Domain Questions

[domainboom]

I have been thinking of starting a reseller domain site using the godaddy reseller plan that costs 230$/year

I have a few questions i don't seem to be able to understand.

1. the domains are being regged using my site through godaddy ??
2. What price should i sell the domains at?
3. Is this a profitable business?
4. any hidden things i should know about?

 

[shockie]

based on the questions you're asking, i would say that you're not ready to start reselling domains. it's a very competitive business, and to really make a dent by using wwd you'll need to reduce prices a lot, and possibly to the point where you yourself are losing money. i don't recommend it as a standalone business, but it could be considered if you're looking to register a lot of domains anyway.

[note: i also don't recommend that you go register a lot of domains at this time.]

1) yes.
2) you probably won't find one that will be profitable for you.
3) for godaddy it is, not so much for you.
4) read the first paragraph i wrote.

 

[Vito]

based on the questions you're asking, i would say that you're not ready to start reselling domains. it's a very competitive business, and to really make a dent by using wwd you'll need to reduce prices a lot, and possibly to the point where you yourself are losing money. i don't recommend it as a standalone business, but it could be considered if you're looking to register a lot of domains anyway.

[note: i also don't recommend that you go register a lot of domains at this time.]

1) yes.
2) you probably won't find one that will be profitable for you.
3) for godaddy it is, not so much for you.
4) read the first paragraph i wrote.

^^^ I agree 200% with THIS post! ^^^

Read, Read, Read,
then buy very little,
then
Read, Read, Read again.
There are alot of Brilliant people here.

Good Luck to you!