The Internet is an ever-flourishing platform that offers new opportunities to earn money on the Web. One of them is to be a domain name reseller and offer domains to end users, making profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domain names are registered every day, and there are millions of currently functioning domain names, so this is a growing business niche that you can be engaged in.
TLDs and SLDs
A domain name is composed of 2 parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The gTLDs include the best known domain name extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains include 2-letter abbreviations that denote each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic TLD or a country-code top-level domain name, has a Registry - an institution that manages the registrations and determines the prerequisites that each specific TLD may include, like the duration of the registration period or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the corporations that in fact sell the domain name to customers and manage all domain resource records.
Gain Revenue From Offering Domain Names
A lot of Registrars have reseller programs that permit people to gain revenue from offering domain names to end customers. If you register with such a program, you can build your very own online business. Regularly, a domain will be more inexpensive if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end user. The explanation is that resellers can contact more users in regional districts or states where the Registrar may not be popular at all. This implies more sales for the Registrar, so both parties will take advantage of that. Your revenue will be the difference between the price that the client pays and the one that the Registrar levies for the domain registration.
Offer Top-Level Domains On Behalf Of Your Personal Trademark Name
When you register with a domain reseller program, you will have a webspace hosting Control Panel where you can select the prices for the separate TLDs that the Registrar offers. Most corporations also provide billing transaction software and web design skins for your web store, and the automation of the entire procedure combined with the large demand for domains make the domain name reseller market niche so seductive. You will either receive a pre-built web site and use the Registrar platform to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can set up your very own personal web page and form for placing orders. Normally, you have the opportunity to select between the two alternatives, so it all depends on how proficient you are in these things. As a domain reseller, you will do business under your own brand name and not under the Registrar's brand.
Make Money From Promoting Web Hosting Services As Well
A perfect supplement to your domain name reseller business would be to sell web hosting solutions too. Thereby, you can offer a package deal to customers who desire to create their web site and require both a domain and a website hosting plan. Certain companies supply such options. With 'ResellersPanel', for instance, you can manage a VPS or a dedicated server, and they will also offer you a domain name reseller account and charge-free invoice transaction software to charge your clients. You can then offer domain names and shared web hosting accounts to customers, and since they offer lots of different domain name extensions, you will be able to provide domain name and hosting services to customers from all around the globe.