The World Wide Web is an ever-growing platform that furnishes new ways to gain money on the Web. One of these ways is to be a domain name reseller and offer domains to end clients, 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 1 000 000's of currently active domain names, so this is a blossoming business niche that you can be involved in.
Top-Level and Second-Level Domains Names
A domain name is composed of two entities - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic TLDs comprise the best known domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains are composed of 2-letter abbreviations that represent each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic Top-Level Domain or a country-code TLD, has a Registry - an organization that administers the registrations and determines the requirements that each concrete TLD may impose, such as the duration of the registration term or the citizenship of the registrant. Certain Registrar corporations work under the Registry. These are the corporations that actually sell the domain name to clients and manage all DNS resource records.
Earn Money From Reselling Domains
A lot of Registrars have reseller programs that permit people to earn profit from offering domains to end users. If you sign up for such a program, you can set up your own online business. Generally, a domain will cost less if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end user. The reason is that resellers can contact more users in regions or countries where the Registrar may not be known whatsoever. This means 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.
Sell Domains On Behalf Of Your Very Own Brand Name
When you register with a domain name reseller program, you will acquire a CP where you can fix the prices for the individual Top-Level Domains that the Registrar provides. Most corporations also offer billing management software and design skins for your virtual storefront, and the automation of the whole procedure combined with the immense demand for domain names render the domain name reseller business niche so desirable. You will either get a pre-developed web site and use the Registrar platform to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can create your very own personal web portal and form for placing orders. Typically, you have the opportunity to decide between the two options, so it all revolves around how accomplished you are in these matters. As a domain name reseller, you will work under your own personal brand name and not on behalf of the Registrar's.
Earn Revenue From Offering Web Site Hosting Packages As Well
An adequate supplement to your domain name reseller business would be to sell web hosting services too. Thus, you can give a package deal to customers who wish to manage their site and need both a domain name and a web hosting package. Some companies provide such options. With 'ResellersPanel', for instance, you can have a Virtual Server or a dedicated server, and they will also give you a domain reseller account and cost-free invoice management software to bill your customers. You can then offer domains and shared web hosting plans to customers, and since they offer plenty of diverse domain extensions, you will be able to provide domain and hosting services to individuals from all over the world.