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It's not always true. Last year I have registered 66 domains at 0.31 euro at one of names.co.uk sister companies, so a total for around 20$. During the first year, I have sold 3 names to end users for xxx, I have sold around 10 here on namepros for an average of 24$ per name and I will renew around 15 of them. The rest of them some I will drop and a few I will transfer to a small registrar for less than 1$, just in case. In the end a good ROI with a small risk.thats what you get when you want to be smart and register domains for £1
They want to charge £10 per domain name to transfer out. WTF!!! Is this even legal??
Trapped me with £1 domains as a promo.
Renewals £19.99
Transfer out £10 + other registrar fee.. FFS
AVOID