Can you sell reserved Instances?
Table of Contents
- 1 Can you sell reserved Instances?
- 2 Can you sell RDS reserved Instances?
- 3 What are reserved instances?
- 4 How do I cancel AWS Reserved Instance?
- 5 Is reselling illegal?
- 6 How do you become a cloud reseller?
- 7 What is reserved instance in AWS?
- 8 What are the advantages of using Reserved Instances over On Demand instance?
Can you sell reserved Instances?
Reserved Instances can be sold after they have been active for at least 30 days and once AWS has received the upfront payment (if applicable). You must have a US bank account to sell Reserved Instances on the Reserved Instance Marketplace.
Can you sell RDS reserved Instances?
Reserved Instances for other AWS services, such as Amazon RDS and Amazon ElastiCache, cannot be sold. There must be at least one month remaining in the term of the Standard Reserved Instance.
Can you resell AWS?
The AWS Solution Provider Program (SPP) helps you to resell and deliver AWS Services to end customers as part of your unique offerings. This program is designed for system integrators (SIs), Managed Service Providers (MSPs), value-added resellers (VARs), and public sector organizations.
What are reserved instances?
Reserved instances is a discount billing concept in which business can obtain significant discounts compared to standard “On Demand” cloud computing prices in return for committing to a specified level of usage. Financially, Reserved Instances can be of significant benefit to businesses with steady workloads.
How do I cancel AWS Reserved Instance?
After you purchase a Reserved Instance, you cannot cancel your purchase. However, you might be able to modify, exchange, or sell your Reserved Instance if your needs change. For more information, see the Amazon EC2 Reserved Instances Pricing page .
How do Reserved Instances work in Azure?
Azure Reserved Instances are a way to reduce Azure costs by committing to a one- or three-year term for a virtual machine, in exchange for a discount of up to 72\% compared to pay-as-you-go.
Is reselling illegal?
Generally, it’s not illegal to resell a product. Restrictions normally come from the platform themselves and not the manufacturer of the company. The truth is that most brands are safe to resell. You’re just not allowed to claim “brand new” or “straight from the manufacturer” because that just wouldn’t be true.
How do you become a cloud reseller?
There are requirements to become a Certified AWS Reseller, but the benefits in the way of discounts and visibility are worth the effort….Here’s what’s required in 2017:
- 2 AWS Certified staff.
- 2 customer references.
- 2 trade references.
- $1,000/month in AWS charges.
- Business-level or higher AWS support contract.
Why are spot instances cheaper?
As a cloud provider, they must have spare capacity available for any surge in customer demand. To offset the loss of idle infrastructure, AWS offers this excess capacity at a massive discount to drive usage. That is why spot instances pricing is so affordable in comparison to EC2 pricing on demand.
What is reserved instance in AWS?
An Amazon Reserved Instance (RI) is a billing discount that allows you to save on your Amazon EC2 usage costs. When you purchase a Reserved Instance, you can set attributes such as instance type, platform, tenancy, Region, or Availability Zone (optional).
What are the advantages of using Reserved Instances over On Demand instance?
Save Money and Maintain Flexibility RIs provide you with a significant discount (up to 72\%) compared to On-Demand instance pricing. You have the flexibility to change families, OS types, and tenancies while benefitting from RI pricing when you use Convertible RIs.