How to Start Domain Reseller Business?
In the world of internet, there are several ways of earning online. Among many others, Domain Reseller Business is a lucrative business since its beginning. Now a days, every other brand is opting for digital presence.
Thus, they need specific domain name. In other words, in cyber world, this business will guarantees huge profits margins.
However, if you are beginner it will be little bit risky to start without prior knowledge. So here we will offer you Step by Step Guide to start Domain Reseller Business.
Who is Domain Reseller?
Domain Reseller is serve as a mediator. It buys domain names in bulk from sellers and then put it on sale. It is often offered by Domain Registrars.
Your platform serves as a store for domain seeking individuals. However, you may or may not act as platform for others to sell their products, other than your owned.
What should I Consider Foremost?
The foremost thing to consider in this business is who your target audience is. You need to research about it and a lot of it. This research will actually help you in determining the choice of domain name. In other words, you will get an idea about the demands and nature of your target audience.
How to Choose Valuable Domain Name?
Name of domain makes it valuable. It is the key player for sound business. Firstly, try to opt in particular .com extension. There are several other namely .org, .net, .edu and may others. But.com is well-known and remains in-demand.
Afterwards, your domain name depends upon the niche. Keep check of the market trends. You must have knowledge of upcoming ventures in your specific niche. Furthermore, opt for geographical based extensions. It will also help you a lot and offers more profit margin as a whole.
Thus, in this way wisely choose a domain name. Key factors that count in domain name are discussed below
Length: It shouldn’t exceed from 6 characters. The shorter, more better.
Keywords: Particularly, if domain has keyword related to your industry, it will serve as cherry on the top.
Branding: name that can used as brands costs higher for reselling.
How to Determine Value of Domain Name?
The most important step in running a domain name selling business is determining the value of your product. Keep in mind the actually buying cost while determining the cost as you will need to focus the profit ratio as well. You can evaluate domain name cost through following ways
Self-Appraisal: determining it yourself can be bit risky
Comparison: You can look for other similar domain name price.
Professional-appraiser: An experienced and pro-person knows better than amateurs.
How to Market Your Owned Domain Names?
After buying, the main step is to let people know that you own this domain name. For that purpose, you need a website. Not just ordinary platform, but you have to make it user-friendly and systematic. It should have simple panels and clear guidelines. You need to get a domain reseller account as well.
Furthermore, you can advertise about your business specifically trending domain names on different platforms. Keep an eye for clients on such platforms who are in need of respective domain name. Thus, in this way you can provide your website.
Am I Perfect for This Business?
If you are looking for quick doubling of money. Then, this is not for you. It requires time and patience, actually a lot of it. Since, individuals will only buy when it needs it. Usually people do not buy it for fun-purpose, unless and until it is in particularly involved in this business.