Still on the Business from home series! This week, I am going to expose you to another profitable online business; its just like real estate. But before I go into the details, I will like to react to some feedbacks I got from the last ACeditions on this series.Never be deluded by information you got in the past about online business, for instance, that you can start an online business with zero naira and make a fortune over-night. To do a serious online business Ahome, it requires investment and some good capital to start, depending on the size. Besides, you may need to do some consultations or buy some business reports about the business from expert(s) in the field. It is part of the due diligence you need to do before you start a new business.Hence, whatever I write here is not for all, but for some few that wish to create a line on product (Business Solutions) online.Lets press on!About domain & hostingIn a lay-mans term, domain name and hosting business is like the real estate you are used to. Anybody, who dreams to build a house, must know that he has to buy a land with C of O. The same thing applies to domain and hosting. To occupy an identifiable place on the Internet, you must buy a domain name; i.e. www.yourname.com and also host the domain in order to put your own information online.I am sure that you need not be told that we are in the Information Age, many businesses and individuals are moving online, hence they will need to buy a space online. To do this, they will need you if you can position yourself online as a domain name and hosting solution provider.Starting a domain name & hosting businessStarting a web hosting business can be a daunting task. But, the current pace of web development makes it simple as well as easy to understand business in web domACain.The easiest way to start your own domain name registration business is to simply partneAAr with a reliable domain name provider. Undoubtedly, an established domain name provider will give you registry accreditations and with that, you can manage multiple clients, and control your customers directly and independently from your home office.Once you have made the contact and established a relationship with the domain name provider, you can go about finding clients in search of a domain name.Domain name & hosting business: Skills neededThe beauty of a domain name registration business is that once you have made the connection with the domain name provider, be rest assured that the technical aspect of the business will be taken care of.Your main skill in running a successful domain name registration business will be skill in sales, as you will need to find clients in need of a domain name, and satisfy them with your services.Domain name & hosting business: RequirementsApart from your computer connected to the Internet, you will also have to research and then choose a reliable domain name provider who will give you registry accreditations to start registering domain for your customers. I had these challenges when I was forming www.prettyservers.com. So research and consult, you will not make mistakes that can frustrate you out of the business.Besides the aforementioned, there will be initial investment to sign up with the provider.You will also consider the cost of the server, cost of added control panel, cost of billing system, advertisement and sales promotion activities and cost of support services. But one has to take into account the fact that when they are just starting the web hosting business the server will be empty. Therefore, you need to be proficient in business management, so that you can effectively organize your billing, clients and your revenue.Investment & profitabilityApart from the cost of developing a website and setting up a billing system to take your domain registration and hosting orders, you may not need more than N50,000 to start this business from ground-floor. However, if you are dedicated to making the business a success, you can turn this initial investment into N200, 000 in less than six months. Lets say you buy a server space of 20,000 MB at N40, 000, and you slice it into 200. By market standard, you can sell each account for N1, 000 per year.Lastly, do your due diligence before you invest in this business. Till next week, start selling something!
Click here to read full news..
