Domain reselling is being advertised as a very profitable online money making venture. The profit generating potentials of domain reselling are however dependent on making the right choices.
The most important decision that you will have to make is regarding the parent provider whom you will use as the established registrar for your business.
When looking to establish yourself as a domain reseller you should look to work with ICANN accredited registrars. This is one of the most fundamental aspects that can contribute to the success of your reseller business.
Accredited registrars have the capability to provide you the lowest prices for their services. Along with this you will also benefit with professional and advanced support services.
Some of the registrars also offer white label and private-label support services. This means that to your customers it will appear as though you are operating as the sole parent provider which will make them trust you more.
You will be able to find many ICANN accredited registrars on the internet. Most of them are willing to establish partnerships with resellers as it helps them to broaden their business horizons. You wouldn’t want to risk your reseller business by choosing a parent provider which is not ICANN accredited.
The biggest benefit however comes in the fact that you will be able to reap maximum advantages by making minimal investment. This is because ICANN accredited registrars offer you the best pricing which allows you to maximize your profit margin.
You can make a comparison of the various accredited registrars in order to find the best pricing so that you can compete with the established veterans in your industry.
Having the best parent provider and offering high end web hosting services is not enough to ensure your success as a domain reseller. Rather you need to keep an eye out for the promotions that are run by the registrar.
The more your business is promoted the higher the discounts you will be able to avail from your registrar. Furthermore you will be able to satisfy your customers by offering them decent packages which will help to further your online business.
When it comes to operating a reseller business the objective of promotion is twofold. On the one hand you want to get a bigger slice of the market by attracting new potential customers and on the other hand you want to retain the customers that have already opted for your services.
In order to do so however you will need to broaden your business horizons. You should not only look to offer attractive packages to new clients but you should also offer comprehensive advantages for your customers who are in need of renewing their domain name and hosting services.
This will help you to retain your clientele. Another key service that can help you to attract new customers is to offer domain transfer services as a domain reseller.