There are a number of businesses you can consider when planning to make a living. However, if you are planning to earn your bread through online business, then you will have to be innovative in the way you think and plan your business. Sure, there are many ways to make money online but there is nothing like being a domain and hosting reseller business. Most business establishments prefer to set up their own website in order to promote their products and services online. However, they prefer to register their sites cheaply and hence seek the services of a reliable reseller who offers affordable solutions.
Who is a Reseller?
A domain reseller can be a person or a firm that signs up and buys domain names in bulk from a domain registrar and then resells it to their customers for a profit at a later date. Since the reseller purchases the domain names in bulk, he is able to buy them at very low rates. Then the reseller sells these domain names to his customers at a price determined by him and in the process makes a good profit. The reseller business has become so popular these days that domain registration prices have gone down drastically.
Setting up the Business
If you want to set up a reseller business, it should not be a difficult problem at all. The best way to do this is to find an ICANN approved domain registrar who offers reseller plans. Buying from an ICANN approved domain registrar not only enhances your business credibility but also increases your reputation in the market place. However, buying from an approved registrar will not help you become successful. Instead, you will have to come up with additional support services along with attractive packages. This will not only help you attract new customers but also retain your old and existing customers too. Apart from these, you also have to come up with innovative marketing strategies to promote your business efficiently and profitably.
Hosting Reseller Business
A Hosting Reseller may be defined as an individual or a business that offers its hard drive space or allotted bandwidth to host third party websites. After buying the web host’s services at wholesale rates, the reseller sells it to his own customers at a higher profit margin. Further, the reseller sells hosting services by utilizing resources that belong to other hosting firms. This means your reseller operates his business by using infrastructure, equipment and other allied services that belong to another web host. However, most resellers use dedicated control panels that enable them to not only manage their customer accounts but also every aspect of their reselling business in an efficient manner.
Choosing the Best Reseller
Choosing the best reseller hosting firm is important if you want to enjoy better services and affordable rates. In order to find the right reseller, browse through various hosting sites online and see what programs they have to offer. Since there are many firms offering reseller packages out there in the market place, ensure that you research thoroughly before determining a reseller. Lastly, the choice you make will determine how successful your reseller business is in the market place.