MMX (Minds + Machines) is delighted to announce that it has a large revenue from .VIP premium domain – up to $2.8 million in just 10 days.
From June 2017 to September 12, 2017, only the income from the .VIP domain name sold to Chinese investors reached $3.4 million, equivalent to 7,000 domains. Of which, 82% – 2.8 million USD is revenue in the first 10 days of September. Estimated cost per domain .VIP premium averaged $485.
Earlier, in late July, 2017, MMX also announced that the .VIP domain name had a very high renewal rate, up to 75% after its first year on the market.
In mid-August 2017, the .VIP domain became one of the first three international extensions (with .SHOP and .LTD) officially recognized by the Beijing Public Media Administration and put into competition on the Chinese Internet market.
From mid-November 1977, MMX will officially launch .VIP domain name with Chinese characters in Chinese market.
MMX currently manages 27 extensions with a total of about 1 million domain names. In particular, .VIP domain names already occupied more than half, more than 600,000 domain names; followed by .WORK (98,318), .London (72,775) and .BAYERN (31,312). Statistics from namestat.org.
Toby Hall, CEO of MMX, said in a recent speech that MMX is slowly building a sustainable business platform, developing strategic new extensions to increase renewal rates and bring benefits. long leap for the company. Typical example is the .VIP domain name, hit directly into the Chinese market.
The .VIP domain was officially launched on May 17, 2016. Since then, this extension is very popular in China. Currently, 607,860 .VIP domains are registered successfully for only $6.99 per year.