The World Wide Web is an ever-growing platform that offers new ways to gain money on the Internet. One of these ways is to be a domain name reseller and offer domains to end clients, gaining revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered each and every day, and there are 1 000 000's of currently functioning domain names, so this is an expanding trading niche that you can become a part of.
Top-Level and Second-Level Domains Names
A domain is made of 2 pieces - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The generic top-level domain names include the best known domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code TLDs consist of two-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 name, whether it is a generic Top-Level Domain or a country-code top-level domain name, has a Registry - an organization that administers the registrations and determines the preconditions that each given Top-Level Domain may have, like the length of the registration term or the residency of the registrant. A number of Registrar companies work under the Registry. These are the firms that actually offer the domain name to customers and administer all DNS records.
Earn Revenue From Reselling Domain Names
Multiple Registrars have reseller programs that enable individuals to make profit from selling domain names to end clients. If you register with such a program, you can kick off your very own personal web business. As a rule, a domain name will be cheaper if it is registered through a reseller rather than if it is bought straight from the Registrar by an end client. The reason is that resellers can reach more people in regional communities or countries where the Registrar may not be known at all. This means more sales for the Registrar, so both sides will cash in 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 name registration.
Sell Top-Level Domains Under Your Personal Brand
When you sign up for a domain name reseller program, you will get a web space hosting Control Panel where you can select the prices for the individual top-level domain names that the Registrar offers. Most firms also provide billing software and design templates for your virtual shop, and the automation of the entire process combined with the vast demand for domain names make the domain reseller market niche so tempting. You will either have a ready-to-use website and utilize the Registrar platform to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can set up your own website and order form. Traditionally, you have the opportunity to choose between the two possibilities, so it all revolves around how proficient you are in these things. As a domain name reseller, you will do business on behalf of your own trademark name and not on behalf of the Registrar's.
Make Money From Selling Webspace Hosting Plans Too
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 persons who want to have their web portal and require both a domain name and a hosting account. Some corporations provide such options. With 'ResellersPanel', for instance, you can manage a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free invoice management software to charge your clients. You can then sell domains and shared website hosting packages to customers, and since they offer many diverse domain name extensions, you will be able to provide domain and hosting services to users from all around the world.