The World Wide Web is an ever-developing system that offers new ways to earn money on the Internet. One of these ways is to be a domain name reseller and offer domains to end users, making revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered each and every day, and there are millions of presently functioning domain names, so this is a blooming marketing niche that you can become engaged in.
TLDs and SLDs
A domain is made of two entities - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The top-level domain names can be generic or country code. The generic TLDs comprise the most widespread domain extensions such as .com, .net, .org, .mobi, .info, whereas the ccTLDs include 2-letter abbreviations that symbolize each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a country-code TLD, has a Registry - an organization that manages the registrations and sets the preconditions that each particular top-level domain name may contain, such as the duration of the registration period or the citizenship of the registrant. A number of Registrar companies operate under the Registry. These are the companies that in fact sell the domain name to customers and manage all domain name records.
Gain Money From Offering Domain Names
A lot of Registrars have reseller programs that allow people to make money from selling domain names to end customers. If you register with such a program, you can launch your very own personal electronic business. Generally, a domain name will be more inexpensive if it is registered through a reseller rather than if it is bought directly from the Registrar by an end customer. The reason is that resellers can reach more persons in regions or states 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 charges for the domain registration.
Trade Top-Level Domains Under Your Personal Brand
When you sign up for a domain reseller program, you will obtain a web space hosting Control Panel where you can settle the prices for the individual Top-Level Domains that the Registrar offers. Most firms also provide invoice software and web design themes for your virtual shop, and the automation of the whole process together with the enlarging demand for domains make the domain name reseller market niche so tempting. You will either acquire a ready-made website and make use of the Registrar platform to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can build your own web portal and order form. Traditionally, you have the opportunity to choose between the 2 alternatives, so it all revolves around how practiced you are in these issues. As a domain name reseller, you will sell under your own personal trademark name and not under the Registrar's brand.
Gain Profit From Offering Website Hosting Services Too
A suitable supplement to your domain name reseller business would be to sell web hosting plans as well. In this way, you can give a package deal to customers who wish to create their web page and require both a domain name and a web hosting package. A few companies furnish such options. With 'ResellersPanel', for instance, you can have a VPS or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost invoice management software to bill your customers. You can then offer domains and shared hosting accounts to customers, and since they provide many different domain extensions, you will be able to provide domain name and hosting services to individuals from all around the globe.