Categories
Wholesale

What is Wholesale? Part I

what is wholesale

 

You’ve probably heard of wholesale pricing before and not thought much about it. Flyers will promote wholesale pricing at certain club membership grocery stores or vitamin companies might shout at you during a commercial about wholesale prices. But what is wholesale pricing? The most important thing to know is wholesale pricing is a money saving opportunity. There’s a reason you hear about it a lot in commercials—it’s something to shout about. So you know wholesale pricing is good, but how good and what are the benefits for you?

Read on to learn more.

Wholesale by Definition

Wholesaling refers to the sale from merchandisers to retailers. Think of this as your favorite grocery store buying oranges for them to sell to you. The grocery store is the retailer and the farm that grew the oranges is the merchandiser. The retailer pays a certain amount to the merchandiser for all of these oranges. The retailer of course wants to make a little money when they sell  those oranges to you, so the retailer is going to sell them to you for more than they bought them for. The wholesale price that the retailer paid for those oranges is much cheaper than what you, the customer, will pay in store.

Passing the Bargain to You

Now think of how much cheaper those oranges would be if you could get them directly from the merchandiser (remember, the merchandiser is the farm). This is how we pass the discount of Domain Cost Club on to you. Our prices are at the wholesale level with no markup, which means a great discount for you.

How do we do this?

No Middle Man

We’ve cut out the middle man. In our example of the orange farm, retailer, and you, we explained that the retailer needs to mark up those oranges so they can make a nice profit. Not so with Domain Cost Club. We’ve cut out that retailer and the markup that comes with it. The price for your domain is at cost. You pay what we pay, no markup.

Why Membership

Your membership is what ensures that we can keep bringing domain prices to you at cost. This is just how those wholesale grocery stores work, your yearly or one time membership allows you access to prices that are normally reserved for big retailers. Your membership guarantees you access to the best prices in the business. But unlike those big wholesale grocery stores, there’s one more way to keep your costs low, make your membership free, or even make money from your membership.

Sharing Wholesale Deals

When you get a good deal, you want to tell all your friends, right? What if you could benefit from these referrals? With Domain Cost Club you can. Each time you refer a friend who becomes a member and gets the same great deals you do, you will get a minimum of $25. As you refer more friends you stand the chance to make more money. By just referring 3-4 friends, you can have the cost of the Club Member membership completely covered for you. Learn more about affiliate rewards.

 

Now that you know how wholesale works, start saving!

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Categories
Domains

Domains and Registrars and ICANN, Oh My! Domain Vocabulary and History

domain history

 

It’s easy to get overwhelmed with all the vocabulary associated with domains and websites. Thankfully we are here to help and offer you some easy to understand definitions you won’t find anywhere else. Study this domain jargon and you’ll be feeling like a whiz in no time. Consider bookmarking this post, it will be helpful to revisit.

Domains

Top level domains (TLD) are the fancy name for what you see at the end of your URL bar. This is .com, .ws, .net and myriad other names. The domain is partly a home to your website and partly a tail that your domain can’t shake. That TLD will be at the end of your website no matter what pages you add to it.

Country-code Top Level Domain (ccTLD)

This refers to domains that were originally assigned to countries. These domains are two letters long and were assigned to countries starting nearly 30 years ago. Examples of this are .us (United States), .uk (United Kingdom), and .au (Australia).

Generic Top Level Domain (gTLD)

These are the domains you see most commonly in your browser like .com, .org, .net and .ws. These are the original general purpose domains thats were assigned for people to use for their website outside of ccTLDs. Now they are the most common. Starting in 2013, ICANN began releasing TLDs never before imagined for public use. Now domains like .pizza, .website have joined the ranks of generic top level domains.

Domain Registrar

A domain registrar is a company or organization that essentially manages the reservation of a specific group of names, like. org or .ws. A domain name registrar can manage several different domain names, which is why you can have access to multiple domains through one domain name registrar. However, each different domain grouping is a separate registry. So .coms are one registry, .ws and .org another. Thanks to ICANN, domain registrars have access to these different registries.

ICANN

Domain name registries started to pop up in the 1990s, but unlike today they were able to put somewhat of a monopoly on the market. You could only get certain domains from certain registries. To combat this, the Internet Corporation for Assigned Names and Numbers (ICANN) was formed and forced the creation of a shared registration system, which allows multiple domain name registrars to sell the same domains. So many domain name registrars could offer .coms, .nets, and other top level domains.

