Namewinner sent out an email to customers today announcing they are raising their minimum bid from $15 to $40 starting Friday. Existing customers will get a lower rate,but it still more than triples from $8.75 to $30.
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Not great names but I got a lot of good ones at that price that have produced some great profits over the last couple of years. It's a sad thing to see the costs continually spiralling to the moon for domain investors. Guess I am another step closer to spending most of my time developing!
Sounds like NW will either put itself out of business with this move or improve their service. Either way, one of their best features was the low price and now they are increasing it by a lot more, so we'll see what happens...
I understand needing to raise prices over time but 3 times the current charge is ridiculous. Customers know your doing fine now and gauging them like this doesn't give a warm fuzzy feeling. Bad move IMO.
I also do not think it is a good move, I was getting some good names with traffic for $15.00 each and would buy 5-10 at a time... but now with the prices going up I will have to become a lot more selective on the domains I will be buying...
Not sure why they think they have to raise it by 3x , Makes me wonder if they are getting greedy..