The World Wide Web is an ever-developing platform that generates new opportunities to make money on the Internet. One of these opportunities is to become a domain reseller and offer domains to end customers, earning revenue from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered each and every day, and there are millions of currently functioning domains, so this is a developing business niche that you can be involved in.
TLDs and SLDs
A domain consists of two pieces - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The gTLDs include the most famous domain name extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs are made of two-letter abbreviations that symbolize each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic top-level domain name or a country-code top-level domain name, has a Registry - an institution that handles the registrations and sets the prerequisites that each concrete TLD may entail, like the length of the registration period or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the firms that in fact offer the domain name to customers and handle all domain name records.
Gain Money From Trading Domain Names
A lot of Registrars have reseller programs that permit people to gain revenue from selling domain names to end users. If you register with such a program, you can establish your very own online business. Regularly, a domain name will be cheaper if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end customer. The explanation is that resellers can contact more individuals in areas or countries where the Registrar may not be known at all. This means more sales for the Registrar, so both parties will profit from 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 Domain Names On Behalf Of Your Very Own Brand Name
When you subscribe to a domain reseller program, you will receive a web space hosting CP where you can choose the prices for the various TLDs that the Registrar provides. Most corporations also provide billing management software and web themes for your web shop, and the automation of the entire procedure combined with the immense demand for domains make the domain reseller business niche so seductive. You will either receive a turn-key website and avail of the Registrar system to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can make your own personal site and order form. Generally, you have the opportunity to choose between the 2 possibilities, so it all revolves around how skilled you are in these things. As a domain reseller, you will operate on behalf of your own personal trademark name and not under the Registrar's brand.
Make Money From Selling Web Page Hosting Accounts Too
A sensible supplement to your domain reseller business would be to sell web hosting packages as well. Thereby, you can offer a package deal to persons who wish to develop their online portal and need both a domain name and a website hosting plan. Particular companies have such options. With 'ResellersPanel', for instance, you can purchase a VPS or a dedicated server, and they will also offer you a domain name reseller account and free invoice management software to bill your customers. You can then offer top-level domain names and shared website hosting accounts to clients, and since they provide many different domain extensions, you will be able to provide domain and hosting services to customers from all over the world.