The World Wide Web is an ever-expanding system that generates new opportunities to earn money online. One of these ways is to be a domain name reseller and offer domain names to end customers, earning revenue from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered every day, and there are 1 000 000's of currently functioning domain names, so this is a growing business niche that you can become engaged in.
TLDs and SLDs
A domain consists of two pieces - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic TLDs include the most widespread domain name extensions such as .com, .net, .org, .mobi, .info, while the ccTLDs comprise two-character abbreviations that denote each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic top-level domain name or a country-code TLD, has a Registry - an organization that administers the registrations and determines the preconditions that each given TLD may contain, among them the duration of the registration term or the residency of the registrant. Certain Registrar corporations work under the Registry. These are the firms that actually sell the domain name to clients and manage all domain records.
Make Cash From Offering Domains
A lot of Registrars have reseller programs that allow individuals to gain revenue from selling domain names to end customers. If you register with such a program, you can establish your very own personal web business. Commonly, a domain will be cheaper if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end customer. The explanation is that resellers can reach more clients in regions or states where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both sides will benefit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar charges for the domain name registration.
Resell TLDs Under Your Very Own Personal Brand Name
When you register with a domain reseller program, you will obtain a web site hosting Control Panel where you can set the prices for the specific TLDs that the Registrar provides. Most companies also offer invoice transaction software and templates for your online shop, and the automation of the entire process combined with the significant demand for domains render the domain reseller market niche so desirable. You will either obtain a turn-key site and utilize the Registrar platform to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can create your very own site and order form. Normally, you have the option to pick between the two alternatives, so it all depends on how skillful you are in these affairs. As a domain name reseller, you will operate under your very own brand name and not under the Registrar's brand.
Earn Revenue From Selling Hosting Packages Too
A reasonable addition to your domain name reseller business would be to sell web hosting solutions as well. In this way, you can give a package deal to people who would like to make their web portal and require both a domain and a web site hosting account. A number of firms have such options. With 'ResellersPanel', for instance, you can purchase a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and free-of-charge billing transaction software to charge your customers. You can then offer domains and shared web hosting plans to customers, and since they provide lots of different domain extensions, you will be able to offer domain name and hosting services to clients from all around the globe.