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.co domains had reg fee is $120+ ??

Labeled as .co in ccTLD Discussion started by dancarlson, Oct 11, 2018.

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  1. dancarlson

    dancarlson Established Member

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    Hi

    I have bought many .co's in the past and the most I have ever paid is @$30 but this domain i am looking at is LLLL and not a premium, and it is not registered ( i checked whois.co ) and when i plug it into godaddy or uniregistry its $120 + ?

    I am confused is this the .co registry setting the price?


    thanx Dan
     
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  2. dancarlson

    dancarlson Established Member

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    I now see that .co registry is calling it a premium domain? and in no way it is. Is there anyway to talk them down in price?
     
  3. alcy

    alcy Active Member VIP

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    hi there

    from sept1 .co introduced premium pricings. for new regs only. not renew/transfer.

    it applies to ALL 3l.co
    most 1word... many 2word... and many 4l.co

    prices vary from round 120 to 1-2k.. from what I saw.. could be more. not sure.

    and others too probably. perhaps some number names etc...

    for most info you can go to the main .co thread where its been discussed extensively for like 2 months.

    https://www.namepros.com/threads/co-the-official-discussion-showcase-and-sales-report-thread.573976/
     
  4. creataweb

    creataweb Top Member VIP ★★★★★★★★★★

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    Its new since Sep 1. You either pay or will not own it.
     
  5. dancarlson

    dancarlson Established Member

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    Is the .co domain doing that well? I don't really see it being worth 3x a .com or even 3x a .ca for a basic hand reg.

    That being said, I have already received some help on this and really appreciate the quick response and help..
     
  6. MadAboutDomains

    MadAboutDomains Active Member VIP ★★★★★★★★★★

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    .CO wanted a bit of the action apparently. They loved seeing how bad the gTLDs were doing and wanted to replicate... for some bizarre reason. RIP .CO
     
  7. Furquah

    Furquah The Captain VIP

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    I have registered and sold Nive LLLL.co at $0.99 but I lost all of my interest because of .co registry become too greedy
     
  8. Coinking

    Coinking Weedimo.com Blue Account

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    CarFinder.co premium $107
     
  9. kam

    kam Established Member ★★★★★★★★★★

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    Advise to all domain investor. It's very important to stick with registries that have good reputation only.

    What's .CO registry doing now is try to milk the profit in short term, I suspected they're going to sell their .CO business to 3rd party. They can easily manipulate the profit figure in this way.:xf.laugh:It's a strategic approach to sell a business for higher price:xf.cool:

    All of you should also read this thread.

    Some folks here claimed they had registered a .co domain for normal reg fee but .co registry had recently changed that domain's price scheme from normal fee to premium without prior notice

    https://www.namepros.com/threads/re...fied-to-premium-domains.1103255/#post-6924185
     
    Last edited: Oct 11, 2018
  10. creataweb

    creataweb Top Member VIP ★★★★★★★★★★

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    So just curious, are you still going to buy it?
     
  11. D Haynes

    D Haynes Active Member VIP

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    Abort! Abort!

    You have to assume a fair percentage of .co registrations (new and old) are domainers. Will be interesting to see how this strategy plays out. I'd imagine not very well.

    This post contains zero factual information and is entirely based on presumption and blind faith.
     
  12. dancarlson

    dancarlson Established Member

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    Not sure i am buying it for traffic and it's past use, but not sure spending more money out than I'm bringing in. It's getting harder to sneak domain money past the wife... lol
     
  13. John Napoletano

    John Napoletano JohnNapoletano.com Gold Account

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    As others have mentioned its for those marked "Premium" and the initial charge is similar to what a Domainer would charge you wholesale. Compare the premium price to what the GoDaddy Appraisal Tool gives and let us know each for reference. Renewals have not changed.
    https://www.godaddy.com/domain-value-appraisal


    How much does it cost to renew my .CO premium domain name?

