Domain names have become like household items on the web. Many people have them, while even more want them. This had led entrepreneurial owners into the business of purchasing and reselling domain names for profit.
Affiliating yourself with an established domain registrar is a profitable solution for the webmaster with several domain names under their belt. It offers a great opportunity for anyone looking to make money on the web. Here’s how it works:
Due to mass popularity, many domain name registrars now offer reseller packages to any interested individual or business. If the prospects are accepted, they then have the power to register domains at discounted prices via the parent ICANN approved registrar. From there, they can then resell them to customers looking for specific domain names. In most cases, the established registrar will handle all the critical functions such as registering the name and customer support. As a reseller, your goal is essentially to line up more business for the registrar. While the buyer pays their money to the reseller, and may even access a control panel from the reseller’s site, the actual domain is registered with the parent registrar.
Here is a perfect example of how domain reselling works: Yahoo and Earthlink both provide their own down registration services. While you can successfully register a domain name through both companies, they are not the parent registrar. That title belongs to Melbourne IT, an ICANN approved registrar that backs services for big name companies such as Yahoo and Earthlink.
Lowering Domain Fees
After purchasing domains at wholesale prices from the parent registrar, resellers are able to set their own prices, passing the savings along to new customers. This has become a very successful trend to say the least. With these discount prices and stiff competition among resellers, prices of domains have been driven down from nearly $40 to as low as $5.95 and counting.
ICANN Approved Resellers
While domain reselling is a hot business to jump into, you should never sign up with the first company claiming the ability to offer this kind of service. If they are not approved as an official registrar or reseller, attempting to resell domains through them could get you in a lot of trouble.
Enom and Wild West Domains are two of the most known ICANN accredited registrars that employ individuals and businesses to market their domain names. Resellers working for these two companies are very reliable and typically offer great prices.
Getting A Piece of The Pie
If you plan to register multiple domains for yourself or your company, you can make out nicely by reselling them for an established registrar. As a reseller, you can buy domains at a discounted price and make a profit by selling registrations to others. Programs at Wild West Domains start as low as $ 99 - that’s all it takes to get started with our own domain name reseller business. You can function as your very own registrar and the more registrations you sell, the more money you make. Whether you’re looking to make a profit or simply save a few bucks on a hot domain name, a domain reselling service may be something worth looking into.
September 10, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment