The World Wide Web is an ever-increasing network that furnishes new opportunities to gain cash online. One of them is to become a domain reseller and offer domain names to end users, gaining 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 1 000 000's of presently functioning domain names, so this is a thriving marketing niche that you can become engaged in.
TLDs and SLDs
A domain involves 2 parts - 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.
gTLDs and ccTLDs
The TLDs can be generic or country code. The generic TLDs comprise the best known domain name extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs involve 2-letter abbreviations that symbolize each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic Top-Level Domain or a country-code TLD, has a Registry - an institution that is responsible for the registrations and sets the requirements that each given TLD may contain, like the length of the registration period or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the corporations that in fact offer the domain name to customers and administer all domain name resource records.
Earn Profit From Reselling Domain Names
Multiple Registrars have reseller programs that allow individuals to make money from selling domain names to end users. If you sign up for such a program, you can start your own electronic business. Normally, a domain name will be cheaper if it is registered via a reseller rather than if it is bought straight from the Registrar by an end user. The reason is that resellers can reach more customers in local regions or states where the Registrar may not be famous at all. This means more sales for the Registrar, so both parties will make a profit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar levies for the domain registration.
Resell Domains Under Your Own Personal Brand Name
When you register with a domain name reseller program, you will receive a web hosting CP where you can settle the prices for the different top-level domain names that the Registrar offers. Most firms also provide invoice software and site skins for your online storefront, and the automation of the whole process coupled with the huge demand for domains make the domain name reseller business niche so attractive. You will either receive a ready-made site and use the Registrar platform to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can create your very own website and form for placing orders. Generally, you have the opportunity to choose between the 2 options, so it all depends on how practiced you are in these affairs. As a domain name reseller, you will work under your own personal brand and not under the Registrar's.
Gain Profit From Reselling Site Hosting Solutions As Well
A reasonable supplement to your domain name reseller business would be to sell web hosting services too. Thereby, you can offer a package deal to persons who desire to launch their web site and demand both a domain name and a web site hosting plan. A number of firms offer such options. With 'ResellersPanel', for instance, you can purchase a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and charge-free invoice management software to bill your clients. You can then sell Top-Level Domains and shared hosting plans to customers, and since they offer plenty of different domain name extensions, you will be able to offer domain and hosting services to customers from all around the world.