    Last Updated: Aug 13, 2018 04:52PM COT
    Whatever premium price you may have initially paid to register your .CO premium domain name, your annual renewal fee will be the “standard” renewal fee charged for all .CO domain names. Please check with your preferred domain retailer for details, as fees may differ according to each retailer’s individual pricing policies and practices.

    http://support.go.co/customer/portal/articles/search?q=premium
     
  14. DomainRecap

    DomainRecap Established Member

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    Yep, this is an extremely dumb decision and it will turn off a lot of potential buyers who have heard the "You can't trust .CO - they can price it whatever they want" from .COM domainers - and now it's coming true.

    It's the old tale of short-sighted idiots wanting to make a quick buck, and they don't care if .CO will go in the garbage can in a few years - they'll get fat annual bonuses in 2018/2019 and be working (and scamming) at another company by then.
     
    Last edited: Oct 12, 2018
  15. DomainRecap

    DomainRecap Established Member

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    For now.

    With their recent propensity to "change the rules", I wouldn't trust them to hold their word on anything related to $$$. and I've been a big supporter of .CO for years.
     
  16. MetBob

    MetBob Active Member VIP

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    I agree with those who say the decision by those who run .co will in long term be bad for them, and is already bad for domain investors. I suspect that it will harm other generic cc as well, even though they have done nothing, as people will fear changes are possible. Ironically when ngTLD are finally showing some signs of stabilization price range, and less of the sharp discount big increase, we have a popular and successful cc going down the premium route. I am surprised that .com are contemplating, even modest, increases. If I was them I would announce stable prices fixed for x years and advertise about the stability of .com.

    Bob
     
    Last edited: Oct 12, 2018
  17. John Napoletano

    John Napoletano JohnNapoletano.com Gold Account

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    What did they change or do to deserve mistrust? Their policy is in writing, granted it's not visible within a few clicks which is why I link to it often here.

    All they are doing is adjusting to what the market has already done. Domainers have created this 'premium' up front fee idea and have done what...dropped the names after giving up...the names were DROPPED...buy them for $20 then charge a premium on NP, Sedo or other auction sites.

    You can try to sell your .co domains instead of dropping them. You can register for 5 years at your current rate. Many of these names cleared through GoDaddy Auctions prior to drop...and no one bought them. If anything they reduced supply and set a floor on prices so that's great for those willing to hold.

    That is very different from a premium 'renewal' model which I would never support.

    You guys are just creating panic for no reason. Please stick to stated policies that you can link to and show proof vs adding to the confusion.
     
  18. MadAboutDomains

    MadAboutDomains Active Member VIP ★★★★★★★★★★

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    I bought GDN.co at Godaddy auctions only to be told that the name was "no longer available". It still hasn't been renewed a few weeks later.

    Now its a sedo landing page saying "Renew now" http://gdn.co

    I contacted the .CO registry about it and got no response. https://www.namepros.com/threads/go...nd-gave-no-reason-again.1099087/#post-6883605

    Shady... great registry!
     
    Last edited: Oct 12, 2018
  19. John Napoletano

    John Napoletano JohnNapoletano.com Gold Account

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    Did you look up the whois? NameFind has been discussed on NamePros before. Unless you are claiming that .CO is the true owner which it appears they are not then your anger should be directed elsewhere. All auction sites have issues with completing sales for various reasons.
     
  20. DomainRecap

    DomainRecap Established Member

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    But many other extensions already use a "premium renewal model" so what's to stop .CO from "adjusting" to that are a later date?

    As we have seen, it's a real slippery slope and one step often leads to another.
     
    Last edited: Oct 12, 2018
  21. MetBob

    MetBob Active Member VIP

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    @John Napoletano has made some good points that really the registry is doing something that is exactly like domainers do. I understand the concern of many about the change, but assuming that indeed it will never impact those who hold and renew, and it is a one time premium only (never on renewals), I have somewhat changed my opinion from my earlier comment in this thread (too late to edit). I should have more carefully read the entire thread before posting :xf.frown:

    If it is a way for a registry to keep from raising renewal prices, might this not be a fairer way to do it? Now I realize sceptics will correctly point out that we have no way to know if this will help keep renewal prices constant. I'm not sure.

