The World Wide Web is an ever-expanding system that offers new ways to earn cash on the Internet. One of these ways is to be a domain name reseller and sell domains to end customers, generating profit from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domain names are registered each day, and there are millions of currently active domain names, so this is a blooming business niche that you can become a part of.
Top-Level and Second-Level Domains Names
A domain name contains two entities - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the second-level domain name.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The generic Top-Level Domains comprise the most common domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains contain two-character abbreviations that denote each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic or a country-code TLD, has a Registry - an institution that tackles the registrations and determines the requirements that each given TLD may entail, among them the duration of the registration period or the residency of the registrant. Certain Registrar firms work under the Registry. These are the firms that actually sell the domain name to customers and manage all domain name resource records.
Gain Money From Selling Domain Names
Numerous Registrars have reseller programs that permit individuals to make money from offering domain names to end customers. If you subscribe to such a program, you can kickstart your very own personal Internet business. Usually, a domain will be more inexpensive if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end user. The reason is that resellers can reach more customers in areas or states where the Registrar may not be known at all. This implies more sales for the Registrar, so both sides will cash in on that. Your profit will be the difference between the price that the user pays and the one that the Registrar levies for the domain registration.
Offer Domain Names Under Your Own Personal Brand
When you sign up for a domain name reseller program, you will obtain a website hosting CP where you can select the prices for the individual top-level domain names that the Registrar offers. Most firms also provide invoicing software and website templates for your web shop, and the automation of the whole process together with the proliferating demand for domain names make the domain name reseller business so alluring. You will either obtain a ready-to-use site and make use of the Registrar platform to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can set up your own online portal and form for placing orders. Normally, you have the option to select between the two possibilities, so it all revolves around how advanced you are in these matters. As a domain reseller, you will work on behalf of your own personal trademark name and not on behalf of the Registrar's brand.
Gain Profit From Offering Site Hosting Services As Well
A good addition to your domain name reseller business would be to sell web hosting solutions as well. Thus, you can give a package deal to customers who desire to create their web page and need both a domain and a web page hosting account. A number of firms supply such options. With 'ResellersPanel', for instance, you can manage a VPS or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost billing transaction software to bill your clients. You can then sell domains and shared hosting accounts to clients, and since they offer a lot of diverse domain name extensions, you will be able to provide domain name and hosting services to clients from all over the world.