Business Ideas

Domain reselling business idea

Domain reselling business idea and its Good to see someone who makes unique choices. Let us find out more about domain reselling business idea.

If you are in a job and thinking for a side business with low investment, you can consider this as your business. It does not require any special skill. But exactly it is? We keep coming across various types of domain names. Some are catchy, some are interesting and some are amusing. Domains are actually the address of a particular website. Just like how our addresses are unique, domain names also have to be unique. You cannot find the same domains for different websites. And this only the catch of this business. Whoever wants to start his or her own website has to first think of a unique name for it. The person has to search whether the domain he/she decided has already be taken or not. If not, then the person can register that name for his/her website.

How this is a good business opportunity for you? You can use your creativity to think for interesting domains and can register it by paying for it. That payment is your initial investment in the business. Then you can look for prospective buyers who are willing to purchase the same domain for their online business. You can earn a margin by reselling the domain.

When and how

You cannot consider it as a full-time business as you will not get any rich by doing this business. It is the best option when you are looking for a side business along with your existing job. Or whenever you feel the need of making extra income. The best time to start this business is whenever you feel like doing it.

Talking about how to execute domain reselling business idea, it is very simple. Whenever you get a good idea for a domain name in your mind, look for it on the search engine. Search properly unless you are convinced that your idea and there is no other domain matching the same. You will automatically be prompted to register that domain. You have to pay an amount to register your domain idea.

Now the question is how to resell it. Well, your domain idea has to worthy of it. It has to be marketable enough for someone to be ready to pay you for that. Keep the following points in mind:

  • Keep the domain name short
  • Do not use jargons in it
  • Avoid such names that resemble any other existing one
  • Do not make long domain names.

 

About the author

BusinessUpdater

An MBA in HR and Marketing from AIMS Institute (Bangalore University), He heads digital business he has a rich experience that he has garnered from his previous organisations Including leading Banks, NBFCs & Genpact India. He is a serial entrepreneur and the founder of Heavy Group of Companies.

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