The World Wide Web is an ever-growing platform that supplies new ways to make cash online. One of these options is to be a domain name reseller and sell domains to end customers, earning revenue from the difference between the wholesale and the retail cost of each domain name. 1000's of domains are registered each and every day, and there are 1 000 000's of currently functioning domains, so this is a blossoming marketing niche that you can be engaged in.
Top-Level and Second-Level Domains
A domain name is made of 2 components - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The generic TLDs include the best known domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains include 2-letter abbreviations that represent each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic TLD or a country-code top-level domain name, has a Registry - an organization that handles the registrations and sets the preconditions that each concrete TLD may contain, including the duration of the registration term or the citizenship of the registrant. Certain Registrar corporations operate under the Registry. These are the firms that in fact sell the domain name to clients and administer all DNS resource records.
Gain Money From Reselling Domains
Plenty of Registrars have reseller programs that enable people to earn money from selling domains to end customers. If you register with such a program, you can commence your very own personal web business. Generally, a domain name will cost less if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end user. The explanation is that resellers can contact more persons in local districts or states where the Registrar may not be popular at all. This implies more sales for the Registrar, so both sides will benefit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar requires for the domain name registration.
Trade Domain Names Under Your Own Brand Name
When you sign up for a domain reseller program, you will have a Control Panel where you can determine the prices for the specific Top-Level Domains that the Registrar offers. Most corporations also provide billing software and web site templates for your online shop, and the automation of the entire process together with the strong demand for domains render the domain reseller industry so desirable. You will either receive a pre-developed website and make use of the Registrar system to resell domains, or they will give you access to their API (Application Programming Interface) so that you can make your very own portal and form for placing orders. Normally, you have the opportunity to decide between the 2 options, so it all depends on how expert you are in these matters. As a domain reseller, you will sell under your personal trademark name and not on behalf of the Registrar's brand.
Make Revenue From Promoting Web Space Hosting Solutions Too
A reasonable supplement to your domain reseller business would be to sell web hosting services as well. Thereby, you can offer a package deal to customers who want to manage their site and need both a domain name and a web site hosting account. Certain corporations provide such options. With 'ResellersPanel', for example, you can order a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and free billing management software to bill your clients. You can then sell Top-Level Domains 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 users from all around the world.