The World Wide Web is an ever-increasing system that offers new opportunities to earn money online. One of them is to be a domain reseller and offer domains to end customers, gaining profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered each and every day, and there are millions of currently functioning domains, so this is a flourishing business niche that you can be a part of.
TLDs and SLDs
A domain name contains 2 constituents - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The top-level domain names 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 TLDs include 2-letter abbreviations that denote each country. Instances of ccTLDs 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 manages the registrations and sets the prerequisites that each concrete TLD may include, such as the length of the registration period or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the firms that actually offer the domain name to customers and manage all domain records.
Gain Revenue From Reselling Domain Names
Multiple Registrars have reseller programs that allow individuals to make cash from offering domain names to end users. If you sign up for such a program, you can establish your own web business. Commonly, a domain will be more inexpensive if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end user. The cause is that resellers can reach more users in regions or countries where the Registrar may not be popular at all. This means more sales for the Registrar, so both sides will make a profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar levies for the domain registration.
Trade Top-Level Domain Names Under Your Own Brand Name
When you sign up for a domain name reseller program, you will receive a web site hosting CP where you can select the prices for the different top-level domain names that the Registrar provides. Most companies also offer invoicing software and web skins for your online storefront, and the automation of the whole procedure coupled with the strong demand for domain names make the domain reseller market so alluring. You will either have a ready-made site and make use of the Registrar system to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can make your very own personal portal and form for placing orders. Traditionally, you have the opportunity to pick between the two options, so it all revolves around how skilled you are in these affairs. As a domain name reseller, you will do business under your own brand and not under the Registrar's brand.
Gain Revenue From Trading Web Hosting Plans Too
A sensible supplement to your domain name reseller business would be to sell web hosting packages as well. Thus, you can offer a package deal to people who desire to establish their web portal and demand both a domain name and a web hosting plan. Particular companies furnish such options. With 'ResellersPanel', for example, you can have a Virtual Server or a dedicated server, and they will also give you a domain reseller account and free invoice software to charge your customers. You can then offer top-level domain names and shared hosting plans to customers, and since they provide plenty of different domain extensions, you will be able to provide domain and hosting services to users from all around the world.