1. Establish a Legal Entity
2. Research the domain name industry, including trends and key players
3. Choose a business model (reseller, registrar, etc.)
4. Purchase necessary software, hardware and services required to start the business
5. Negotiate the best rates with ICANN accredited registrars, registry operators and other providers
6. Attain a TLD accreditation from ICANN
7. Set up your domain registration system, including merchant accounts for payment processing
8. Establish relationships with hosting companies and other industry vendors
9. Develop a customer acquisition and retention strategy
10. Create marketing and promotional materials
11. Establish a website to advertise the business
12. Become knowledgeable about applicable laws, regulations and policies related to domain registration
13. Monitor industry news and remain up-to-date with changes in technology and processes
14. Set prices and establish payment plans
15. Provide customer support services