procoder
Level X3
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We all know what reseller word mean, and we also know that reselling it’s a profitable business same as selling. Now, these last days I’ve been thinking to set up something new, actually I wanted to expand my services and to experiment a little with some new services, with “experiment” I want to say that I’m thinking to set up some new services more for testing purpose in sense that I need to see how it goes, it could be a fail or success, but without trying it’s hard to say, right now it’s just an idea.
They both could be very profitable, I’m not afraid of starting or managing it as a business as I’ve enough knowledge I think, but the only fear is that as any other business in the beginning you have to make some investments to put it alive, and another thing that is stopping me is that I don’t have enough time.
Have you ever tried to resell one of those two services?
What are your thoughts on this?
All your opinions are valuable…
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I would go with both services but are you sure that you have the necessary resources to transform it in a viable business?
[quote]I would go with both services but are you sure that you have the necessary resources to transform it in a viable business?[/quote]
Yeah, I'll just go ahead and sell both services, because you can't have one without the other. Plus, you're saving future potential customers time by having the two services in one place. The only issue is, is those giant competitors. What will make your business better? Why would customers go to your website to purchase domains and hosting? You need to form a business model before you get started and find out what those other providers don't have that you can add.
Not only that you need to think about server costs, and how much profit you'll actually make. Do you think you would be able to cover your monthly expenses? Just some things to focus on. Good luck with whatever you do though. :)
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Domain or Hosting reseller? Who is more profitable?
In fact, most of these big names today all started as an idea someone had. Following an interest or passion and kills and knowledge they had in Internet technology / websites / domaining / hosting etc etc.
[quote][size=140]Domain or Hosting reseller? Who is more profitable?[/size][/quote]
Domain reselling is much more valuable as there are many more purchases for domains being made every day than there are for hosting. Most people buy hosting that allows them to use multiple domains with it. So they only really buy it once and subscribe to some plan that gives them a lot of features, b/w, storage space, unlimited addon domains etc. And then every time they buy/register a new domain, they use their current hosting plan to host the site for it. And the actual domain hosting itself is done either with the registrar they purchased the domain from or it can be migrated to another registrar. But you'll have to use your own name server addresses with them.
But there's still a lot of money to be made in reselling hosting as well. There are more people getting online today. And more people becoming webmasters than before and the number is growing. So there are always people that will need domain and web hosting. The only thing with that niche is that there are some very big players in it that have cornered the market that you'll be competing with. The like of [b]NameCheap [/b]and [b]GoDaddy[/b], [b]BlueHost[/b], [b]HostGator[/b], [b]iPage[/b], [b]Name [/b]and [b]1&1[/b] etc. Obviously, there are many more as well. And many more smaller domain and hosting registrars, services and sites online you can find in many different countries around the world.
So you'll be starting off as a very small fish in a big wide ocean that's full of whales and megalodons. But it's not to say that in time, you can't grow and become a big fish as well! :D In fact, most of these big names today all started as an idea someone had. Following an interest or passion and kills and knowledge they had in Internet technology / websites / domaining / hosting etc etc.
If you create a good brandable domain name and start providing domain and / or hosting reselling from it. You can grow and expand in time and with enough happy customers, with the right SEO and SMO to get you "out there" and noticed amongst the many others that have big budgets for such things. Then you can in time, maybe, become as big as them as well.
I would imagine all of the successful domain and hosting resellers and registrars of today thought positively like that about it from the start. So if it's something you want to do, don't even think twice about it. This is what you was born for! :D
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RaduV
I am talking about TIME, MONEY and KNOWLEDGE (here you've got it covered). I am sure that you will have to deal with a lot of newbie customers that will require assistance for any problem. A while ago I had bought my host from HostGator and my domains from Namecheap and GoDaddy and I can assure you that for any minor task, I was calling the Support. I was a pain in the XXX and I realise now what a time consuming task it is for the clerks working there to sit and fix everybody's problems. Well you might give it a try. In any new endeavour you have to take a leap of faith and give it your best. I would go with both services but are you sure that you have the necessary resources to transform it in a viable business? I am talking about TIME, MONEY and KNOWLEDGE (here you've got it covered). I am sure that you will have to deal with a lot of newbie customers that will require assistance for any problem. A while ago I had bought my host from HostGator and my domains from Namecheap and GoDaddy and I can assure you that for any minor task, I was calling the Support. I was a pain in the XXX and I realise now what a time consuming task it is for the clerks working there to sit and fix everybody's problems.
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