The World Wide Web is an ever-flourishing community that offers new ways to earn money on the Web. One of these possibilities is to become a domain reseller and offer domain names to end users, making profit from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domains are registered each day, and there are 1 000 000's of presently functioning domain names, so this is a blossoming business niche that you can be a part of.
Top-Level and Second-Level Domains Names
A domain includes two parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The gTLDs include the most conventional domain name extensions like .com, .net, .org, .mobi, .info, while the ccTLDs comprise two-letter abbreviations that denote each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic or a country-code one, has a Registry - an institution that administers the registrations and sets the requirements that each given Top-Level Domain may have, such as the length of the registration term or the residency of the registrant. A number of Registrar firms operate under the Registry. These are the companies that actually sell the domain name to clients and administer all domain name records.
Earn Cash From Trading Domain Names
Many Registrars have reseller programs that allow people to gain revenue from selling domains to end users. If you subscribe to such a program, you can launch your own personal Internet business. Usually, a domain name will be more inexpensive if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end customer. The explanation is that resellers can reach more users in regional communities or countries where the Registrar may not be known whatsoever. This implies more sales for the Registrar, so both parties will profit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar levies for the domain registration.
Resell Domains Under Your Own Brand
When you sign up for a domain name reseller program, you will receive a web page hosting Control Panel where you can fix the prices for the separate Top-Level Domains that the Registrar offers. Most firms also offer billing software and web page templates for your virtual shop, and the automation of the whole process together with the huge demand for domain names render the domain name reseller business niche so seductive. You will either acquire a ready-made website and utilize the Registrar system to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can create your own personal site and form for placing orders. Normally, you have the opportunity to choose between the two possibilities, so it all revolves around how advanced you are in these things. As a domain name reseller, you will sell on behalf of your own brand name and not on behalf of the Registrar's brand.
Make Profit From Reselling Web Site Hosting Accounts As Well
A suitable addition to your domain reseller business would be to sell web hosting accounts too. Thus, you can give a package deal to users who wish to develop their web page and demand both a domain and a site hosting package. A few corporations provide such options. With 'ResellersPanel', for example, you can manage a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and free-of-charge invoice management software to bill your customers. You can then sell top-level domain names and shared hosting accounts to customers, and since they provide plenty of different domain extensions, you will be able to offer domain name and hosting services to individuals from all over the world.