Every cent matters

I have received an email from GoDaddy today, which kind of made me think about how small things matter. Here is a quote:

Dear Leonid Mamchenkov,

The Internet Corporation for Assigned Names and Numbers (ICANN(R)) recently agreed to reduce their Registrar Transaction Fee from $.25 to $.22. What does this mean for you?

Good news. You have been credited $.03/yr for each domain name you registered or renewed dating back to July 1, 2006* — $1.02 has been placed into your Go Daddy(R) account

For non-technical folks among you, here is a quick explanation. Whenever anybody registers a domain name (such as mamchenkov.com or google.com), they pay some money. $0.25 USD of those money goes to the organization called ICANN, which controls domain name distribution. Recently, ICANN decided to charge a bit less – only $0.22 USD. So, all those people who registered any domain names since July 1st, 2006 should get a refund of $0.03 USD for each domain they registered.

Who cares about three cents, right? Well, not that many people do. But here is a good example of how small things build up. I am not a domain name king by any measure. I just have a few domains here and there. But even with me, those three cents per domain built up into more than a dollar ($1.02 USD).

Those people who have thousands of domains are experiencing an uncontrolled feeling of joy right now…

One thought on “Every cent matters”

  1. Hello i also recived this from Go Daddy. I only have 2 domains but you say good examples litle thing can grow. I like this site!

    Greting from Croatia!

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