Domain Reselling is the buying domains with the intention of selling them for profit
. However, this does not mean that a domain reseller will buy a website, develop and host it and then sell it for profit. A domain reseller is like an agent or representative of a company selling domains. People who want to build websites find it difficult to find domain names of their choice. Hence it is easier to go to a web hosting firm or online marketing agency and trust them to find you a desirable domain name. A domain name reseller will purchase a domain name from domain registrars and sell them to a client. The reseller either gets commission from the registrar or makes a margin on the price paid to buy the domain.
Domain Name reselling is a low cost way of entering the market. Most web hosting companies today are either domain registrars or domain name resellers. Any individual or company can be a domain name reseller.
One can approach ICANN to become a domain name reseller. ICANN is an international company that regulates the domain name industry. It has guidelines for agencies and needs you to have a certain level of assets. Once you become a reseller, you get registrations at a lower cost. You can also tie up with Domain Registrars that are recognized by ICANN and that sell reseller packages. You need to register with a web hosting company for a reseller account so that you can host the domain names and resell them. Like everything else, even reselling of domains needs sound business practices, marketing and hard work. It also involves investment for buying domain names. Domain name resellers are growing day by day. Although it sounds straightforward, every domain name reseller does not earn profits.