To many service providers in the Web Presence business, Domain reselling is a component of their lucrative web hosting/ web design & development business. Domain reselling is rarely thought of as the whole and sole business or source of income as many believe it has very low margins and is too commoditized. So, is that all there is to the business? Are domains always just a sideshow? We think there could be more to domains than meets the eye.
If low margins are discouraging, and the naysayers are proclaiming a dying industry, take a look at the profile of brands that are weighing in for Domains Names and the Web Presence industry. This could change your perspective entirely. Banks, corporations and huge business entities are lapping up the new TLDs, switching from the legendary .COM. Reliance Industries moved from .COM to its very own .JIO, the world’s 4th largest bank, BNP Paribas moved to .BNPPARIBAS and even the No. 1 bank in the United States, JP Morgan Chase is moving to .JPMORGAN.
Reliance plans to use up 200 second-level domains for different business & departments such as www.retail.jio, www.petroleum.jio etc. With huge entities like these who’ve spent billions building an empire & easily a few million more on these gTLDs, it’s hard to ignore the potential value in the new extensions.
Hollywood too, seems to be embracing the gTLDs with open arms. On our social media pages, we recently shared a news piece on The Hunger Games franchise who was the first in the industry to utilise the .MOVIE domain to launch their new websites www.TheHungerGames.movie. Music sensation, Lady Gaga also registered her website with a non-dot-com domain – www.BornThisWay.foundation.
So, is domain reselling a business opportunity you should consider? Most definitely! It’s no longer a number game. Not only are industries, individuals & small & large businesses all moving to the gTLDs but with the .COM domain names running out, the gTLDs may be the best bet.
Companies, large and small are indulging in the domain reselling business. Late last year, Infibeam, an Indian e-commerce company launched the new gTLD, .OOO, probably a first for an eCommerce company in the world. According to CEO, Vishal Mehta, they aim to reach 1-2 million .ooo domain registrations within 12-18 months of their launch. Infibeam has become India’s first gTLD registry!
If you too want to get on the domain reselling bandwagon, join us at ResellerClub & get the best prices in the industry right here! We’ve got as much as 91% off on TLDs so you have a great profit margin.
Also, check out our previous articles on Top 5 Tips to Boost Your Domain Reseller Business and 5 Biggest Advantages of Domain Reselling with ResellerClub for tips & tricks from us!
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