The World Wide Web is an ever-developing community that furnishes new opportunities to earn money online. One of these possibilities is to be a domain name reseller and offer domains to end users, gaining revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered every day, and there are millions of presently functioning domain names, so this is an expanding business niche that you can be a part of.
Top-Level and Second-Level Domains
A domain name is made of two entities - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic top-level domain names comprise the most popular domain extensions such as .com, .net, .org, .mobi, .info, whereas the ccTLDs include two-letter abbreviations that denote each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a country-code Top-Level Domain, has a Registry - an organization that is responsible for the registrations and determines the requirements that each particular top-level domain name may include, such as the duration of the registration period or the residency of the registrant. A number of Registrar firms work under the Registry. These are the firms that actually sell the domain name to customers and handle all domain name records.
Gain Revenue From Trading Domains
A lot of Registrars have reseller programs that allow individuals to make money from offering domains to end clients. If you sign up for such a program, you can launch your own personal electronic business. Usually, a domain name will be cheaper if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end customer. The cause is that resellers can reach more clients in local communities or countries where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both parties will capitalize on that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar requires for the domain registration.
Sell Domains On Behalf Of Your Own Brand
When you register with a domain reseller program, you will obtain a site hosting CP where you can choose the prices for the various top-level domain names that the Registrar offers. Most companies also offer invoice transaction software and web layouts for your virtual store, and the automation of the whole procedure coupled with the great demand for domain names make the domain name reseller market so alluring. You will either receive a turn-key web site and make use of the Registrar system to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can set up your very own personal portal and order form. Typically, you have the opportunity to select between the 2 possibilities, so it all depends on how accomplished you are in these issues. As a domain reseller, you will sell on behalf of your own brand and not under the Registrar's brand.
Make Revenue From Providing Website Hosting Solutions As Well
A good supplement to your domain name reseller business would be to sell web hosting accounts as well. Thus, you can give a package deal to clients who desire to create their site and need both a domain and a webspace hosting package. A few companies offer such options. With 'ResellersPanel', for example, you can manage a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and free-of-charge invoice transaction software to bill your customers. You can then offer domain names and shared web hosting accounts to customers, and since they offer many diverse domain extensions, you will be able to provide domain and hosting services to individuals from all around the globe.