If you only own one domain it’s no big deal to make a note somewhere to remind yourself to renew it. But if you’re like most successful webmasters you own hundreds, or even thousands of domains and they all expire at different times. Somebody could make a lot of money if they’d set up an online domain management service.
A lot of people out there don’t realize it, but when you buy a domain name you don’t own it forever. You own it for a specified period of time – usually 6 months, or 1 or 2 years – and then you need to ante up again or your domain will expire. The registrars usually send out one email telling you that your time is almost up but most of the time it just gets lost in the shuffle. Seriously, you can make a lot of money online with your own domain management service.
If you’re the type who likes to organize things there are a lot of webmasters out there who would appreciate your help. Start small so you can set up a completely automated system that’s reliable and then you can scale your business to whatever level you choose.
You’ll want to set up a website first and offer basic domain management options like automatic renewal. Create a system where webmasters can enter all their domain information and either be notified that it’s time for renewal so they can handle it themselves or automate your system so their renewal fees are automatically deducted and used to renew their domain names.
Keep in mind that some domain management services are offered by the domain hosting companies that these webmasters use, so you will have competition for your services. However, you can compete by adding additional services.
Domain parking: There’s good money in providing domain parking services. Webmasters often buy many domain names at a time and they can’t develop them all at once. A parking service offers them a place to literally park their domain and start generating some traffic before they even get started building it out. You could also tack on some promotional or traffic generation services to increase your offerings and help you stand out from the competition.
Domain/Website transfer: Most webmasters who own hundreds of domains don’t have time to be bothered with trivialities like pointing name servers and transferring domains. And transferring websites can be a business all by itself. Add these to your list of services, too.
Database management: Regular site backups are a must and you’d be surprised at how many webmasters don’t have a clue how to do this. Storing those files is also something they never even think about. Just 2 more services you could add to your list.
Web hosting: If you’re going to offer your clients all of these beneficial services, you should also consider throwing in web hosting. HostGator.com and GoDaddy.com both offer reseller accounts that make it possible for you to sell web hosting to an unlimited number of clients without any of the worry or hassle. They handle all the customer service. All you have to do is sign them up.
As you can see, if you’re looking for a profitable online business offering domain management services is a very flexible business model. As I said, you could start small and add in new services to help your rise above your competition and grow your business. Webmasters are always looking for new ways they can automate their workload and once they find someone they can rely on they stick with you forever. And those webmasters all talk among themselves, too. When one of them finds a service they like, word spreads fast.
These are just a few of your options. If you’re good at link building or website design you could add those services, too. In fact, you could even consider outsourcing some services and offer one stop shopping for your clients – everything they need from domain purchases to shopping cart installation, including content!
If you’ve been looking for a unique opportunity to make money online, then a domain management service is definitely the way to go. You unique organizational abilities and attention to detail are your best assets and they’re worth a good deal of money in the busy world of Internet marketing. Of course, the first thing you’re going to need to do is purchase your own domain name so you can start setting up your website.