The World Wide Web is an ever-increasing community that furnishes new ways to earn money on the Web. One of these ways is to become a domain name reseller and offer domain names to end clients, generating revenue from the difference between the wholesale and the retail cost of each domain name. 1000's of domain names are registered each and every day, and there are 1 000 000's of currently active domains, so this is a flowering business niche that you can become a part of.
TLDs and SLDs
A domain name includes 2 entities - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the second-level domain name.
gTLDs and ccTLDs
The TLDs can be generic or country code. The gTLDs include the best known domain extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains comprise two-letter abbreviations that correspond to each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic Top-Level Domain or a country-code TLD, has a Registry - an institution that administers the registrations and sets the requirements that each concrete TLD may entail, among them the length of the registration term or the citizenship of the registrant. Certain Registrar companies operate under the Registry. These are the corporations that actually offer the domain name to clients and handle all domain name resource records.
Earn Cash From Reselling Domain Names
A lot of Registrars have reseller programs that allow people to earn money from selling domains to end customers. If you subscribe to such a program, you can initiate your very own online business. As a rule, a domain will be cheaper if it is registered via a reseller rather than if it is bought straight from the Registrar by an end customer. The explanation is that resellers can reach more persons in areas or states where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both parties will cash in on that. Your profit will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain registration.
Trade Top-Level Domain Names Under Your Own Personal Brand
When you register with a domain name reseller program, you will receive a site hosting CP where you can fix the prices for the separate Top-Level Domains that the Registrar offers. Most corporations also offer invoicing transaction software and web themes for your online shop, and the automation of the entire process coupled with the vast demand for domains render the domain name reseller market so tempting. You will either obtain a pre-built web site and utilize the Registrar system to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can create your very own personal portal and form for placing orders. Usually, you have the option to decide between the 2 possibilities, so it all depends on how practiced you are in these issues. As a domain reseller, you will do business under your very own personal brand name and not under the Registrar's brand.
Make Revenue From Offering Web Site Hosting Packages As Well
A nice addition to your domain reseller business would be to sell web hosting plans too. Thereby, you can offer a package deal to users who desire to build their website and demand both a domain and a web site hosting account. Some corporations furnish such options. With 'ResellersPanel', for example, you can run a Virtual Private Server or a dedicated server, and they will also give you a domain reseller account and cost-free invoice transaction software to charge your customers. You can then sell TLDs and shared website hosting packages to clients, and since they offer many different domain name extensions, you will be able to offer domain and hosting services to users from all around the world.