The World Wide Web is an ever-increasing community that delivers new possibilities to make money online. One of these ways is to become a domain reseller and offer domain names to end customers, generating revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered each day, and there are 1 000 000's of currently functioning domains, so this is a developing business niche that you can be involved in.
Top-Level and Second-Level Domains
A domain consists of 2 parts - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The gTLDs comprise the most common domain extensions such as .com, .net, .org, .mobi, .info, while the ccTLDs contain 2-letter abbreviations that stand for each country. Instances 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 ccTLD, has a Registry - an institution that is responsible for the registrations and determines the preconditions that each given TLD may include, including the duration of the registration term or the residency of the registrant. A number of Registrar firms work under the Registry. These are the firms that in fact offer the domain name to customers and handle all domain resource records.
Earn Profit From Selling Domain Names
Many Registrars have reseller programs that enable individuals to earn money from selling domains to end clients. If you register with such a program, you can initiate your own personal web business. Generally, a domain will cost less if it is registered through a reseller rather than if it is bought directly from the Registrar by an end customer. The explanation is that resellers can reach more customers in regions or states where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both parties will benefit from that. Your revenue will be the difference between the price that the user pays and the one that the Registrar requires for the domain registration.
Trade TLDs Under Your Very Own Trademark Name
When you subscribe to a domain reseller program, you will get a web space hosting Control Panel where you can determine the prices for the different top-level domain names that the Registrar offers. Most companies also offer billing software and design templates for your online store, and the automation of the entire process combined with the high demand for domains render the domain reseller business niche so seductive. You will either obtain a pre-built site and utilize the Registrar system to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your very own personal web site and order form. Traditionally, you have the opportunity to choose between the 2 options, so it all depends on how accomplished you are in these matters. As a domain reseller, you will work on behalf of your personal brand name and not under the Registrar's.
Gain Money From Selling Site Hosting Solutions As Well
An excellent supplement to your domain reseller business would be to sell web hosting services too. In this way, you can give a package deal to users who would like to make their web portal and need both a domain and a webspace hosting plan. Some firms offer such options. With 'ResellersPanel', for example, you can have a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and free-of-cost invoicing transaction software to bill your clients. You can then sell top-level domain names and shared hosting plans to clients, and since they offer plenty of diverse domain name extensions, you will be able to provide domain name and hosting services to people from all over the globe.