The World Wide Web is an ever-flourishing platform that generates new ways to earn money on the Internet. One of these possibilities is to become a domain name reseller and offer domains to end clients, generating revenue from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domain names are registered every day, and there are millions of presently active domain names, so this is a growing marketing niche that you can become engaged in.
TLDs and SLDs
A domain contains 2 parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The generic Top-Level Domains include the most conventional domain extensions such as .com, .net, .org, .mobi, .info, while the country-code TLDs are composed of two-letter abbreviations that stand for each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic top-level domain name or a country-code Top-Level Domain, has a Registry - an institution that deals with the registrations and determines the preconditions that each given TLD may involve, among them the duration of the registration period or the citizenship of the registrant. Certain Registrar companies work under the Registry. These are the firms that in fact offer the domain name to customers and manage all DNS resource records.
Earn Cash From Reselling Domain Names
A lot of Registrars have reseller programs that allow people to gain profit from selling domains to end customers. If you subscribe to such a program, you can begin your very own online business. As a rule, 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 customer. The cause is that resellers can reach more people in regional districts or states where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both sides will cash in on that. Your revenue will be the difference between the price that the client pays and the one that the Registrar imposes for the domain name registration.
Offer Domains Under Your Own Brand
When you subscribe to a domain reseller program, you will have a webspace hosting CP where you can set the prices for the various Top-Level Domains that the Registrar provides. Most corporations also offer invoicing software and themes for your web shop, and the automation of the entire procedure together with the towering demand for domain names render the domain name reseller market so desirable. You will either receive a ready-made site and avail of the Registrar platform to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can create your own personal web portal and order form. Generally, you have the option to pick between the 2 alternatives, so it all depends on how skilled you are in these matters. As a domain name reseller, you will do business under your personal brand and not on behalf of the Registrar's.
Make Cash From Reselling Web Space Hosting Packages Too
A nice supplement to your domain reseller business would be to sell web hosting packages as well. Thus, you can offer a package deal to clients who desire to run their website and require both a domain and a web space hosting package. Particular corporations furnish such options. With 'ResellersPanel', for instance, you can run a Virtual Dedicated Server or a dedicated server, and they will also give you a domain name reseller account and free invoice management software to charge your customers. You can then sell top-level domain names and shared website hosting plans to clients, and since they provide many diverse domain name extensions, you will be able to offer domain name and hosting services to customers from all around the world.