The World Wide Web is an ever-growing system that supplies new opportunities to gain cash online. One of these possibilities is to be a domain reseller and sell domain names to end customers, earning profit from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domain names are registered every day, and there are millions of presently functioning domain names, so this is a flourishing business niche that you can be engaged in.
TLDs and SLDs
A domain name comprises two parts - 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 SLD.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The generic top-level domain names comprise the most common domain name extensions like .com, .net, .org, .mobi, .info, while the ccTLDs comprise 2-character abbreviations that correspond to each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic or a country-code TLD, has a Registry - an organization that tackles the registrations and sets the prerequisites that each given top-level domain name may have, like the duration of the registration period or the citizenship of the registrant. Certain Registrar companies work under the Registry. These are the firms that in fact sell the domain name to clients and administer all domain name resource records.
Earn Revenue From Reselling Domains
A lot of Registrars have reseller programs that allow people to gain revenue from selling domains to end clients. If you register with such a program, you can begin your own Internet business. Generally, a domain will be more inexpensive if it is registered via a reseller rather than if it is bought directly from the Registrar by an end client. The cause is that resellers can contact more people in regional communities or countries where the Registrar may not be popular at all. This implies more sales for the Registrar, so both sides will benefit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar charges for the domain registration.
Resell Domain Names On Behalf Of Your Own Brand
When you sign up for a domain reseller program, you will obtain a CP where you can determine the prices for the different top-level domain names that the Registrar provides. Most companies also offer billing transaction software and web design themes for your online storefront, and the automation of the whole process coupled with the high demand for domain names render the domain reseller market niche so attractive. You will either get a pre-developed website and avail of the Registrar system to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can create your very own personal site and order form. Commonly, you have the opportunity to pick between the 2 options, so it all depends on how experienced you are in these things. As a domain reseller, you will work on behalf of your personal brand name and not on behalf of the Registrar's.
Gain Profit From Providing Web Space Hosting Services As Well
A reasonable addition to your domain name reseller business would be to sell web hosting services as well. Thereby, you can give a package deal to users who would like to make their web site and require both a domain name and a webspace hosting package. Given corporations have such options. With 'ResellersPanel', for example, you can manage a Virtual Dedicated Server or a dedicated server, and they will also give you a domain name reseller account and cost-free invoice management software to charge your clients. You can then sell domains and shared hosting plans to customers, and since they provide lots of different domain name extensions, you will be able to provide domain name and hosting services to users from all around the world.