NEW YORK, NY – If you have been waiting to get your hands on a new .inc domain name, you might as well just keep waiting; that is, until the price comes down somewhere between ‘reason-ability’ and ‘reality’.
I’ve been interested in one of these domain names for quite some time now, however, checking the availability of a specific name, I’ve noticed that it will cost a whopping $3,500.00 to secure it during the early registration period. When the name becomes available for “general availability” (on May 7, 2019) it drops down to a still unreasonable $2,500.00 (per year) to use it; thanks, but no thanks, I’ll start adding up now how much savings I’ll incur by not purchasing one.
These insane registration and renewal prices should ensure that .inc domain registrations lag in growth far more than they prevent cybersquatting as noted in the company’s press release about the launch.
Goodbye “Cybersquatting” – Until now, domain scarcity forced businesses to compromise on web addresses or pay up to millions of dollars to private sellers for pre-owned domains. To prevent cybersquatting, .inc is available for a premium price accessible to businesses, rather than speculators. This allows businesses to save time and money by getting the .inc domain they want, when they want it – the goal being to avoid private sellers and pre-owned domains entirely.Shayan Rostam, Chief Strategic Advisor to Intercap Registry Inc.
If that’s not your best example of fluffed marketing hype, I’m not sure what is; I can only guess that even a novice reader will see right through-it with their own level of skepticism; and notice – nowhere in the press release does it mention its insane cost. However, the press release does mention that each .inc domain name registration includes up to $2,500.00 ‘worth’ of member benefits or discounts from industry-leading brands (those of which are likely to go unused, missed or forgotten about).
Factoring in all these great membership benefits, I’d have to guess the registries’ position would be that a .inc domain registration could be considered free, until it comes time for renewal, year, after year, after year.
These type prices, if bought-in on and accepted by consumers and the industry, will only eventually fuel even more debate as to why .com’s remain so cheap in comparison and should cost more.
About The Author: John Colascione is Chief Executive Officer of Internet Advertising Inc. He specializes in Website Monetization, authored a ‘how to’ book called ‘‘Mastering Your Website’, and is a key player in several Internet related businesses through his search engine strategy company Searchen Networks®