If you’re thinking about selling domain names, then you have probably already asked yourself if domain reselling is profitable. And although you might expect a simple yes or no answer, there is a bit more to it than you might think. So for now, let’s say that ‘it depends’ and talk about what you need to do in order to make domain reselling profitable.
How does domain reselling work?
Before you find out how to make money off of domain reselling, it’s important to know what it’s all about. Reselling domains means working with a registrar that operates with the different registry operators that control TLDs. Now, you could skip the middleman and directly do business with the registry operators, but that would mean a whole lot of extra work. You have to realize there are more than 1,500 TLDs out there and that number keeps growing. If you had to deal with each and every one of them, arranging price deals, promotions, and so on, you wouldn’t have any time left to sell the actual domain names.
This is where registrars come in. They do all the work with the registry operators for you, so you can focus on selling the best products to your customers. At Openprovider we are ICANN accredited for all the big TLDs and we keep updating our portfolio. If you decide to do business with us, you’ll have more than 1,000 different TLDs at your disposal to make sure that your customers get exactly what they are looking for.
Become a domain reseller and don’t pay a dime
In order to make domain reselling profitable, you’ll have to make sure that you don’t spend too much money on setting up your business. The good news is that you can become a domain reseller with little to no capital investment.. Yes, you heard right! It’s absolutely free.
However, you might want to invest a small amount of money into getting a good website so you can catch those fish out there looking for domain registrations. And to get the most out of that investment and increase your profit you can read our ROI Guide for Domain Resellers!
Once you have a decent amount of customers, you’ll need to revise and optimise your content strategy, as it’s one of the pillars that every business leans on.
All done? Now your domain reselling business has every reason to succeed and, no matter how high the waves, nothing can stand in its way. Just make sure to stay ‘competitive’ by constantly updating and improving the products and services that you offer your customers.
What are the best practices for a domain reseller?
At Openprovider we have your best interests at heart and have created our membership plans to help you achieve your goals. They come in all shapes and sizes, making it easy to find the right one for you.
If you’re just starting your business, you might want to consider the Basic S membership plan. However, if your domain reselling business is thriving, you may want to take a look at our Supreme plans. But let’s have a look at the perks of becoming a member of Openprovider.
Every one of our members gets, not one, but all of the following benefits:
- Domains at cost price and exclusive discounts. You pay what we pay for top domains and get exclusive discounts for other relevant products (SSL certificates, Plesk and Spam Experts).
- A comprehensive, centralized platform. Life made easy. All your products and services in one place.
- Expertise in domain transfers. Efficient and fast domain transfers to get all your domains under one roof.
So let’s say you get a .com domain as a member. To begin with, you’ll pay $8.03 for the registration instead of $8.95. After the year is over, renewing it will only cost you $8.03 as well. As seen in the comparison between Openprovider, Enom and Godaddy, you will end up paying only half thanks to your Openprovider membership. Think of all the money you’ll save!
On top of the low cost domain registrations, a membership gives you unlimited SSL certificates and big discounts on Plesk and Spam Experts, among other things.
What is there not to like? You will be offering your clients the cheapest domain registrations on the market as well as giving them the best service they can ask for. With a business model like that, don’t be surprised to blow the competition out of the water AND your customers’ minds while you’re at it!
So, is it worth it or not??
If you play your cards right and you choose the right partners to do business with, then domain reselling can be a very profitable profession and absolutely worth your while!.
You have to make sure that you can offer your customers the best of the best. That is why we recommend getting an Openprovider membership plan as soon as possible.
What are you waiting for? Take a look at our membership plans and find the one that suits your business best!