Yahoo to sell domain names

updated 1:24 p.m. ET Aug. 19, 2004

SAN JOSE, Calif. - Yahoo Inc. plans to start selling Internet domain names Tuesday as part of its expanding services for small businesses.

The Sunnyvale-based Internet giant, which already has Web hosting, Web site designs and business e-mail service packages, will now also have a stand-alone domain name product for $9.95 a year to compete against other providers, Register.com, Network Solutions and The Go Daddy Group.

Yahoo wants a piece of the lucrative market, citing how more than 50,000 domain names are registered worldwide daily at prices between $9 to $35 a year. And about 10 million of 23 million small businesses in the United States still don't have a Web site, according to Rich Riley, Yahoo's general manager and vice president of small business services.

"We want to create a one-stop shop for them," Riley said.

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