The Internet is an ever-developing system that generates new options to make money on the Web. One of these options is to be a domain reseller and offer domains to end customers, gaining revenue 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 domains, so this is a blooming business niche that you can become engaged in.
TLDs and SLDs
A domain is made of two constituents - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The generic TLDs include the best known domain name extensions like .com, .net, .org, .mobi, .info, while the ccTLDs consist of two-character abbreviations that correspond to each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a ccTLD, has a Registry - an organization that handles the registrations and determines the preconditions that each given TLD may have, among them the duration of the registration period or the residency of the registrant. A number of Registrar corporations operate under the Registry. These are the firms that in fact offer the domain name to customers and manage all domain records.
Make Profit From Trading Domains
A lot of Registrars have reseller programs that permit individuals to earn cash from offering domains to end clients. If you sign up for such a program, you can initiate your own personal electronic business. Usually, a domain name will be more inexpensive if it is registered through a reseller rather than if it is bought directly from the Registrar by an end customer. The reason is that resellers can reach more customers in local regions or countries where the Registrar may not be popular at all. This implies more sales for the Registrar, so both parties will benefit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar charges for the domain registration.
Sell Domains Under Your Personal Trademark Name
When you subscribe to a domain name reseller program, you will get a hosting CP where you can choose the prices for the different Top-Level Domains that the Registrar offers. Most corporations also provide invoicing transaction software and themes for your virtual store, and the automation of the whole process combined with the towering demand for domain names make the domain name reseller market niche so seductive. You will either obtain a pre-developed site and make use of the Registrar system to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can set up your very own web portal and order form. Normally, you have the opportunity to decide between the 2 options, so it all depends on how trained you are in these matters. As a domain name reseller, you will do business under your own brand name and not on behalf of the Registrar's brand.
Gain Revenue From Supplying Website Hosting Plans As Well
A relevant supplement to your domain reseller business would be to sell web hosting services as well. Thereby, you can give a package deal to individuals who want to create their web page and demand both a domain name and a website hosting account. Certain firms supply such options. With 'ResellersPanel', for example, you can have a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost invoice management software to bill your clients. You can then sell TLDs and shared website hosting accounts to clients, and since they offer lots of diverse domain extensions, you will be able to offer domain and hosting services to users from all around the globe.