The Internet is an ever-flourishing platform that offers new possibilities to make cash online. One of these possibilities is to become a domain name reseller and sell domain names to end customers, making profit 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 millions of presently active domain names, so this is a growing business niche that you can become engaged in.
Top-Level and Second-Level Domains Names
A domain name includes 2 pieces - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The gTLDs include the most common domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains are composed of 2-character abbreviations that symbolize each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic TLD or a country-code TLD, has a Registry - an institution that is responsible for the registrations and determines the preconditions that each particular Top-Level Domain may include, including the length of the registration term or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the firms that in fact sell the domain name to customers and manage all domain name records.
Gain Cash From Offering Domains
Numerous Registrars have reseller programs that enable people to gain money from selling domain names to end clients. If you sign up for such a program, you can kick off your own online business. Usually, a domain name will cost less if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end client. The reason is that resellers can reach more clients in provinces or states where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both sides will benefit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain name registration.
Offer Top-Level Domains Under Your Own Brand Name
When you sign up for a domain reseller program, you will have a Control Panel where you can fix the prices for the various Top-Level Domains that the Registrar provides. Most firms also provide invoice management software and web page layouts for your virtual storefront, and the automation of the whole process together with the proliferating demand for domain names make the domain reseller market niche so alluring. You will either get a ready-to-use web site and use the Registrar system to resell domains, or they will give you access to their API (Application Programming Interface) so that you can build your very own site and order form. Usually, you have the opportunity to decide between the 2 options, so it all depends on how accomplished you are in these affairs. As a domain reseller, you will operate under your very own personal brand and not under the Registrar's.
Earn Money From Trading Webspace Hosting Accounts As Well
A proper addition to your domain reseller business would be to sell web hosting plans too. Thereby, you can give a package deal to persons who wish to create their website and demand both a domain and a website hosting account. Given companies furnish such options. With 'ResellersPanel', for example, you can run a Virtual Server or a dedicated server, and they will also give you a domain reseller account and free-of-charge billing management software to charge your customers. You can then sell top-level domain names and shared web hosting plans to clients, and since they offer a lot of different domain name extensions, you will be able to offer domain and hosting services to users from all around the globe.