The World Wide Web is an ever-enlarging system that generates new possibilities to earn cash on the Internet. One of these possibilities is to become a domain name reseller and sell domain names to end customers, generating profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered each and every day, and there are millions of presently active domain names, so this is a developing trading niche that you can become a part of.
TLDs and SLDs
A domain name is made of two entities - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The generic TLDs include the most widespread domain name extensions like .com, .net, .org, .mobi, .info, while the ccTLDs consist of two-character abbreviations that correspond to each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a gTLD or a country-code Top-Level Domain, has a Registry - an organization that manages the registrations and determines the requirements that each concrete top-level domain name may have, like the duration of the registration term or the citizenship of the registrant. A number of Registrar firms operate under the Registry. These are the firms that actually sell the domain name to clients and handle all DNS records.
Make Profit From Reselling Domains
Numerous Registrars have reseller programs that allow people to gain cash from selling domain names to end users. If you subscribe to such a program, you can commence your very own web business. Commonly, a domain will cost less if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end client. The reason is that resellers can contact more customers in local communities or states where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both sides will capitalize on that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar charges for the domain registration.
Sell Domains Under Your Own Trademark Name
When you sign up for a domain reseller program, you will receive a web page hosting CP where you can choose the prices for the different Top-Level Domains that the Registrar offers. Most companies also provide invoice management software and web layouts for your online shop, and the automation of the whole procedure combined with the significant demand for domains render the domain name reseller business niche so tempting. You will either get a pre-built site and make use of the Registrar platform to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can make your own personal web page and form for placing orders. Traditionally, you have the option to choose between the 2 options, so it all depends on how skillful you are in these matters. As a domain name reseller, you will work under your own trademark name and not under the Registrar's.
Gain Money From Providing Web Hosting Services Too
A relevant supplement to your domain reseller business would be to sell web hosting plans as well. Thereby, you can offer a package deal to people who would like to launch their online portal and need both a domain and a website hosting package. Particular firms offer such options. With 'ResellersPanel', for example, you can order a VPS or a dedicated server, and they will also offer you a domain reseller account and charge-free invoicing transaction software to charge your customers. You can then offer domains and shared hosting packages to clients, and since they provide a lot of different domain name extensions, you will be able to offer domain and hosting services to users from all around the world.