The Cost Of Doing Business Online Is Going Up And It Has Nothing To Do With Inflation

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While it may not seem like a big price increase, .com domain registrations and renewals are going to go up 6.9 percent. That’s likely just the beginning thanks to the sweetheart deal the company that owns a monopoly on .com registrations, Verisign, received from the Trump administration in the form of a no-bid deal that also removed decades long regulations that capped how much they could increase prices year to year.

Moving forward, the company can increase costs at whatever rate they wish without fear of regulatory blowback. What’s worse, the no-bid deal automatically renews every six years so getting previous protections in place will be extremely challenging.

This is just one of numerous changes that made the operating digital platforms more expensive and less competitive. Fortunately for nonprofits, a similar effort that would have handed over registration of .org addresses to a private company that could raise rates as they please failed.

With all the inflation driven cost increases, it’s frustrating to see something motivated by nothing more than backroom deals making the cut deeper.

About Drew McManus

AvatarIn addition to my consulting business, I'm also the Principal of Venture Industries Online but don’t let that title fool you into thinking I'm just a tech geek. I bring 20+ years of global broad-based arts consulting experience to the table to help clients break the cycle of choosing one-size-fits-none solutions and instead, deliver options allowing them to get ahead of the tech curve instead of trying to catch up by going slower.

With the vision of legacy support strategy and the delights of creative insights, my mission is to deliver a sophisticated next generation technology designed especially for the field of performing arts. The first step in that journey began in 2010 when The Venture Platform was released, a purpose-designed managed website development solution designed especially for arts organizations and artists.

For fun, I write a daily blog about the orchestra business, provide a platform for arts insiders to speak their mind, lead a team of intrepid arts pros to hack the arts, lead an arts business incubator, and love a good coffee drink.

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