Starting Your Own Business: The Business of Domain Reselling

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A domain reseller is someone who buys domain names from domain registrars and sells them afterwards to clients for profit. This business is becoming more and more popular as the popularity of domain registration rises. Most of these resellers offer their clients a much simpler interface which makes registration, renewing, and transfer of domains simple and quick. Though the interface is usually linked to a domain registrar's system, clients will still have complete control over their domains. Sometimes, resellers also offer hosting packages that can be accessible from the user's interface.If you plan on becoming a domain reseller, you need to find a domain registrar accredited at ICANN. ICANN is the acronym for International Corporation for Assigned Names and Numbers, which is a non-profit organization founded in the year 1988 to oversee various Internet-related tasks previously done by the Internet Assigned Number Authority (IANA). Basically, ICANN is the corporation responsible for domain names, IP addresses, and other related tasks.There are plenty of benefits for a domain reseller. Since what they do usually involves purchasing domain names off domain registrars at discounted prices, they have the option to resell them for much cheaper prices compared to the original prices set by the domain registrars. Customer privacy is a good feature since most of these domain resellers do not directly contact their customers contrary to what a domain registrar does, in which they try to sell their customers other products and spam their customers' email inboxes.If, for example, a person does not really plan on becoming a full-fledged domain reseller but wants to resell his domain, then there are two main ways to be able to do so. First, he can look for a buyer and second, he can sell his domain through a company or organization.Here are a few tips to help you make your way on the domain reselling business.1. Make sure to choose domain names which have high selling potential. Research on which names would be more likely to make it to market sales. Most of the names you could use are those are frequently searched on search engines.2. Spend some time promoting and marketing your domains. Start making use of the Internet to be able to make your domain reselling business known. Make use of other websites like Facebook, Twitter, Linkedin, and many more. There might be potential buyers and business owners who are in search of cheaper costing domain names.3. A great way to get free exposure for your domains is by listing them as for sale on forums and online marketplaces. Make sure the prices are affordable so that sales are much easier to attract.4. Create a domain portfolio website since it will be a valuable asset to you as a domain reseller. It should be friendly, informative, and professional-looking.5. Target end users as this could help you make it big within the industry. Make use of search engines to see what businesses or niches are currently making it big on the Internet. This will help you become updated and chances are you will be able to get to popular domain names first.
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