- Impact
- 2,341
I will not name any of them here coz they are a lot, but they all do the same thing
Quick facts
1) These registrars used to be well known in the past, so they have a legacy of thousands of customers with 100s of thousands of domains
2) They charge $20-50+ for a .com renewal
3) Each if their customers had a few names and are not domainers so they renew the names thinking that’s the norm
4) They have a profit margin of up to 600% in each renewal
Is this a customer obsessed approach?
Hell no! Their customers don’t know the market. Once any of them knows the real renewal prices anywhere else, they just leave the platform.
Do they get new customers?
Should be no, but unfortunately they force domainers to be new customers!
How?
One of their legacy customers doesn’t renew the domain then they list it with NameJet or SN etc...
one of us would win the domain in the auction, then we receive the worst email ever “welcome to XYZ registrar, that’s your new login information”
This email for me is one of the worst I receive in any given day
Why?
1) I have to go through a process of creating an account with a registrar that I will never reuse
2) The user interface is close to Atari 2600
3) You know the riddler from Batman? He is the only one who could get you the authorization code when needed
4) You have to mark a calendar for 60 days to pull the name off , AND to remember the login credentials for these
5) If you miss any of the above, you have to pay $45 renewing a domain name!
In company valuations there are 3 main pillars, their assets + Profit and loss statement + A premium
These guys don’t have assets as their systems are outdated
They are profitable but their profits are decreasing year after year
They have zero premium as it relies on Goodwill. Who would ever NOT warn a domaining friend to keep their names there?
I just question and challenge the boards of these registrars. I challenge them if they have a strategy. I challenge them that that’s a clean legally coated scam. I challenge them that they never cared about a customer. I challenge them they aren’t hiring competent staff to elevate their business to be competent with much younger companies like godaddy and namebright. I challenge them that they won’t survive 3 more years in the business and will have to divest And move their assets to a more competent board of another company.
we all customers and victims of this.
There should be a rule set by ICANN for the max renewal fee! This is nonsense and we as domainers should form a working group to present a case to ICANN. This is no joke. We erroneously pay millions for these companies in overcharged renewals. At times like now when a lot of us are liquidating portfolios to pay their basic monthly bills, this has to stop!
Thanks
Ahmed Elbaz
Quick facts
1) These registrars used to be well known in the past, so they have a legacy of thousands of customers with 100s of thousands of domains
2) They charge $20-50+ for a .com renewal
3) Each if their customers had a few names and are not domainers so they renew the names thinking that’s the norm
4) They have a profit margin of up to 600% in each renewal
Is this a customer obsessed approach?
Hell no! Their customers don’t know the market. Once any of them knows the real renewal prices anywhere else, they just leave the platform.
Do they get new customers?
Should be no, but unfortunately they force domainers to be new customers!
How?
One of their legacy customers doesn’t renew the domain then they list it with NameJet or SN etc...
one of us would win the domain in the auction, then we receive the worst email ever “welcome to XYZ registrar, that’s your new login information”
This email for me is one of the worst I receive in any given day
Why?
1) I have to go through a process of creating an account with a registrar that I will never reuse
2) The user interface is close to Atari 2600
3) You know the riddler from Batman? He is the only one who could get you the authorization code when needed
4) You have to mark a calendar for 60 days to pull the name off , AND to remember the login credentials for these
5) If you miss any of the above, you have to pay $45 renewing a domain name!
In company valuations there are 3 main pillars, their assets + Profit and loss statement + A premium
These guys don’t have assets as their systems are outdated
They are profitable but their profits are decreasing year after year
They have zero premium as it relies on Goodwill. Who would ever NOT warn a domaining friend to keep their names there?
I just question and challenge the boards of these registrars. I challenge them if they have a strategy. I challenge them that that’s a clean legally coated scam. I challenge them that they never cared about a customer. I challenge them they aren’t hiring competent staff to elevate their business to be competent with much younger companies like godaddy and namebright. I challenge them that they won’t survive 3 more years in the business and will have to divest And move their assets to a more competent board of another company.
we all customers and victims of this.
There should be a rule set by ICANN for the max renewal fee! This is nonsense and we as domainers should form a working group to present a case to ICANN. This is no joke. We erroneously pay millions for these companies in overcharged renewals. At times like now when a lot of us are liquidating portfolios to pay their basic monthly bills, this has to stop!
Thanks
Ahmed Elbaz