The World Wide Web is an ever-developing platform that generates new possibilities to earn money on the Web. One of these ways is to become a domain name reseller and offer domain names to end users, gaining profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered each and every day, and there are millions of currently active domains, so this is a blooming business niche that you can be engaged in.
TLDs and SLDs
A domain consists of 2 parts - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the TLD and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic TLDs comprise the most popular domain name extensions like .com, .net, .org, .mobi, .info, while the ccTLDs consist of 2-character abbreviations that symbolize each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a gTLD or a country-code Top-Level Domain, has a Registry - an organization that is responsible for the registrations and determines the prerequisites that each particular top-level domain name may entail, among them the duration of the registration period or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the corporations that actually sell the domain name to customers and manage all domain resource records.
Gain Revenue From Reselling Domains
Many Registrars have reseller programs that enable individuals to gain profit from selling domains to end users. If you register with such a program, you can initiate your very own e-business. Usually, a domain will be more inexpensive if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end customer. The cause is that resellers can contact more persons in regional districts or states where the Registrar may not be known at all. This implies more sales for the Registrar, so both parties will benefit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar levies for the domain name registration.
Offer Top-Level Domain Names Under Your Very Own Personal Brand
When you subscribe to a domain name reseller program, you will obtain a web space hosting CP where you can settle the prices for the individual top-level domain names that the Registrar offers. Most companies also offer invoice transaction software and web site skins for your web storefront, and the automation of the entire process combined with the expanding demand for domains make the domain reseller business niche so attractive. You will either obtain a ready-made website and use the Registrar system to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can make your very own personal web site and order form. Commonly, you have the opportunity to choose between the 2 possibilities, so it all depends on how expert you are in these things. As a domain name reseller, you will sell on behalf of your very own brand name and not on behalf of the Registrar's brand.
Earn Cash From Offering Webspace Hosting Accounts Too
A nice supplement to your domain reseller business would be to sell web hosting services too. Thereby, you can offer a package deal to customers who desire to have their online portal and need both a domain and a website hosting package. Certain companies supply such options. With 'ResellersPanel', for instance, you can run a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and charge-free invoicing software to bill your clients. You can then offer domains and shared web hosting plans to customers, and since they offer many diverse domain name extensions, you will be able to offer domain name and hosting services to persons from all over the globe.