The Internet is an ever-growing network that furnishes new opportunities to earn cash on the Web. One of these possibilities is to be a domain name reseller and sell domain names to end customers, generating profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered every day, and there are millions of currently functioning domain names, so this is a developing business niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain comprises two entities - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the SLD.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The generic Top-Level Domains comprise the most common domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names consist of two-letter abbreviations that signify each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a country-code Top-Level Domain, has a Registry - an organization that administers the registrations and sets the preconditions that each particular TLD may contain, such as the duration of the registration term or the residency of the registrant. A number of Registrar corporations operate under the Registry. These are the corporations that in fact offer the domain name to customers and manage all domain records.
Make Profit From Offering Domains
Numerous Registrars have reseller programs that allow individuals to make revenue from selling domains to end customers. If you register with such a program, you can kickstart your own electronic business. Regularly, a domain name will cost less if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end customer. The explanation is that resellers can reach more individuals in local districts or states where the Registrar may not be famous at all. This means more sales for the Registrar, so both sides will take advantage of that. Your revenue will be the difference between the price that the user pays and the one that the Registrar charges for the domain name registration.
Resell Top-Level Domain Names Under Your Personal Brand Name
When you subscribe to a domain reseller program, you will get a web site hosting Control Panel where you can fix the prices for the various TLDs that the Registrar offers. Most corporations also offer invoice software and web templates for your virtual storefront, and the automation of the whole procedure combined with the considerable demand for domain names make the domain name reseller business niche so alluring. You will either receive a pre-made website and utilize the Registrar system to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can make your own personal web site and form for placing orders. Generally, you have the opportunity to decide between the 2 alternatives, so it all depends on how expert you are in these affairs. As a domain name reseller, you will work on behalf of your own brand name and not on behalf of the Registrar's.
Make Profit From Promoting Webspace Hosting Packages Too
A proper supplement to your domain name reseller business would be to sell web hosting plans too. Thereby, you can offer a package deal to persons who want to establish their online portal and require both a domain name and a web space hosting account. Certain companies offer 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 reseller account and free invoice software to charge your customers. You can then sell top-level domain names and shared hosting plans to customers, and since they provide many different domain name extensions, you will be able to provide domain and hosting services to individuals from all around the globe.