The Internet is an ever-expanding network that furnishes new ways to earn cash on the Internet. One of these possibilities is to become a domain name reseller and sell domains to end customers, gaining profit from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered every day, and there are 1 000 000's of presently functioning domains, so this is a developing business niche that you can be engaged in.
TLDs and SLDs
A domain name consists of two components - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic Top-Level Domains comprise the most widely used domain extensions such as .com, .net, .org, .mobi, .info, whereas the ccTLDs are made of two-letter abbreviations that correspond to each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a country-code one, has a Registry - an institution that deals with the registrations and sets the requirements that each particular top-level domain name may contain, like the length of the registration term or the residency of the registrant. Certain Registrar companies work under the Registry. These are the companies that actually sell the domain name to customers and handle all domain resource records.
Earn Profit From Reselling Domain Names
Numerous Registrars have reseller programs that permit people to gain money from offering domain names to end users. If you sign up for such a program, you can commence your very own e-business. Regularly, a domain name will cost less if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end customer. The cause is that resellers can contact more users in local regions or countries where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both sides will take advantage of that. Your profit will be the difference between the price that the user pays and the one that the Registrar levies for the domain name registration.
Resell Domains On Behalf Of Your Very Own Personal Trademark Name
When you subscribe to a domain name reseller program, you will acquire a web site hosting Control Panel where you can choose the prices for the various top-level domain names that the Registrar provides. Most companies also offer billing software and design layouts for your online store, and the automation of the whole procedure combined with the increasing demand for domain names render the domain reseller industry so seductive. You will either receive a ready-to-use website and utilize the Registrar platform to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can make your own portal and order form. Generally, you have the option to select between the two alternatives, so it all revolves around how practiced you are in these affairs. As a domain reseller, you will do business on behalf of your own brand and not under the Registrar's brand.
Make Revenue From Reselling Web Hosting Plans Too
An appropriate supplement to your domain name reseller business would be to sell web hosting plans too. In this way, you can offer a package deal to persons who wish to establish their web portal and demand both a domain name and a webspace hosting plan. Some firms provide such options. With 'ResellersPanel', for instance, you can buy a Virtual Private Server or a dedicated server, and they will also give you a domain reseller account and free invoice transaction software to bill your customers. You can then sell domain names and shared web hosting plans to clients, and since they provide plenty of different domain name extensions, you will be able to provide domain name and hosting services to clients from all around the world.