The World Wide Web is an ever-flourishing platform that offers new options to gain money on the Internet. One of them is to be a domain name reseller and offer domain names to end customers, making revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered each day, and there are 1 000 000's of currently functioning domain names, so this is an increasing trading niche that you can become engaged in.
TLDs and SLDs
A domain contains 2 entities - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The gTLDs include the most popular domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names are made of two-letter abbreviations that signify each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic or a country-code top-level domain name, has a Registry - an institution that handles the registrations and determines the requirements that each concrete Top-Level Domain may involve, among them the length of the registration term or the citizenship of the registrant. Certain Registrar companies operate under the Registry. These are the firms that actually offer the domain name to customers and manage all domain records.
Earn Revenue From Reselling Domain Names
Many Registrars have reseller programs that allow people to earn money from offering domains to end clients. If you sign up for such a program, you can kickstart your own online business. Generally, a domain name will be cheaper if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end client. The cause is that resellers can contact more customers in provinces or states where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both sides will benefit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain registration.
Sell Domain Names On Behalf Of Your Own Personal Brand
When you sign up for a domain reseller program, you will receive a web space hosting Control Panel where you can settle the prices for the different top-level domain names that the Registrar provides. Most firms also provide invoice management software and design templates for your web shop, and the automation of the whole procedure coupled with the large demand for domains make the domain reseller business niche so tempting. You will either receive a ready-for-use website and make use of the Registrar system to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can create your very own web page and order form. Usually, you have the option to decide between the 2 alternatives, so it all depends on how skilled you are in these issues. As a domain name reseller, you will sell under your very own brand name and not on behalf of the Registrar's.
Earn Money From Reselling Web Hosting Services Too
A logical addition to your domain reseller business would be to sell web hosting plans too. Thereby, you can offer a package deal to persons who desire to create their web portal and need both a domain and a web site hosting plan. Particular companies supply such options. With 'ResellersPanel', for instance, you can manage a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and cost-free invoice management software to bill your clients. You can then offer domains and shared hosting accounts to customers, and since they offer a lot of diverse domain name extensions, you will be able to provide domain and hosting services to customers from all around the globe.