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The Pulse Of The Hosting Industry
The domain name industry is all abuzz today (or will be soon) with the launch of a new service called NameJet. The service will compete in the $75 million/year “deleting domain name” business - when someone doesn’t renew a domain name it goes through a lengthy expiration process and is eventually spit back out to the market. 25,000 domains delete daily on average, and a lot of those (about 8%, to be exact) are immediately re-registered by domain speculators.
A number of companies compete to get those domains and then resell them via auctions. The most successful was a Portland startup called SnapNames, which won largely because they locked up agreements with the big registrars to get exclusive access to deleting domains. SnapNames and its competitors would then auction off deleting domains, generating an average of $100 per domain (with some going for $100k or more).
A number of companies compete to get those domains and then resell them via auctions. The most successful was a Portland startup called SnapNames, which won largely because they locked up agreements with the big registrars to get exclusive access to deleting domains. SnapNames and its competitors would then auction off deleting domains, generating an average of $100 per domain (with some going for $100k or more).
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