The World Wide Web is an ever-flourishing network that furnishes new opportunities to make money on the Internet. One of these opportunities is to be a domain reseller and offer domains to end customers, earning profit from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domain names are registered each day, and there are millions of presently active domain names, so this is an increasing business niche that you can be a part of.
Top-Level and Second-Level Domains Names
A domain consists of two parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The generic TLDs comprise the best known domain name extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names contain 2-character abbreviations that correspond to each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a country-code TLD, has a Registry - an organization that tackles the registrations and determines the preconditions that each particular Top-Level Domain may impose, like the length of the registration term or the residency of the registrant. Certain Registrar corporations work under the Registry. These are the companies that actually sell the domain name to clients and handle all domain records.
Make Profit From Trading Domain Names
Lots of Registrars have reseller programs that permit individuals to make money from selling domain names to end customers. If you register with such a program, you can start your own e-business. As a rule, a domain will be cheaper if it is registered through a reseller rather than if it is bought directly from the Registrar by an end client. The reason is that resellers can contact more individuals in provinces or states where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both sides will capitalize on 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 Name
When you register with a domain reseller program, you will have a site hosting CP where you can determine the prices for the different Top-Level Domains that the Registrar offers. Most companies also provide invoice management software and design themes for your online store, and the automation of the entire procedure combined with the towering demand for domain names make the domain name reseller market so desirable. You will either obtain a pre-developed website and make use of the Registrar system to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can make your own personal website and form for placing orders. Commonly, you have the opportunity to pick between the 2 possibilities, so it all depends on how skilled you are in these matters. As a domain reseller, you will do business on behalf of your personal brand name and not on behalf of the Registrar's.
Earn Revenue From Supplying Website Hosting Accounts Too
A logical supplement to your domain reseller business would be to sell web hosting plans as well. Thereby, you can offer a package deal to persons who want to set up their web page and require both a domain name and a web page hosting account. Particular firms offer such options. With 'ResellersPanel', for instance, you can manage a VPS or a dedicated server, and they will also offer you a domain reseller account and cost-free invoicing transaction software to bill your customers. You can then offer top-level domain names and shared website hosting accounts to customers, and since they provide many diverse domain name extensions, you will be able to offer domain name and hosting services to persons from all around the globe.