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After you sign up for a regular hosting account you just let them know you want to be a reseller. They'll set you up with Webhost Manager, and you can sell accounts for whatever price you want. They charge you 25% less than what you would normally pay for the account, and whatever the difference is yours to keep.
For example, if you sign up for their $10 a month account, you pay $10 a month. If you resell an account for $10 a month, they charge you $7.50 a month, and you make $2.50.
They don't charge you a monthly fee for the privilege of being a reseller and you don't have to buy plans in advance.
I've signed up a few people, but mostly friends and family. It's pretty easy.
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