The Internet is an ever-developing platform that provides new options to earn money on the Web. One of them is to be a domain name reseller and offer domain names to end customers, making profit from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domain names are registered every day, and there are millions of currently functioning domains, so this is a thriving business niche that you can be a part of.
TLDs and SLDs
A domain name consists of two parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic Top-Level Domains include the most widespread domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names are made of 2-letter abbreviations that symbolize each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic TLD or a country-code top-level domain name, has a Registry - an institution that administers the registrations and determines the requirements that each particular TLD may include, among them the length of the registration period or the residency of the registrant. Certain Registrar firms work under the Registry. These are the companies that actually offer the domain name to customers and manage all domain name resource records.
Earn Cash From Reselling Domains
Numerous Registrars have reseller programs that enable individuals to gain cash from offering domains to end users. If you subscribe to such a program, you can start your own personal web business. Usually, a domain will be more inexpensive if it is registered through a reseller rather than if it is bought straight from the Registrar by an end customer. The cause is that resellers can reach more clients in provinces or countries where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both sides will profit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar requires for the domain registration.
Trade Top-Level Domain Names Under Your Own Trademark Name
When you subscribe to a domain reseller program, you will have a webspace hosting CP where you can determine the prices for the separate Top-Level Domains that the Registrar offers. Most corporations also provide invoice transaction software and web page templates for your virtual shop, and the automation of the whole process combined with the proliferating demand for domains make the domain reseller industry so desirable. You will either receive a ready-for-use web site and use the Registrar system to sell domains, or they will give you access to their API (Application Programming Interface) so that you can make your very own personal site and form for placing orders. Generally, you have the option to pick between the two options, so it all revolves around how accomplished you are in these things. As a domain name reseller, you will do business under your very own personal brand name and not under the Registrar's brand.
Make Cash From Supplying Hosting Plans As Well
An excellent addition to your domain name reseller business would be to sell web hosting solutions too. In this way, you can offer a package deal to users who would like to manage their web page and need both a domain and a web site hosting plan. Particular corporations offer such options. With 'ResellersPanel', for example, you can order a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-charge invoice transaction software to charge your customers. You can then offer top-level domain names and shared website hosting accounts to clients, and since they offer many diverse domain name extensions, you will be able to offer domain and hosting services to persons from all over the globe.