The World Wide Web is an ever-expanding system that delivers new opportunities to earn money online. One of these opportunities is to be a domain reseller and sell domains to end clients, making profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered each and every day, and there are millions of presently functioning domains, so this is a flowering business niche that you can be involved in.
Top-Level and Second-Level Domains
A domain name includes 2 parts - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic TLDs include the most widely used domain name extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs involve two-letter abbreviations that symbolize each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a ccTLD, has a Registry - an institution that handles the registrations and sets the requirements that each particular Top-Level Domain may contain, such as the length of the registration term or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the corporations that in fact offer the domain name to clients and handle all domain name resource records.
Gain Profit From Offering Domain Names
Multiple Registrars have reseller programs that allow people to make revenue from selling domain names to end customers. If you register with such a program, you can kick off your own electronic business. Commonly, a domain will be cheaper if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end customer. The reason is that resellers can reach more people in local districts or states where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both parties will earn a profit from that. Your revenue will be the difference between the price that the user pays and the one that the Registrar imposes for the domain registration.
Resell Domain Names Under Your Own Brand
When you register with a domain reseller program, you will obtain a web space hosting CP where you can fix the prices for the separate Top-Level Domains that the Registrar offers. Most firms also provide invoicing transaction software and web page layouts for your online storefront, and the automation of the whole procedure together with the towering demand for domains render the domain reseller business so desirable. You will either acquire a pre-built web site and make use of the Registrar system to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can build your own personal site and form for placing orders. Traditionally, you have the opportunity to pick between the two possibilities, so it all depends on how skillful you are in these issues. As a domain name reseller, you will work under your own brand and not under the Registrar's.
Make Profit From Supplying Hosting Packages As Well
A proper addition to your domain reseller business would be to sell web hosting plans as well. Thus, you can offer a package deal to people who want to develop their site and need both a domain and a website hosting account. A few companies furnish such options. With 'ResellersPanel', for instance, you can order a VPS or a dedicated server, and they will also give you a domain name reseller account and charge-free invoice management software to charge your customers. You can then sell Top-Level Domains and shared hosting packages to clients, and since they provide lots of diverse domain name extensions, you will be able to offer domain and hosting services to users from all around the globe.