Dear friends!


Yesterday, I was thinking to talk to the SiteLake owner about launching a domain reseller business.

Could you guys please guide me how to become a domain registrar like GoDaddy?

Thanks!

Sincerely,
- Rick J.

Got a few million for a Super Bowl commercial with a girl with breast implants? ;)

Do you want to be a registrar, or a reseller of a registrar?

How much budget do you have to get started?

Most people would say to become an enom ETP reseller or a directi reseller.

Search on these names and you'll see some other names, like openSRS, etc.

I don't know much about it but I would imagine that it would be very very hard :|

Got a few million for a Super Bowl commercial with a girl with breast implants? ;)



hahaha Nice question! Haven't got so much, and if you talk about that girly thing.. then I'll say a big NO. lol

We can invest approx $50,000. Is it too less? lol Actually, I am unaware how does this domain registrar system works that's why started a thread. :D

Please guide me what should we do? Can we stay in the market with this little investment? :-/


Your suggestions are welcome! :)


Sincerely,
- Rick J.

$50K works, but you'll need $70K sitting in a bank account to meet one of the ICANN requirements plus $20K to work with until the accreditation's processed. As a registrar -- not a reseller -- you'll be in control of your own destiny. If you're serious about wanting a solution, PM me. (Forum rules don't allow us to discuss certain things that could be seen as self-promotion.)

There's one link you must review: http://icann.org/registrars/accreditation.htm

Good luck!

Thanks a lot for the link, Stan!

I am reading the registrar registration process at the moment.

Thanks again!


- Rick J.

You can just get resellers from GoDaddy and eNom. As far as I know you can choose your own prices.

It's a very confusing business though.

very interesting if you own a domain registrar

It's doesn't only require money for the application process, insurance fees, icann fee, registry owner fee but also :

1. Money for the web application you will create to run the registrar site
2. Time. You need in average 10-15months so that icann can approve your application if everything goes ok and you didn't make any mistake at the application form/related papers or the software implementation

BUT most important of all these is that you need multiply amount of money (compared to the original amount to get the license and operate) for marketing. As you can imagine we're talking about few cents per domain in today's domain market. So the key is volume and the volume can't be acquired if you are not known

Many licensed registrars sell their license before they even launch their sites. Apart the prestige of the licensed company serious investors would examine very carefully this business

Tip : You don't need only $50K if you can imagine that only the custom registrar software cost, is near to this amount (the software developers know you have budjet to start this business). There are current big registrars that rent their software solutions for a fee per month + a fee per registered name

I would advice to keep your money for marketing and use a reseller's option from any respected registrar

I would advice to keep your money for marketing and use a reseller's option from any respected registrar


I wasn't agree with your other paragraphs, except the one in quotes because I have been researching about this topic since last 5 days. I've collected every data regarding the software costs and ICANN fees, the registration approval time and such other stuffs.

I CAN'T be a dumb fool signing up for GoDaddy domain reseller accounts. They charge lower to their direct customers than GoDaddy resellers. In this way, they are sucking their reseller's blood.

I've tried Directi and ain't satisfied with their system. They can be cheaper than others but SiteLake believes in super service quality.

So eNom is fine for me. If I am gonna be a domain reseller, I'll love to sign up for eNom reseller program and depositing my $25,000 in the reseller account. This way, I'll be able to spend more on promotions.

Thanks for your advice!

- Rick J.

For the registrar business :
i would advice to search a bit more than 5 days if you're really interested. It took us 2 months to get all little details directly from company executives, current accredited registrars, software developers and others. Even if you research it a lot more the results will be the same. "Reseller is stress free"

As for enom reseller issue :
Don't try to get the best reseller price with this big deposit

How fast you can sell this domain pack ?
Do you have customers already that will acquire a large portion of the pack

I believe it will be better to start a bit more expensive and build customer base first, before you put a large deposit to your enom reseller account

I would agree with domnom. You might want to check also http://nicline.com and http://resellone.com as eNom alternatives.

I would agree with domnom. You might want to check also http://nicline.com and http://resellone.com as eNom alternatives.

Thanks again, Stan!

I'm researching more about this registrar/reseller stuff. Thanks for providing the urls! I am currently reviewing NickLine.com's service.


- Rick J.

How fast you can sell this domain pack ?
Do you have customers already that will acquire a large portion of the pack

I believe it will be better to start a bit more expensive and build customer base first, before you put a large deposit to your enom reseller account


Thanks for your advice!

As far as making a strong customer base is concerned, we can use our web hosting backend to promote domains. we'll not be being cheaper than GoDaddy. We're thinking to add gift packs with each domain sale.

We'll be promoting our domain business using both online and offline advertising resources as we did with our web hosting service launch.


Thanks again for your inputs and advice!

Sincerely,
- Rick J.

My presumption was that marketing would be tied to another business, like web hosting. That seems to be the case here.

While it's far cheaper to be a reseller, being a registrar is the only way to have true, total control. And what I said before stands: you can do it for $90K, and have $40K -- or more -- to work wiith once the accreditation's done.

That 70K liquad assets is nice isnt it? hehe How many that have posted here, are in that same area (ICANN registered for registrars)?