NameSilo registering .com went from $6.99 to $8.99

[NameWell]

I was very happy with NameSilo until this happened. All of a sudden overnight they switched.com domain price from $6.99 to $8.99. No warning, nothing.

How do others feel about this?

Does anyone know any discount codes?

 

[Rob Monster]

I was very happy with NameSilo until this happened. All of a sudden overnight they switched.com domain price from $6.99 to $8.99. No warning, nothing.

How do others feel about this?

Does anyone know any discount codes?

As for why NameSilo raised the price, this was entirely predictable. The Versign unit rebate program eventually becomes an unattainable treadmill the moment where a registrar fears they can no longer beat the quarterly quota from the previous year. It is a mathematical certainty when it comes to new registrations.

As I have stated before, the big question for NameSilo is whether they can refinance the debt through an equity issuance before the debt (a current liability now) comes due. If they can do it without tanking the share price, they have a sustainable enterprise.

https://seekingalpha.com/symbol/URLOF/cash-flow-statement#figure_type=quarterly
https://seekingalpha.com/symbol/URLOF/balance-sheet#figure_type=quarterly

Looking at the daily trading volume, there are tough odds for a major equity issuance. Theoretically a reverse split followed by an uplisting onto a major exchange would help with trading liquidity. A lot of early institutional money recently exited out of Godaddy and may reinvest back in the sector. It could happen.

If I had to bet, my prediction is that the company will be sold within a year. They have a good brand, capable people and a significant customer base. Alternatively I could see a scenario where the debt holders will end up owning the company. The debt is unserviceable from operations.

 

[SuperBrander]

@NameWell Dynadot.com. $5.99/domain till the end of the month. No code needed.

 

[Abdillahi Abdillahi]

As for why NameSilo raised the price, this was entirely predictable. The Versign unit rebate program eventually becomes an unattainable treadmill the moment where a registrar fears they can no longer beat the quarterly quota from the previous year. It is a mathematical certainty when it comes to new registrations.

As I have stated before, the big question for NameSilo is whether they can refinance the debt through an equity issuance before the debt (a current liability now) comes due. If they can do it without tanking the share price, they have a sustainable enterprise.

https://seekingalpha.com/symbol/URLOF/cash-flow-statement#figure_type=quarterly
https://seekingalpha.com/symbol/URLOF/balance-sheet#figure_type=quarterly

Looking at the daily trading volume, there are tough odds for a major equity issuance. Theoretically a reverse split followed by an uplisting onto a major exchange would help with trading liquidity. A lot of early institutional money recently exited out of Godaddy and may reinvest back in the sector. It could happen.

If I had to bet, my prediction is that the company will be sold within a year. They have a good brand, capable people and a significant customer base. Alternatively I could see a scenario where the debt holders will end up owning the company. The debt is unserviceable from operations.

PS - For NamePros members, it is still $8.49 at Epik for all-inclusive, full-service and no-nonsense .COM for registration, renewals and transfers. Steady Freddy.

They were recently bought by a big company right?

 

[Rob Monster]

They were recently bought by a big company right?

They were acquired by Brisio Innovations and taken public on a small stock exchange for micro-caps. See here.

 

[Rob Monster]

@NameWell Dynadot.com. $5.99/domain till the end of the month. No code needed.

I would say, go absolutely big-time on that, and then in a year, transfer your keeps to Epik. In the meantime, you can add any domains you have at any registrar to Epik for free and use our tools for DNS, forwarding, parking and marketplace. We may have to approve you for parking external domains. Just add your domains to Epik.com first and then email [email protected] with your NamePros handle for the upgrade.

By the way, this does not hurt Dynadot. They apparently have enough forward momentum from this quarter to be able to take advantage of the Verisign unit rebate program. The only entity who is theoretically hurt is Verisign. Verisign has plenty of cash and their shareholders like unit growth. I am pretty sure Todd Han does not mind helping the industry get free cash from Verisign.

So, have at it. Everybody wins.

 

[NameWell]

Interesting discussion and insights. Thanks to everyone who replied.

 

[NameWell]

I didn't realize that $6.99 price was only a temporary promo offer since it was available for several months and there was no info about the ending date. Dynadot, for example, has a very clear statement that $5,99 price is a temporary promo offer and it will last from April 1st till April 30th. That's fair. It's a common practice to clearly state the ending date of the promo offer. What NameSilo did doesn't seem fair to me.

Anyways, I was researching Dynadot and found this thread: https://www.namepros.com/threads/dynadot-down.1130133/ Raises some doubt.

 

[carob]

I didn't realize that $6.99 price was only a temporary promo offer since it was available for several months and there was no info about the ending date. Dynadot, for example, has a very clear statement that $5,99 price is a temporary promo offer and it will last from April 1st till April 30th. That's fair. It's a common practice to clearly state the ending date of the promo offer. What NameSilo did doesn't seem fair to me.

Anyways, I was researching Dynadot and found this thread: https://www.namepros.com/threads/dynadot-down.1130133/ Raises some doubt.

You might want to read about the Dynadot account lock risk too:
https://www.namepros.com/threads/dynadot-refusing-to-unlock-account-what-are-my-options.824770/

 

[carob]

I didn't realize that $6.99 price was only a temporary promo offer since it was available for several months and there was no info about the ending date.

It is true it does not say on the site when the promo will end, sometimes it is for a limited number of domains in total. I've been caught out before when it ends.

I found this in an email they sent about one of these promos:

There is also no limit on the number of domains you can register for this
promotion, however, we will only be running the promotion while our allowance of
domains is available. We envision this promotion lasting at least a few weeks.
As always all add-ons such as WHOIS privacy, email forwarding, etc. are entirely
free.

You can see the normal prices and renewal prices at https://www.namesilo.com/pricing.php - they do stick to those prices they say, and in my experience they do.


Dynadot prices appear to be stable and transparent. Uniregistry were offering a special private rate to NP members, then after people moved there, the price went up and you had to pay Uniregistry a fee similar to Godaddy's Discount Domain Club to still get reasonable prices. If you consider moving to Epik, remember that the public prices are very high and the lower prices privately offered to NP members could change at any time, as happened at Uniregistry. Also Epik is in a very unusual political and religious position - you can read about that here: https://www.namepros.com/threads/whats-going-on-with-epik-and-rob-monster.1128748/