Sayun
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People who are following modern technology are referred to as smart and updated people. Most of the experts on latest technologies prefer online businesses since they are living on the planet of the domain.
Getting profit from the field of domain administration is not easy as most of us are thinking. Some of the business experts might get a healthy profit from domain name business, but still most of the entrepreneurs find this process as difficult. The people who manage domain name service and getting profit from that are typically called as ICANN Domain Registrars. The role of Accredited Domain registrar is to register domain names and providing domain name related services to the public.
To start up an ICANN Accredited Domain Registrar, it’s very essential to recognize and follow the already defined process.
ICANN Accredited Domain : Knowing about ICANN domain registrar while planning for business is the important step to consider. Every certified Domain registrar in this business world must be accredited by Internet Corporation For Assigned Names and Numbers (ICANN) to become a registrar for Top Level Domain’s(TLDs) like .com, .net, and more. Getting accredited by ICANN is not for registrar’s profit, it is designed for the customer’s benefit which have the responsibility for providing a unique identifier to all the computers connected the internet across the world.
Investment: Expenses needed to become a domain registrar are considered initially.
Application Fees: Registrar should pay $3,500 as an application fee.This is a one time fee which is non refundable at any time concern.
Scheduled Fees and Dues: Administration of ICANN will charge quarterly or monthly according to the convenience of registrars. For small business Registrars, the fee will be ranges up to $1500 once in 4 months. The fixed annual accreditation fee will be $4,000. After this payment transaction a registrar has become an accredited legally.
Income to Registrar: By approximately calculated, it is estimated that each registry(customer who buy domain names from the registrar) has to pay $9 for .com an it will vary depend upon registrars and an extension. Likewise, the registry has to pay for each action like registration, renewal, transfer process.
Documentation Review: After completing the payment, registrar should respond to the ICANN team’s questions with the specific answers and appropriate documents. Once they finish the documentation review, application form and other necessary inquiries; they will inform to the registrars regarding the approving process through email.
RAA and RDE Agreement: Once the application gets approved, the registrar need to sign in an RAA (Registrar Accreditation Agreement) with ICANN by paying an accreditation fee. An agreement is valid for 5 years, which include all other necessary details required for registrars.
Along with that registrar should sign in the agreement of RDE (Registrar Escrow Agreement) with Iron Mountain- ICANN’S designated Escrow agent, a third party provider. This agreement will help registrars to provide gTLD registration service to their customers.
These steps are considered as the last step in the ICANN registrar accreditation process.
Getting profit from the field of domain administration is not easy as most of us are thinking. Some of the business experts might get a healthy profit from domain name business, but still most of the entrepreneurs find this process as difficult. The people who manage domain name service and getting profit from that are typically called as ICANN Domain Registrars. The role of Accredited Domain registrar is to register domain names and providing domain name related services to the public.
To start up an ICANN Accredited Domain Registrar, it’s very essential to recognize and follow the already defined process.
ICANN Accredited Domain : Knowing about ICANN domain registrar while planning for business is the important step to consider. Every certified Domain registrar in this business world must be accredited by Internet Corporation For Assigned Names and Numbers (ICANN) to become a registrar for Top Level Domain’s(TLDs) like .com, .net, and more. Getting accredited by ICANN is not for registrar’s profit, it is designed for the customer’s benefit which have the responsibility for providing a unique identifier to all the computers connected the internet across the world.
Investment: Expenses needed to become a domain registrar are considered initially.
Application Fees: Registrar should pay $3,500 as an application fee.This is a one time fee which is non refundable at any time concern.
Scheduled Fees and Dues: Administration of ICANN will charge quarterly or monthly according to the convenience of registrars. For small business Registrars, the fee will be ranges up to $1500 once in 4 months. The fixed annual accreditation fee will be $4,000. After this payment transaction a registrar has become an accredited legally.
Income to Registrar: By approximately calculated, it is estimated that each registry(customer who buy domain names from the registrar) has to pay $9 for .com an it will vary depend upon registrars and an extension. Likewise, the registry has to pay for each action like registration, renewal, transfer process.
Documentation Review: After completing the payment, registrar should respond to the ICANN team’s questions with the specific answers and appropriate documents. Once they finish the documentation review, application form and other necessary inquiries; they will inform to the registrars regarding the approving process through email.
RAA and RDE Agreement: Once the application gets approved, the registrar need to sign in an RAA (Registrar Accreditation Agreement) with ICANN by paying an accreditation fee. An agreement is valid for 5 years, which include all other necessary details required for registrars.
Along with that registrar should sign in the agreement of RDE (Registrar Escrow Agreement) with Iron Mountain- ICANN’S designated Escrow agent, a third party provider. This agreement will help registrars to provide gTLD registration service to their customers.
These steps are considered as the last step in the ICANN registrar accreditation process.