The World Wide Web is an ever-increasing community that provides new ways to make money on the Internet. One of these ways is to be a domain reseller and sell domain names to end users, generating revenue from the difference between the wholesale and the retail price of each and every domain name. Thousands of domain names are registered every day, and there are millions of presently functioning domains, so this is a flourishing trading niche that you can become involved in.
Top-Level and Second-Level Domains
A domain comprises two components - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The gTLDs include the most widely used domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains contain 2-letter abbreviations that symbolize each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a country-code Top-Level Domain, has a Registry - an institution that administers the registrations and determines the requirements that each given TLD may involve, such as the length of the registration period or the citizenship of the registrant. A number of Registrar corporations work under the Registry. These are the corporations that actually sell the domain name to customers and manage all domain records.
Earn Revenue From Selling Domain Names
A lot of Registrars have reseller programs that enable people to make cash from offering domain names to end clients. If you subscribe to such a program, you can kickstart your very own personal web business. Typically, a domain name will cost less if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end user. The explanation is that resellers can reach more persons in local regions or countries where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both sides will take advantage of that. Your revenue will be the difference between the price that the user pays and the one that the Registrar imposes for the domain name registration.
Trade Top-Level Domain Names Under Your Own Personal Brand Name
When you register with a domain name reseller program, you will receive a web hosting Control Panel where you can select the prices for the different top-level domain names that the Registrar provides. Most firms also provide billing software and site themes for your online shop, and the automation of the whole process coupled with the high demand for domains render the domain reseller business niche so seductive. You will either receive a turn-key web site and utilize the Registrar system to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can build your own personal site and form for placing orders. Normally, you have the opportunity to pick between the 2 alternatives, so it all revolves around how practiced you are in these things. As a domain name reseller, you will work on behalf of your own personal trademark name and not under the Registrar's brand.
Make Cash From Providing Web Hosting Solutions As Well
A reasonable supplement to your domain reseller business would be to sell web hosting plans too. In this way, you can offer a package deal to persons who desire to set up their website and demand both a domain name and a web site hosting plan. Certain companies provide such options. With 'ResellersPanel', for example, you can run a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and cost-free billing software to charge your clients. You can then offer domain names and shared website hosting accounts to customers, and since they provide plenty of diverse domain name extensions, you will be able to provide domain and hosting services to persons from all around the globe.