The World Wide Web is an ever-increasing network that provides new ways to earn money on the Internet. One of these options is to be a domain name reseller and sell domains to end customers, making revenue from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered every day, and there are millions of presently functioning domains, so this is an expanding business niche that you can be engaged in.
TLDs and SLDs
A domain name consists of two pieces - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the second-level domain name.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The generic TLDs include the best known domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains consist of 2-letter abbreviations that denote each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a ccTLD, has a Registry - an organization that handles the registrations and sets the preconditions that each specific top-level domain name may entail, like the duration of the registration period 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 clients and manage all domain records.
Make Revenue From Selling Domain Names
Multiple Registrars have reseller programs that permit people to gain profit from offering domain names to end users. If you register with such a program, you can kick off your own e-business. As a rule, a domain will be cheaper if it is registered via a reseller rather than if it is bought directly from the Registrar by an end user. The cause is that resellers can contact more customers in regional districts or states where the Registrar may not be popular at all. This means more sales for the Registrar, so both sides will make a profit from that. Your revenue will be the difference between the price that the user pays and the one that the Registrar imposes for the domain registration.
Offer Top-Level Domain Names Under Your Personal Brand Name
When you sign up for a domain reseller program, you will acquire a webspace hosting CP where you can settle the prices for the specific TLDs that the Registrar offers. Most companies also provide invoicing software and web design skins for your online shop, and the automation of the entire process combined with the strong demand for domain names make the domain reseller market niche so seductive. You will either have a ready-for-use web site and use the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your very own website and order form. Normally, you have the option to select between the 2 possibilities, so it all revolves around how skillful you are in these issues. As a domain name reseller, you will work under your personal brand and not on behalf of the Registrar's brand.
Gain Profit From Selling Web Hosting Plans Too
A good addition 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 have their online portal and demand both a domain and a web space hosting package. Certain corporations provide such options. With 'ResellersPanel', for instance, you can buy a Virtual Server or a dedicated server, and they will also offer you a domain name reseller account and charge-free invoice software to charge your customers. You can then sell top-level domain names and shared website hosting plans to clients, and since they offer many different domain extensions, you will be able to offer domain and hosting services to individuals from all over the globe.