Higher .com/.net fees? Big whoopie!
Today, Verisign announced the increase of their fees for registering/renewing .com/.net domains. Per contract, they are allowed to increase the fees up to 7% annually. No such increase occured in 2009.
My response: big whoopie.
To those domainers among us with no long term memory; there was a time registrations cost $50 per year with a 2 year minimum.
A 50 cent increase in registration/renewal fees means an increase of costs by $50 per 100 domains, $500 per 1,000 domains or $5,000 per 10,000 domains annually.
Renewal fees are qualified business expenses.
Now it’s the time – for those of you that haven’t already done so – to incorporate and take advantage of the benefits of a corporation or an LLC.
At the same time, consider using a CPA professional for doing your taxes as they will assist you with your strategy to maximize expenses and better manage your revenue.