Now they couldn't reduce prices and runn all those ferraris on the same pricing could they ..?
And I suspect most people still think they are somehow the only "offical" registrar due to the "whois" effect ..
ie; before you buy a name you do a "whois" ..when you type "whois" you get to netsol pages ..if what you wanted for your name isn't owned already you tend to register it where you are "chez" netsol ...
if it was registered you tend to search the "similar" whilst still staying at netsol ..when finally you find what you want you buy it where you are "chez" netsol ...
PS ..in my personal experience if you dont register it in the following ten minutes they "netsol" will do so and then auction it ....
Where I am even the French call it the "Woooiz" and go straght there to checkout a name idea...
My 2cts
I have two accounts where I try and fail each year to get it done before the renewal deadline. The reality is that if you value your time at more than $5.00 per hour its cheaper to pay their fee.
That's why netsol costs so much and why businesses stay with them.
For netsol, downsizing and trimming the fat is hard to do, because their company was not set-up to be nimble. As Leosghost said, they still have to cover the lease on the ferraris they bought when they were the only show in town.
Businesses stay with them for two reasons:
1. As expensive as they may seem to you and I, they still don't cost much compared to things in the offline world. Therefore most companies stick with them because it ain't broke.
2. People don't know they have an option. I spent over 2 hours just yesterday trying to explain to a client that hosting is a separate cost from buying a domain name.