Should You Renew your Domain?

Will you ever use it again?
What if someone else buys it?

Updated: April 10, 2021
By: RSH Web Editorial Staff
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Losing your Domain Name can be a big lose to your business, your brand, and your reputation. This could also leave it open to being re-registered. Then possibly used for malicious purposes

Put in the wrong hands it could be used to spread malware or to gain access to users personal information. Or think about your Competitors grabbing your expired Domain Name

Why Renew Your Domain Name

Domains are more important than you might realize. They are in affect your online identity and represent your business. And a good Domain gives your business credibility and sets it apart from generic websites. It will inspire customers trust. Will help with SEO efforts. Your domain is the single point of contact for people and your digital business development and marketing. When you receive a renewal notice for your Domain there are a few questions you should ask yourself before letting the domain name expire

Will I Use this Domain Name Again?

Nobody likes to pay for something they are not using. But with Domains this is different. Domain Names are completely unique. It is not just a simple thing if you decide you want to use the domain again. Someone else probably already has eyes on your Domain and is just waiting for it to expire. Recent studies show more than 85% of expired domains are re-registered with in days. Domain names are not expensive in todays market. And paying that small renewal fee can be a good insurance policy in case you decide to use the domain name in the future

Could It Be Worth Money to Someone Else?

Expired Domains are highly valued. After a Domain has been registered and used, it can provide a history of established site traffic and backlinks. This will make it valuable to many companies and competitors. Millions of dollars of pre registered domain names are bought and sold each month

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Top 15 Most Expensive Domain Names

According to NameCorp.com

Whisky.com sold for $3.1 million in 2014

Vodka.com sold for $3.0 million 2006

Toys.com sold for $5,100,000 in 2009

Voice.com sold for $30,000,000 in 2019

Shop.com sold for $3,500,000 in 2003

Tesla.com sold for $11,000,000 in 2018

Hotels.com sold for $11,000,000 in 2001

Software.com sold for $3,200,000 in 2005

FB.com sold for $8,500,000 in 2010

Korea.com sold for $5,000,000 in 2000

Wine.com sold for $3,300,000 in 2003

California.com sold for $3,000,000 in 2019

Candy.com sold for $3.0 million in 2009

Pizza.com sold for $2,605,000 in 2008

Loans.com sold for $3.0 million in 2000

Your domains may not be worth this much. But before you let your domain expire consider if someone else might want to buy it. Even a couple of hundred of dollars would be a nice plus

You can auction off your domain name or list it for sale on domain marketplaces like Sedo.com and Afternic.com. It can take time to sell a domain. so we suggest starting the process of selling those domains well before renewed is needed

Domain Name Search

Find out your expiration date by typing in your Domain below
Look for "Registrar Registration Expiration Date:
Or search for a new Domain before someone else snaps it up

What if Someone Else Buys Your Domain

This is probably the most important question. You may decide you will never use that domain. Maybe it was a domain you registered just to protect your website. Or maybe it is a personal Domain to show off your new born grand children? You may not need it now, but how would you feel if someone else owned the domain you used?

People are Waiting to Snap Up Domains that Expire

They often use algorithms to determine which domains to re-register when they expire and this could include a domain that had meaning to you. They will then try to resell the domain and or will put ads on the Domain while they wait to resell it

Hidden Costs

Many Domain Registrars rely on the fact that almost everyone will not read the fine print. Be sure to check what the renewal rates are. Some inflate the renewal rate and they try to persuade you into buying more than what you need or want

Protect your Privacy

Because Domain Name details are public record in the WHOIS and RDAP directories. Most businesses choose to keep their personal information private. Public data is susceptible to being mined by spammers and scammers. All domain registrars should offer Privacy Protection for free. Beware of those who charge a premium for “Whois Privacy”

Transferring a Domain Name

If you might be looking to transfer a Domain to save on renewal fees. Or for any other reason make sure you start the transfer at least 30 days before expirations. 60-90 days is preferred. We have seen some Registrars put a "Domain Hold" for 40 days preventing any change or transfers

RSH Web Services offers inexpensive pricing for both new and domain renewals

Register a New Domain Name today

Renew Your Domain Name

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Glossary of Domain and Internet Terms

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COMMENTS


David B
Very informative post, I read your posts all the time to enhance my skills, Regards

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