The World Wide Web is an ever-developing community that offers new ways to earn money online. One of these ways is to become a domain name reseller and offer domain names to end users, making profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domains are registered each day, and there are millions of presently functioning domain names, so this is an increasing business niche that you can become involved in.
Top-Level and Second-Level Domains
A domain contains two constituents - 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 Second-Level Domain.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The generic top-level domain names include the most conventional domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs are made of 2-letter abbreviations that denote each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic or a country-code TLD, has a Registry - an institution that is responsible for the registrations and determines the preconditions that each given TLD may involve, including the length of the registration period or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the firms that in fact offer the domain name to customers and handle all domain name records.
Make Cash From Reselling Domain Names
Multiple Registrars have reseller programs that enable individuals to gain profit from offering domain names to end users. If you register with such a program, you can kick off your own online business. As a rule, a domain name will be more inexpensive if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end client. The cause is that resellers can reach more persons in areas or countries where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both sides will profit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar requires for the domain name registration.
Sell Domain Names On Behalf Of Your Very Own Brand Name
When you sign up for a domain reseller program, you will get a Control Panel where you can settle the prices for the specific Top-Level Domains that the Registrar provides. Most corporations also provide billing software and site themes for your web storefront, and the automation of the whole procedure combined with the considerable demand for domain names make the domain reseller industry so attractive. You will either obtain a pre-built website and avail of the Registrar platform to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can create your very own personal online portal and order form. Normally, you have the option to pick between the two options, so it all depends on how experienced you are in these matters. As a domain reseller, you will do business on behalf of your personal brand name and not on behalf of the Registrar's.
Make Revenue From Promoting Hosting Accounts Too
An appropriate addition to your domain reseller business would be to sell web hosting accounts as well. Thereby, you can offer a package deal to clients who want to manage their web portal and demand both a domain and a site hosting plan. Given companies have such options. With 'ResellersPanel', for example, you can order a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and cost-free billing software to bill your clients. You can then offer TLDs and shared web 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 persons from all around the globe.