The Secrets Of Generating Profit Reselling Domains

Many people have built a lucrative online business by reselling domains

. There are already millions of domains out there and the market is expanding all the time, with new domain extensions appearing on the scene regularly. Let us have a brief look at the domain reseller market.

One of the major reasons why this can be such a good money making opportunity is the fact that you will also get commissions on renewals. You will get your share every time someone buys a new domain, as well as every year after than when he renews his domain name. Not only that, but most registrars with an affiliate program will also pay you a commission when one of your customers transfers a domain to them.

When you are evaluating registrars before choosing an affiliate program, attempt to locate one that doesn't charge a fee every year. The profit margin on domain names is not very big, and every cent you have to pay per year goes off your profits. So unless the registrar has particularly low prices for their affiliates, you should try to eliminate the yearly fee.

While you are selling a domain name to a customer, there's often also the opportunity to sell a host of related services to him. If the registrar offers these type of services, they should pay you a commission on selling them as well. We are talking about things such as security certificates, email addresses and even website hosting here.

An important consideration when selecting a particular registrar is the width of their selection. Most registrars offer the well-known top level domain extensions like . Net, . Com and . Org. In the expanding Internet market this is not enough, however. You should also be able to offer international domains such as . Co.uk (Britain) and . Eu (Europe), as well as the domain extension for your own country.

Often a registrar's affiliate system will work like this: they determine the price at which you have to sell, you get a percentage commission on every sale. Other registrars sell the domain names to you at a wholesale price and you can determine the price you want to sell at yourself. This system is more flexible, since it allows you to adjust your selling price to market conditions and what your competitors do.

The registrar will usually set up an affiliate URL for you. All you have to do then is to promote that URL. Technically speaking, you can therefore get away without having your own website. It is nevertheless better if you have a website of your own where you could do some pre-selling before sending the buyer to the affiliate URL.

As far as advertising is concerned, you have all the normal options. You could go for a pay-per-click system, but since the profit margins on domains are not very high, you will have to select one of the lesser known and therefore cheaper search engines. Free advertising options, such as classified ads, social media websites and social bookmarking sites should also be explored. Reselling domains is like any other business - you should never spend more than a percentage of what you make on advertising.

by: Marvin Dreyer

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