27 Dec '11, 7pm

Mike Mann: “I Am Buying 100,000 Domains Per Year”

Mike Mann posted on his Facebook wall today that he is planning on buying another 100,000 domain names a year; “I am buying 100,000 .com domains per year one at a time for less than they are worth.” “Same as at BuyDomains.com but now DomainMarket.com, about 300K and counting so far.” “Pay the Mann.” 100K new domains a year is a lofty goal. At 300,000 domain names Mann’s DomainMarket.com is already carrying an annual renewal fee of at least $2.4 Million at the prices which will go into effect on January 15th, 2012 (wholesale Verisign price of $7.85 + ICANN fee of $.18). For every 100,000 more domains Mike buys, it will add will add another 800K in annual carrying costs. Of course under Verisign’s contract with ICANN, it can continue to increase prices 7% in every 4 out of every 6 years, meaning additional price increases will be forthcoming on an endless basis. To see what ...

Full article: http://www.thedomains.com/2011/12/27/mike-mann-i-am-buyin...

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