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Are Domain Prices Going Up?

Started by fefGrossy, Aug 03, 2024, 12:31 AM

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fefGrossyTopic starter

It's time to update the domain names, so I checked one of my provider's and found this message:
Since September, we have to change the prices for international and foreign country domains. This action was taken due to a big rise in the expenses of international registrars and partners caused by the fluctuation of the national currency's value.

Please be aware, the price adjustment affects not just the registering of new domains, but also the renewal of current ones, along with the transfers and recovery of domains.


Are prices really going up worldwide, or did the company just choose to make more profit during a crisis?
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fosmithereyt

The fluctuation of national currencies is a real factor that can impact the cost of domain registration. Many international registrars work with various currencies, and when a nation's currency experiences significant changes in value, it can lead to increased operational costs.

However, companies often use such situations as a reason to raise prices, even if the actual need isn't as severe. It's common in the business world to take advantage of crises to boost profit margins. In this case, the communication from your provider suggests that the price adjustment is a response to rises in expenses, but it also very likely allows them to increase their profit by aligning their pricing with the current market trends.

When looking at this issue on a global scale, it's clear that some regions may experience price increases due to economic conditions and the associated risks for providers. But other regions may not see the same surge, which leads to inconsistencies in pricing across different hosting services. It's essential to shop around and compare prices as some companies might still be maintaining their rates despite market fluctuations.
While there are valid reasons for some price adjustments in domains, it's always wise to remain skeptical. Understanding the balance between genuine costs and profit maximization is key for anyone investing in online presence. Keeping an eye on currency trends, along with finding reliable vendors, can help minimize impacts on your budget.
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lilmbinkil

I would say it's crucial to use hosting services for your websites and manage domains through registrars instead of mixing it up the other way around.

Honestly, why should it matter what choices a company makes or what discussions are happening in forums? It's all about ensuring your sites are well-supported and up and running smoothly.
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horauphoche

Lately, the cost of certain gTLD domains has started to increase worldwide. If the company decided to adjust their pricing on a global scale, it is within their rights to do so; making a profit is a legitimate business practice.
It's interesting how market demand can influence pricing strategies. Sometimes, adapting to changes is necessary to stay competitive, even in domain registration.
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