The World Wide Web is an ever-developing network that provides new ways to make money on the Internet. One of these possibilities is to become a domain reseller and offer domain names to end users, gaining revenue from the difference between the wholesale and the retail price of each and every domain name. Thousands of domain names are registered every day, and there are millions of currently active domains, so this is a developing business niche that you can become involved in.
TLDs and SLDs
A domain name includes 2 components - a Top-Level Domain (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 Domains
The TLDs can be generic or country code. The generic Top-Level Domains include the most common domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code TLDs are made of 2-character abbreviations that symbolize each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a ccTLD, has a Registry - an institution that manages the registrations and sets the requirements that each specific TLD may include, among them the length of the registration period or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the firms that actually sell the domain name to clients and manage all domain records.
Gain Money From Selling Domains
Lots of Registrars have reseller programs that permit people to make revenue from offering domain names to end users. If you subscribe to such a program, you can launch your own electronic business. Regularly, a domain will be cheaper if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end customer. The cause is that resellers can reach more persons in areas or countries where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both sides will earn a profit from 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 Under Your Personal Trademark Name
When you subscribe to a domain reseller program, you will acquire a Control Panel where you can fix the prices for the separate Top-Level Domains that the Registrar provides. Most corporations also provide invoice software and web themes for your web storefront, and the automation of the whole procedure coupled with the considerable demand for domain names render the domain name reseller business so attractive. You will either receive a pre-made website and avail of the Registrar platform to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can create your own personal portal and form for placing orders. Generally, you have the option to decide between the 2 possibilities, so it all revolves around how skillful you are in these matters. As a domain name reseller, you will do business under your own personal brand and not under the Registrar's brand.
Make Cash From Selling Web Hosting Solutions As Well
A sensible supplement to your domain reseller business would be to sell web hosting services as well. Thereby, you can offer a package deal to persons who want to run their website and need both a domain and a web site hosting plan. Some corporations offer such options. With 'ResellersPanel', for instance, 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 invoice software to charge your clients. You can then offer domain names and shared web hosting accounts to customers, and since they offer lots of diverse domain extensions, you will be able to offer domain and hosting services to individuals from all around the globe.