The World Wide Web is an ever-increasing network that offers new possibilities to earn cash online. One of them is to be a domain reseller and sell domain names to end customers, gaining revenue from the difference between the wholesale and the retail cost of each domain name. 1000's of domain names are registered each and every day, and there are 1 000 000's of presently functioning domains, so this is a flourishing business niche that you can be engaged in.
TLDs and SLDs
A domain is composed of 2 entities - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic TLDs include the most famous domain name extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names consist of two-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 country-code TLD, has a Registry - an organization that handles the registrations and determines the preconditions that each specific Top-Level Domain may have, such as the duration of the registration period or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the corporations that actually offer the domain name to customers and manage all DNS records.
Earn Profit From Reselling Domain Names
Numerous Registrars have reseller programs that allow individuals to make profit from offering domains to end clients. If you sign up for such a program, you can begin your very own personal online business. Generally, a domain name will be cheaper if it is registered via a reseller rather than if it is bought directly from the Registrar by an end client. The explanation is that resellers can reach more customers in local communities or states where the Registrar may not be known 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 levies for the domain registration.
Offer TLDs On Behalf Of Your Very Own Trademark Name
When you register with a domain name reseller program, you will have a website hosting Control Panel where you can settle the prices for the individual top-level domain names that the Registrar offers. Most companies also offer invoice transaction software and web design skins for your virtual shop, and the automation of the entire procedure coupled with the enormous demand for domain names make the domain reseller market niche so alluring. You will either acquire a ready-made site and utilize the Registrar system to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can set up your own web portal and order form. Normally, you have the option to select between the 2 options, so it all revolves around how practiced you are in these matters. As a domain name reseller, you will do business under your own personal brand and not on behalf of the Registrar's.
Earn Money From Promoting Site Hosting Services Too
A reasonable supplement to your domain reseller business would be to sell web hosting services too. In this way, you can offer a package deal to individuals who want to develop their website and require both a domain and a web hosting account. Given corporations furnish such options. With 'ResellersPanel', for example, you can purchase a VPS or a dedicated server, and they will also give you a domain name reseller account and free-of-charge invoice management software to charge your customers. You can then sell Top-Level Domains and shared hosting plans to clients, and since they offer a lot of diverse domain extensions, you will be able to offer domain name and hosting services to individuals from all around the world.