The Internet is an ever-increasing platform that furnishes new ways to earn money online. One of these possibilities is to become a domain name reseller and offer domains to end customers, generating revenue from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domain names are registered every day, and there are millions of currently functioning domain names, so this is a thriving trading niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain name contains two entities - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the top-level domain name and "domain" is the SLD.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The generic TLDs include the most common domain name extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs are made of two-letter abbreviations that symbolize each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a ccTLD, has a Registry - an institution that tackles the registrations and determines the prerequisites that each specific Top-Level Domain may entail, such as the length of the registration term or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the companies that in fact offer the domain name to clients and administer all DNS records.
Make Revenue From Reselling Domains
Many Registrars have reseller programs that permit people to make cash from offering domain names to end clients. If you sign up for such a program, you can build your very own personal e-business. Generally, a domain name will be cheaper if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end customer. The explanation is that resellers can reach more people in regional communities or countries where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both sides will earn a profit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar charges for the domain registration.
Sell Domains On Behalf Of Your Very Own Personal Brand
When you register with a domain reseller program, you will have a web hosting CP where you can fix the prices for the individual Top-Level Domains that the Registrar provides. Most corporations also offer invoice management software and web skins for your online store, and the automation of the entire process combined with the considerable demand for domains make the domain reseller market so desirable. You will either obtain a ready-to-use website and utilize the Registrar system to sell domains, or they will give you access to their API (Application Programming Interface) so that you can set up your very own personal website and form for placing orders. Commonly, you have the opportunity to select between the two options, so it all depends on how advanced you are in these affairs. As a domain reseller, you will do business under your personal trademark name and not on behalf of the Registrar's brand.
Make Profit From Offering Web Site Hosting Solutions As Well
A sensible supplement to your domain reseller business would be to sell web hosting services too. Thereby, you can offer a package deal to customers who want to launch their web portal and require both a domain and a web hosting package. A few firms supply such options. With 'ResellersPanel', for instance, you can order a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and free-of-cost billing management software to charge your customers. You can then sell TLDs and shared website hosting packages to customers, and since they offer a lot of diverse domain extensions, you will be able to offer domain and hosting services to people from all over the world.