The World Wide Web is an ever-developing network that provides new opportunities to make cash online. One of these opportunities is to become a domain name reseller and offer domain names to end clients, earning profit from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domain names are registered each and every day, and there are millions of presently active domains, so this is a blooming marketing niche that you can become a part of.
Top-Level and Second-Level Domains
A domain name is made of 2 pieces - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The generic TLDs include the most conventional domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs include 2-letter abbreviations that denote each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic or a ccTLD, has a Registry - an organization that handles the registrations and determines the prerequisites that each concrete Top-Level Domain may involve, among them the length of the registration term or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the companies that actually sell the domain name to customers and handle all domain resource records.
Earn Revenue From Selling Domains
Numerous Registrars have reseller programs that allow people to gain profit from selling domain names to end users. If you sign up for such a program, you can kickstart your very own e-business. Typically, a domain will be more inexpensive if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end user. The explanation is that resellers can reach more individuals in regions or states where the Registrar may not be known at all. This implies more sales for the Registrar, so both parties will cash in on that. Your profit will be the difference between the price that the user pays and the one that the Registrar charges for the domain registration.
Sell Top-Level Domains Under Your Very Own Personal Trademark Name
When you register with a domain name reseller program, you will acquire a hosting Control Panel where you can settle the prices for the various TLDs that the Registrar offers. Most firms also offer invoice management software and web themes for your web storefront, and the automation of the entire process together with the towering demand for domain names render the domain reseller business so desirable. You will either acquire a pre-built website and avail of the Registrar system to resell domains, or they will give you access to their API (Application Programming Interface) so that you can create your very own site and order form. Usually, you have the option to choose between the two options, so it all depends on how skillful you are in these affairs. As a domain name reseller, you will do business on behalf of your own brand name and not on behalf of the Registrar's brand.
Gain Cash From Providing Web Hosting Plans Too
A reasonable addition to your domain name reseller business would be to sell web hosting plans as well. Thus, you can offer a package deal to persons who wish to run their web portal and need both a domain and a webspace hosting plan. A few firms provide such options. With 'ResellersPanel', for instance, you can purchase a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and cost-free billing software to bill your customers. You can then offer top-level domain names and shared hosting accounts to clients, and since they offer a lot of different domain name extensions, you will be able to offer domain name and hosting services to people from all over the world.