The World Wide Web is an ever-developing platform that generates new possibilities to make cash on the Internet. One of these options is to be a domain reseller and sell domains to end clients, gaining revenue from the difference between the wholesale and the retail price of each and every domain name. Thousands of domain names are registered each day, and there are 1 000 000's of presently active domain names, so this is a thriving business niche that you can become engaged in.
TLDs and SLDs
A domain consists of 2 components - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the second-level domain name.
gTLDs and ccTLDs
The TLDs can be generic or country code. The generic TLDs comprise the most widely used domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains comprise 2-letter abbreviations that correspond to each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a ccTLD, has a Registry - an institution that tackles the registrations and sets the requirements that each concrete Top-Level Domain may contain, among them the duration of the registration period or the residency of the registrant. A number of Registrar firms operate under the Registry. These are the firms that in fact sell the domain name to clients and handle all domain name records.
Make Money From Reselling Domains
Multiple Registrars have reseller programs that enable individuals to earn money from offering domain names to end customers. If you register with such a program, you can initiate your own electronic business. As a rule, a domain will be cheaper if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end user. The reason is that resellers can contact more individuals in regions or states where the Registrar may not be popular at all. This implies more sales for the Registrar, so both parties will benefit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar charges for the domain registration.
Offer Domains On Behalf Of Your Personal Brand Name
When you sign up for a domain reseller program, you will acquire a web hosting Control Panel where you can set the prices for the separate top-level domain names that the Registrar provides. Most firms also provide invoice transaction software and web design templates for your web storefront, and the automation of the whole process combined with the huge demand for domains make the domain name reseller business so desirable. You will either have a ready-made web site and use the Registrar platform to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can set up your own personal web site and order form. Typically, you have the option to decide between the 2 alternatives, so it all depends on how trained you are in these affairs. As a domain reseller, you will operate under your own brand name and not on behalf of the Registrar's brand.
Make Profit From Supplying Site Hosting Plans As Well
An appropriate addition to your domain name reseller business would be to sell web hosting plans too. In this way, you can give a package deal to clients who desire to establish their web page and need both a domain name and a web page hosting account. Some companies furnish such options. With 'ResellersPanel', for instance, you can purchase a Virtual Server or a dedicated server, and they will also offer you a domain name reseller account and cost-free invoicing transaction software to charge your clients. You can then offer TLDs and shared website hosting packages to clients, and since they provide a lot of different domain extensions, you will be able to provide domain and hosting services to users from all around the globe.