The World Wide Web is an ever-flourishing platform that supplies new options to make money online. One of these possibilities is to become a domain name reseller and sell domains to end users, earning profit from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered each day, and there are millions of currently functioning domain names, so this is a flourishing business niche that you can be involved in.
Top-Level and Second-Level Domains
A domain name contains two pieces - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the TLD and "domain" is the SLD.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The generic top-level domain names include the most popular domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs consist of two-letter abbreviations that symbolize each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a gTLD or a ccTLD, has a Registry - an organization that tackles the registrations and determines the prerequisites that each concrete Top-Level Domain may include, like the duration of the registration period or the citizenship of the registrant. Certain Registrar companies work under the Registry. These are the corporations that in fact sell the domain name to clients and handle all domain name resource records.
Make Money From Offering Domain Names
Plenty of Registrars have reseller programs that permit people to make cash from offering domains to end customers. If you register with such a program, you can establish your own electronic business. Normally, a domain name will cost less if it is registered via a reseller rather than if it is bought directly from the Registrar by an end user. The reason is that resellers can reach more clients in areas or countries where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both sides will take advantage of that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar requires for the domain name registration.
Sell Top-Level Domains Under Your Very Own Personal Trademark Name
When you sign up for a domain name reseller program, you will get a website hosting Control Panel where you can choose the prices for the individual Top-Level Domains that the Registrar offers. Most corporations also offer billing management software and design templates for your virtual shop, and the automation of the entire procedure together with the high demand for domains make the domain reseller market so desirable. You will either get a ready-for-use website and use the Registrar system to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can build your very own web page and order form. Generally, you have the opportunity to select between the 2 possibilities, so it all depends on how skillful you are in these issues. As a domain name reseller, you will operate under your very own personal brand name and not on behalf of the Registrar's.
Earn Cash From Promoting Site Hosting Accounts Too
A perfect addition to your domain name reseller business would be to sell web hosting accounts as well. In this way, you can offer a package deal to individuals who want to develop their online portal and require both a domain name and a web site hosting plan. A number of companies have such options. With 'ResellersPanel', for example, you can have a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain reseller account and cost-free invoice software to charge your customers. You can then sell domains and shared hosting accounts to clients, and since they provide a lot of different domain extensions, you will be able to offer domain name and hosting services to people from all over the globe.