    Re the post from @dancarlson that started it, given an already highish renewal fee on .co (order $20+) and now premium purchase, I would personally need to like the name a lot to buy it for development given so many other choices.

    Bob
     
    Last edited: Oct 12, 2018
  22. John Napoletano

    John Napoletano JohnNapoletano.com Gold Account

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    What I've learned in domaining is to [try to] separate emotions from facts. It's very hard to do that especially here on NamePros. Always seek out the written policies of the Registry and Registrar. Realize some employees are better than others. Notice the two are different .CO Registry vs GoDaddy Registrar. Notice also that the industry is changing and will continue to change.

    "Premium Renewal Model" is that the NEW standard?

    I just took a few moments to look around and found that XYZ appears to have moved away from tiered renewals towards this same .CO model. Who was first, and who is following I don't know. Maybe someone else can find others doing this.

    "Buy It Now" .xyz premiums with $10 renewals!
    What's the deal? Domains in these three tiers have a premium price the first year, but renew at XYZ's standard, always affordable, low-cost of $10.
    https://gen.xyz/premiums

    Look for linkable facts from the sources. Correct people as often as you can here on NamePros or else the confusion will go viral and kill your investments. And beware of those who are purposefully trying to kill your investments!
     
  23. DomainRecap

    DomainRecap Established Member

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    Sure, you can find examples of anything you like, and plenty of new gTLDs shifted to the high renewal fees strategy based on "premium" status, but you don't need to that far - just look at .TV another ccTLD.

    Some of the .TV domains have monstrous renewal fees, and it is the same ccTLD status as .CO.

    And I am not "trying to kill off my investments", it's just that I've never had a good track record with companies who start changing business policies and strategies in a short-term attempt to cash in. What I am really saying is that "I am bothered by what .CO is doing" and "I wonder what other revenue generation plans they have up their sleeves?".
     
  24. John Napoletano

    John Napoletano JohnNapoletano.com Gold Account

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    What do you want me to look at? Please provide one or more helpful links and a brief of the tiers or other info. I'll research once in a while but others need to do some work too.

    In the XYZ Excel file they have 3,000 domains in the new standard tier, 2,000 in the higher tiers. So if I was a CFO and the CEO said I want this one with $55,000 per year annual renewal because it's so cool! I would say really, you want to pay $55,000 x 100 year life or $5,000,000 to be cool? If they insisted I would quit on the spot.

    If you see tiered pricing discussion anywhere do the math in the comments. Assume ongoing company 100 year life. Even though like rent, if it's a 10 year term expect increases, even worse. Keep it simple.

    $55,000 x 100 years = $5,500,000 = Really stupid CFO

    No resale value either! No one will buy it from you, you will have to walk away with all that wasted SEO and social marketing link building effort.

    No offense to anyone. I'm speaking as a former finance professional so when I say stupid I mean the CFO and not anyone here.
     
    Last edited: Oct 13, 2018
  25. John Napoletano

    John Napoletano JohnNapoletano.com Gold Account

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    The 'stupid' comments I would have like to delete but the NP policy doesn't allow me to remove those words. I got carried away.

    My point was that the market currently favors an 'Appraised Value' with 'Financing' for those who don't have the money up front. That's very different vs paying rent forever.

    Registries do very little if anything. They do not generate customer traffic, domain support, hosting, firewalls, much of anything. Registrars currently do offer those services for a fee. The registry as landlord analogy breaks down fast for that reason. When you pay a landlord at say a mall you are getting customer traffic plus customer use of common areas including parking, for example. Tax analogies don't fit either because taxes benefit the towns people. Not the case with registries.

    So if a registry picks up drops and sets an up front fee plus financing that model matches the 'domainer' like market as I see it today. Rent to own, giving a buy out option would work also as long as a 'buy' price is set in advance of registration. Looks like the parties involved haven't thought of a way to do this yet. The registry could finance (it costs them nothing) but collecting payment through a registrar appears to be an issue. Registries do not collect payments directly.

    Lots of good domains names out there for $55,000 x 10 years $550,000 today at 0% financing. $55,000 per year for life may not be a lot for a large company, but, buying into that registry model may not be the best way to go.
     

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