The World Wide Web is an ever-enlarging platform that generates new possibilities to earn money on the Internet. One of these options is to be a domain name reseller and sell domain names to end users, generating revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered each and every day, and there are 1 000 000's of presently functioning domains, so this is an enlarging business niche that you can be involved in.
TLDs and SLDs
A domain name involves two constituents - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the SLD.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The generic TLDs include the most famous domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names are composed of 2-letter abbreviations that signify each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic top-level domain name or a country-code top-level domain name, has a Registry - an organization that handles the registrations and determines the preconditions that each concrete Top-Level Domain may include, including the length of the registration term or the residency of the registrant. Certain Registrar companies operate under the Registry. These are the companies that in fact offer the domain name to customers and handle all domain name resource records.
Make Money From Selling Domains
Many Registrars have reseller programs that permit individuals to gain cash from offering domains to end customers. If you sign up for such a program, you can set up your very own e-business. As a rule, a domain name will be cheaper if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end client. The reason is that resellers can contact more users in local communities or countries where the Registrar may not be famous at all. This means more sales for the Registrar, so both sides will make a profit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar imposes for the domain name registration.
Offer Domains Under Your Own Personal Brand
When you register with a domain name reseller program, you will get a site hosting Control Panel where you can select the prices for the separate top-level domain names that the Registrar provides. Most firms also provide billing transaction software and design templates for your virtual storefront, and the automation of the whole process together with the increasing demand for domains render the domain reseller business niche so attractive. You will either have a pre-developed web site and utilize the Registrar system to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can build your own website and order form. Typically, you have the option to pick between the two options, so it all depends on how trained you are in these things. As a domain reseller, you will sell on behalf of your very own brand and not under the Registrar's brand.
Gain Cash From Offering Web Site Hosting Solutions As Well
A proper addition to your domain name reseller business would be to sell web hosting plans too. Thus, you can offer a package deal to individuals who wish to run their web portal and need both a domain name and a website hosting package. Certain corporations have such options. With 'ResellersPanel', for example, you can purchase a VPS or a dedicated server, and they will also give you a domain name reseller account and free billing management software to bill your customers. You can then sell top-level domain names and shared hosting accounts to customers, and since they provide a lot of diverse domain name extensions, you will be able to provide domain and hosting services to customers from all around the globe.