The World Wide Web is an ever-increasing platform that supplies new opportunities to make money online. One of these ways is to become a domain name reseller and offer domains to end users, earning profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domain names are registered each day, and there are millions of currently active domains, so this is a developing business niche that you can be engaged in.
TLDs and SLDs
A domain is made of 2 parts - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic TLDs comprise the most widespread domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains involve two-letter abbreviations that denote each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a ccTLD, has a Registry - an organization that administers the registrations and determines the prerequisites that each particular TLD may have, such as the duration of the registration period or the citizenship of the registrant. Certain Registrar firms operate under the Registry. These are the firms that in fact offer the domain name to clients and administer all domain resource records.
Make Revenue From Selling Domain Names
A lot of Registrars have reseller programs that enable individuals to gain profit from selling domains to end customers. If you subscribe to such a program, you can start your own personal online business. As a rule, a domain name will be cheaper if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end user. The explanation is that resellers can contact more people in areas or countries where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both sides will capitalize on that. Your profit will be the difference between the price that the customer pays and the one that the Registrar charges for the domain name registration.
Sell Domains Under Your Own Personal Brand
When you sign up for a domain reseller program, you will acquire a web site hosting CP where you can determine the prices for the individual TLDs that the Registrar provides. Most companies also provide invoicing software and web page templates for your virtual shop, and the automation of the whole process together with the expanding demand for domains render the domain name reseller market niche so alluring. You will either have a turn-key site and avail of the Registrar platform to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can make your own personal website and form for placing orders. Commonly, you have the opportunity to pick between the 2 options, so it all revolves around how practiced you are in these affairs. As a domain name reseller, you will work under your very own personal brand and not on behalf of the Registrar's.
Gain Revenue From Providing Web Hosting Packages As Well
A logical addition to your domain reseller business would be to sell web hosting accounts as well. Thus, you can give a package deal to clients who want to develop their website and need both a domain name and a web page hosting account. A number of companies furnish such options. With 'ResellersPanel', for instance, you can have a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free billing management software to charge your clients. You can then sell top-level domain names and shared web hosting packages to clients, 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 globe.