time I buy them I think they ALL are GREAT. Only time proves me right or wrong.

    George Wright
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    • Originally Posted by HelpingYouBeAnExpert View Post

      I paid $2000 + for domains and still made money. If you can't make $100 per year on a domain then you are doing things wrong, I would study the fundamentals. The domains are free as far as I'm concerned and they are not an issue worth wasting time and energy over.
      I couldn't agree with this more. The domains that I actually use usually pay for themselves within the first week, easily, many times much sooner.

      Originally Posted by George Wright View Post

      Over the past years I've bought over 400 domain names. Most of them I just let expire. Those that I kept or sold more than paid for all the others with a modest profit overall.

      I would have never bought them all if I had to pay for 10 years.

      I probably would have made a lot more money had I just bought and concentrated on my money makers. Then again some of the ones I thought were GREAT weren't, for me at least.

      Of course at the time I buy them I think they ALL are GREAT. Only time proves me right or wrong.

      George Wright
      Sadly, I have to admit to this, as well. I still have dozens of names just lying around gathering dust. Maybe it's time to get into the domain flipping business for a quick minute.

      Nice post, Dan C. You've certainly given me something to think about.
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  • Profile picture of the author DrewClement
    The 10 year idea might be onto something, in terms of not having all the domains gobbled up and just sitting there bare.

    However, having the clause of not being able to sell it for 10 years is certainly a bit overboard and would really kill the value of domains overall IMHO
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