The World Wide Web is an ever-increasing platform that provides new opportunities to earn money on the Web. One of these options is to be a domain name reseller and offer domain names to end customers, making revenue from the difference between the wholesale and the retail price of each and every domain name. Thousands of domain names are registered every day, and there are 1 000 000's of currently active domains, so this is a flourishing business niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain is made of two pieces - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic TLDs comprise the most widespread domain name extensions such as .com, .net, .org, .mobi, .info, whereas the ccTLDs consist of 2-letter abbreviations that represent each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic top-level domain name or a country-code top-level domain name, has a Registry - an organization that is responsible for the registrations and determines the preconditions that each given Top-Level Domain may include, like the duration of the registration period or the residency of the registrant. A number of Registrar firms work under the Registry. These are the corporations that actually offer the domain name to customers and manage all domain resource records.
Earn Cash From Reselling Domains
Lots of Registrars have reseller programs that permit individuals to make revenue from selling domains to end customers. If you register with such a program, you can kickstart your very own online business. Usually, 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 client. The explanation is that resellers can contact more customers in provinces or states where the Registrar may not be famous at all. This implies more sales for the Registrar, so both sides will take advantage of that. Your profit will be the difference between the price that the client pays and the one that the Registrar levies for the domain name registration.
Resell Top-Level Domain Names Under Your Very Own Personal Brand Name
When you register with a domain reseller program, you will get a Control Panel where you can fix the prices for the individual TLDs that the Registrar provides. Most firms also provide billing software and web page templates for your virtual store, and the automation of the whole procedure together with the flourishing demand for domain names make the domain reseller market so alluring. You will either have a pre-made site and utilize the Registrar platform to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can make your own website and order form. Traditionally, you have the opportunity to choose between the 2 alternatives, so it all revolves around how skilled you are in these affairs. As a domain reseller, you will do business on behalf of your own brand name and not on behalf of the Registrar's.
Gain Profit From Providing Web Page Hosting Solutions Too
A relevant supplement to your domain reseller business would be to sell web hosting packages too. Thereby, you can offer a package deal to clients who want to develop their web site and demand both a domain and a webspace hosting package. A few corporations furnish such options. With 'ResellersPanel', for instance, you can buy a VPS or a dedicated server, and they will also offer you a domain reseller account and free-of-cost billing transaction software to bill your customers. You can then offer Top-Level Domains and shared website hosting packages to clients, and since they provide lots of diverse domain extensions, you will be able to offer domain name and hosting services to users from all around the globe.