The World Wide Web is an ever-growing system that generates new ways to earn cash on the Web. One of these ways is to be a domain name reseller and sell domains to end users, earning profit from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered every day, and there are 1 000 000's of presently functioning domain names, so this is a developing business niche that you can be a part of.
TLDs and SLDs
A domain name consists of two parts - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic Top-Level Domains include the most widespread domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains include two-character abbreviations that stand for each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic Top-Level Domain or a country-code one, has a Registry - an institution that is responsible for the registrations and sets the preconditions that each concrete TLD may involve, among them the duration of the registration term or the citizenship of the registrant. Certain Registrar corporations work under the Registry. These are the companies that actually sell the domain name to customers and administer all DNS resource records.
Earn Revenue From Selling Domain Names
Lots of Registrars have reseller programs that permit people to earn profit from offering domains to end users. If you register with such a program, you can kick off your very own e-business. Usually, a domain will be cheaper if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end user. The cause is that resellers can contact more users in local communities or states where the Registrar may not be known at all. This implies more sales for the Registrar, so both parties will earn a profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar requires for the domain name registration.
Trade TLDs On Behalf Of Your Own Personal Brand
When you sign up for a domain reseller program, you will acquire a web space hosting CP where you can select the prices for the various Top-Level Domains that the Registrar provides. Most corporations also provide invoice transaction software and web design layouts for your online store, and the automation of the whole procedure combined with the expanding demand for domain names render the domain reseller business niche so desirable. You will either get a ready-to-use site and utilize the Registrar platform to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can build your own web page and order form. Generally, you have the option to select between the 2 possibilities, so it all revolves around how practiced you are in these affairs. As a domain name reseller, you will sell under your own personal trademark name and not on behalf of the Registrar's.
Make Profit From Reselling Hosting Plans Too
A good supplement to your domain name reseller business would be to sell web hosting services too. Thereby, you can give a package deal to customers who wish to create their site and require both a domain and a webspace hosting package. Given firms provide such options. With 'ResellersPanel', for instance, you can order a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-charge invoice management software to charge your clients. You can then offer domain names and shared web hosting accounts to customers, and since they provide many different domain extensions, you will be able to provide domain and hosting services to individuals from all around the globe.