Domain Wholesaler

You can see that domains and domain registries is a fairly regulated industry. As such, all domain registrars buy domains at exactly the same price from registries. But for domain registrars to make a profit, they have to charge you, the consumer, a higher price. However, a domain wholesaler like Domain Cost Club offers you domains for the same price they pay for them from registries. You just need to join the club.

 

Looking to get wholesale pricing on hundreds of domains? Click below!

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Categories
Affiliate Marketing Marketing

The Best B2B Sales Technique You’re Not Using

B2B Networking

 

One thing many B2B sales people seem to forget when pursuing a lead is to stop being a sales person and start being a human. Put yourself in your prospect’s shoes. Would you want to be continually hounded and repeatedly told the benefits of a product that have nothing to do with why you may be interested in using it? You are not a nameless online shopper filling your e-cart with goods. You are a potential client or customer of the business, using the product or service for your business. So, here it is: the best B2B (or business to business) sales technique you’re not using is the delicate process of getting to know your prospect on a genuine level, listening, engaging, and crafting your sales pitch around that specific person’s motivations to buy.

Invite them to participate.

Whether you’re the owner of a marketing agency looking to close a client, or an affiliate marketer looking to close a new member of the team, one of the advantages of trying to close a B2B deal is that it is much more personal and on more of a peer-level than B2C customers. Invite your prospect to grab coffee or even play some golf. Get tickets to a sports game or a concert and invite your potential lead along to enjoy. The type of activity will depend on the value of the lead being closed, but the idea is to get some face-to-face time alone with this prospect.

Ask them questions about themselves.

The number one priority of this “get together” is to genuinely learn about this prospect and what makes them tick. What inspires this person or drives them to work hard? What is their personality type and what do they enjoy doing? By asking people about themselves, even family and general questions that are unrelated to your business will get them to loosen up, trust you a little bit more, and think of you on a more friendly, less “salesy” level.

Practice engaged listening.

Don’t just ask questions and forget to listen to the answers or respond with follow up questions that show you are interested. By sharing openly with you, your prospect will be giving you valuable insight into the kind of person they are, why they may or may not be looking for your services, and what kind of tactics you should be using to close them. Once you listen and learn from them, you will know what may motivate them to sign on the dotted line. For example, let’s say you are a member of the Domain Cost Club, and part of their affiliate marketing program. After speaking with a prospect in depth, you come to realize that the wholesale domain prices are much more important to this person who is constantly purchasing top-level domains than the affiliate program itself. In this case, you will know to change your sales approach.

Perfect the “soft sell.”

The word “sell” should be used extremely lightly in this post, as the whole idea is to listen and engage, instead of sell. Once you have gotten to know your prospect and learned valuable insights as to why they are interested in your product or service, you can begin to describe the benefits as they relate specifically to this person. Give concrete examples based on information they have told you as to why this product or service will work for them, or how much they stand to gain based on what they told you they were looking for, specifically. Relate all information back to the prospect personally and back to how you, yourself found value from this product or service. Whatever you do, do not push yourself or what you are selling on this person in the first meeting. Simply explain the benefits and allow them to reach back out with specific questions.

Check back in.

You will want to re-engage your lead multiple times throughout this process. First, make sure to thank them for their time and follow up with some anecdotal stories you enjoyed speaking about. Or, perhaps you discussed something else you could help them with or that you could do together. Make sure to keep your word and follow-up with any necessary details. After a week or so, you will want to check back in regarding your product or service. Ask your prospect if they need any further information and/or reading material to help them in their decision. Offer to set them up with a current or previous customer that could give them an unbiased opinion.

Create urgency.

At the end of the day, people respond better to making decisions if they feel there is a time constraint attached. If your prospect still hasn’t signed, offer some kind of special deal or discounted membership for one week only. Of course, do not be pushy with this approach, simply let them know you are reaching out in regards to this special, because you know they were interested and this would give them a significant discount (or whatever deal you have offered them.) These kinds of activities will passively encourage the prospect to make the choice and close the deal.

Remember, this approach should continue even after the sale is closed. It is just as important to keep the client or customer once you have closed them. Provide continued support and a consistent communication stream. Your client lists should have a “check-in” calendar in which you take into account the satisfaction level they have in regards to the product or service. This will aid in a high retention rate for your business.

You may think this is an extremely time-consuming process to complete, and you’re right – it is. However, you will close more leads with this approach than you ever will with a “one size fits all,” “throw some stuff at the wall and see what sticks” approach. Time and effort are the marks of a truly successful sales person.

 

Are you interested in earning a second income while working from home?

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