Hello,

Everyone in the domain or the web hosting industry is aware of the price increase .COM. If not, keep reading to know more. We have tried to delve into aspects such as the reasons behind the pricing strategy, impact & business model.

On February 9, 2023, Verisign, the company that manages .COM, announced a new price hike of 7%. This is the second price hike in the past two years, and it is expected to take effect on September 1, 2023.

The news has received some criticism from businesses and individuals who use .com domain names. Some people argue that the price hike is unfair, as it will disproportionately affect small businesses. Others argue that the price hike is necessary to cover Verisign's rising costs.

Verisign has defended the price hike, arguing that it is necessary to ensure the long-term stability of the .com domain. The company also argues that the price hike is still relatively low compared to other top-level domains (which is kinda true).

The .com price hike is a reminder of the increasing cost of doing business online. As the internet becomes more popular, the demand for domain names is also increasing. This is driving up the prices of domain names, and we will likely see more price hikes in the future.

Here are some of the reasons why Verisign is increasing the price of .com domain names:

Increasing costs: this is happening due to factors such as the need to invest in new technologies and security measures.

Increasing demand: The demand for .com domain names has been increasing in recent years, due to the growth of the internet and the rise of e-commerce.

Competition: Verisign faces competition from other domain name registrars, who are also increasing their prices.

The .com price hike is likely to have several implications for businesses and individuals who use .com domain names. Such as:

Increased costs: the customer will have to pay more to register and renew their .com domain names.

Less choice: some registrars may choose to exit the market due to the higher prices.

Increased competition for Verisign: The higher prices may encourage the registration of alternative domain extensions. Resellers can take this as an opportunity.

Overall, the .com price hike is a significant change that will have many implications. It is important to be aware of the price hike and to plan accordingly.

Best Regards,

6 Degrees Hosting.