The World Wide Web is an ever-developing community that delivers new ways to gain cash on the Web. One of these ways is to be a domain name reseller and offer domain names to end users, gaining revenue from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domains are registered every day, and there are millions of presently functioning domain names, so this is a blossoming business niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain comprises two entities - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic TLDs include the most widespread domain name extensions such as .com, .net, .org, .mobi, .info, while the ccTLDs consist of two-letter abbreviations that represent each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a country-code one, has a Registry - an institution that is responsible for the registrations and determines the preconditions that each specific top-level domain name may impose, like the duration of the registration period or the citizenship of the registrant. Certain Registrar companies work under the Registry. These are the corporations that actually sell the domain name to customers and handle all DNS records.
Make Profit From Offering Domains
Lots of Registrars have reseller programs that enable people to make profit from selling domains to end customers. If you register with such a program, you can commence your very own personal online business. Typically, 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 customer. The explanation is that resellers can reach more customers in local regions or states where the Registrar may not be famous at all. This means more sales for the Registrar, so both parties will cash in on 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 Domain Names On Behalf Of Your Personal Brand
When you subscribe to a domain name reseller program, you will receive a webspace hosting Control Panel where you can settle the prices for the separate top-level domain names that the Registrar provides. Most firms also provide billing transaction software and templates for your virtual shop, and the automation of the entire process together with the expanding demand for domain names render the domain reseller market niche so tempting. You will either acquire a pre-built website and use the Registrar platform to sell domains, or they will give you access to their API (Application Programming Interface) so that you can set up your own personal web site and order form. Normally, you have the option to decide between the two alternatives, so it all depends on how skilled you are in these matters. As a domain reseller, you will operate under your very own personal brand and not on behalf of the Registrar's brand.
Make Money From Reselling Website Hosting Packages As Well
A proper addition to your domain reseller business would be to sell web hosting accounts as well. Thereby, you can give a package deal to clients who desire to establish their online portal and need both a domain and a web space hosting package. A number of companies provide such options. With 'ResellersPanel', for instance, you can purchase a Virtual Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost billing transaction software to bill your customers. You can then sell top-level domain names and shared website hosting packages to customers, and since they offer plenty of diverse domain extensions, you will be able to offer domain name and hosting services to users from all around the globe.