The World Wide Web is an ever-flourishing system that provides new ways to gain cash on the Internet. One of these possibilities is to be a domain name reseller and sell domain names to end customers, making profit from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered each day, and there are 1 000 000's of currently active domains, so this is a developing business niche that you can become involved in.
Top-Level and Second-Level Domains Names
A domain name involves 2 components - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the SLD.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic TLDs comprise the most conventional domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names involve two-letter abbreviations that denote each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a country-code Top-Level Domain, has a Registry - an organization that tackles the registrations and sets the preconditions that each specific top-level domain name may contain, such as the duration of the registration term or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the firms that actually offer the domain name to customers and manage all domain resource records.
Make Revenue From Offering Domains
Plenty of Registrars have reseller programs that allow people to earn revenue from selling domain names to end users. If you register with such a program, you can initiate your own e-business. Generally, a domain name will be cheaper if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end client. The cause is that resellers can contact more persons in provinces or countries where the Registrar may not be famous at all. This implies more sales for the Registrar, so both sides will profit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar imposes for the domain name registration.
Sell Domain Names Under Your Personal Trademark Name
When you sign up for a domain name reseller program, you will get a website hosting Control Panel where you can settle the prices for the specific TLDs that the Registrar provides. Most corporations also provide invoicing transaction software and design templates for your virtual shop, and the automation of the whole process together with the growing demand for domains render the domain name reseller market so tempting. You will either get a ready-to-use website and use the Registrar platform to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your own online portal and form for placing orders. Typically, you have the option to pick between the two possibilities, so it all depends on how proficient you are in these affairs. As a domain reseller, you will do business under your very own brand name and not on behalf of the Registrar's.
Make Revenue From Offering Web Hosting Solutions As Well
A nice addition to your domain reseller business would be to sell web hosting accounts too. Thus, you can give a package deal to clients who want to run their website and need both a domain name and a website hosting package. A few companies provide such options. With 'ResellersPanel', for example, you can order a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and charge-free invoice management software to charge your clients. You can then offer top-level domain names and shared website hosting accounts to clients, and since they provide a lot of diverse domain extensions, you will be able to provide domain name and hosting services to customers from all over the world.