The Internet is an ever-increasing community that furnishes new options to gain cash on the Web. One of these possibilities is to be a domain name reseller and sell domain names to end customers, earning profit from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domains are registered each and every day, and there are 1 000 000's of currently active domain names, so this is a flowering business niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain name is composed of 2 parts - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the Top-Level Domain and "domain" is the SLD.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic TLDs comprise the most common domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names contain 2-character abbreviations that denote each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic top-level domain name or a country-code Top-Level Domain, has a Registry - an institution that handles the registrations and determines the prerequisites that each concrete TLD may impose, among them the duration of the registration term or the residency of the registrant. Certain Registrar companies operate under the Registry. These are the companies that actually offer the domain name to clients and administer all domain name resource records.
Gain Revenue From Reselling Domain Names
Many Registrars have reseller programs that permit people to make profit from selling domains to end customers. If you sign up for such a program, you can initiate your own e-business. Generally, a domain name will be cheaper if it is registered via a reseller rather than if it is bought straight from the Registrar by an end user. The explanation is that resellers can contact more people in areas or states where the Registrar may not be known whatsoever. This implies more sales for the Registrar, so both parties will capitalize on that. Your revenue will be the difference between the price that the user pays and the one that the Registrar requires for the domain registration.
Resell TLDs Under Your Personal Trademark Name
When you subscribe to a domain name reseller program, you will have a web site hosting Control Panel where you can settle the prices for the various TLDs that the Registrar provides. Most firms also provide invoicing software and themes for your web shop, and the automation of the entire process together with the enormous demand for domains make the domain name reseller market niche so seductive. You will either acquire a pre-built website and use the Registrar platform to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can make your very own web page and form for placing orders. Normally, you have the opportunity to decide between the 2 alternatives, so it all revolves around how skillful you are in these issues. As a domain reseller, you will sell under your personal brand name and not on behalf of the Registrar's.
Earn Cash From Providing Web Hosting Solutions Too
A sensible addition to your domain reseller business would be to sell web hosting solutions as well. Thus, you can give a package deal to clients who would like to create their web page and need both a domain and a website hosting plan. Certain firms offer such options. With 'ResellersPanel', for example, you can order a Virtual Private Server or a dedicated server, and they will also give you a domain reseller account and charge-free invoice transaction software to charge your clients. You can then offer TLDs and shared hosting accounts to clients, and since they provide lots of different domain extensions, you will be able to offer domain and hosting services to users from all around the globe.