The World Wide Web is an ever-developing community that provides new opportunities to make money online. One of these possibilities is to become a domain name reseller and offer domains to end customers, generating revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered every day, and there are 1 000 000's of presently functioning domains, so this is an enlarging business niche that you can be involved in.
Top-Level and Second-Level Domains
A domain name contains 2 components - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The generic TLDs include the most widely used domain extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names involve two-character abbreviations that signify each country. Instances of ccTLDs 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 handles the registrations and sets the preconditions that each concrete top-level domain name may have, such as the length of the registration term or the residency of the registrant. A number of Registrar companies work under the Registry. These are the corporations that in fact offer the domain name to clients and manage all domain name records.
Earn Profit From Trading Domain Names
Lots of Registrars have reseller programs that allow individuals to gain cash from offering domain names to end customers. If you register with such a program, you can kick off your own personal e-business. Generally, a domain will be cheaper if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end client. The reason is that resellers can reach more people in provinces or countries where the Registrar may not be popular whatsoever. This implies 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 customer pays and the one that the Registrar charges for the domain registration.
Resell TLDs Under Your Own Brand Name
When you register with a domain reseller program, you will acquire a web site hosting Control Panel where you can fix the prices for the various top-level domain names that the Registrar offers. Most corporations also provide billing transaction software and design layouts for your online storefront, and the automation of the entire process combined with the big demand for domains render the domain name reseller business niche so alluring. You will either acquire a pre-developed web site and use the Registrar system to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can build your very own web page and order form. Usually, you have the opportunity to decide between the 2 alternatives, so it all depends on how skilled you are in these affairs. As a domain reseller, you will do business on behalf of your very own personal brand and not under the Registrar's.
Make Cash From Supplying Site Hosting Packages Too
An adequate addition to your domain reseller business would be to sell web hosting plans too. Thus, you can offer a package deal to customers who want to create their site and require both a domain and a web page hosting plan. Given corporations furnish such options. With 'ResellersPanel', for instance, you can have a VPS or a dedicated server, and they will also offer you a domain reseller account and cost-free invoice management software to bill your clients. You can then sell top-level domain names and shared website hosting plans to clients, and since they offer plenty of diverse domain extensions, you will be able to offer domain and hosting services to people from all around the world.