The Internet is an ever-growing network that delivers new opportunities to earn cash on the Web. One of these ways is to become a domain reseller and sell domains to end customers, making profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domain names are registered each day, and there are 1 000 000's of currently functioning domains, so this is an enlarging marketing niche that you can be a part of.
Top-Level and Second-Level Domains
A domain is composed of 2 parts - 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 TLDs
The top-level domain names can be generic or country code. The generic TLDs comprise the most famous domain name extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains are made of two-letter abbreviations that denote each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic top-level domain name or a ccTLD, has a Registry - an institution that is responsible for the registrations and determines the preconditions that each concrete top-level domain name may have, like the duration of the registration term or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the companies that actually offer the domain name to clients and handle all DNS records.
Gain Revenue From Reselling Domain Names
Many Registrars have reseller programs that allow individuals to make profit from selling domain names to end customers. If you subscribe to such a program, you can build your very own personal web business. Generally, a domain will be more inexpensive if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end customer. The reason is that resellers can reach more persons in local regions or countries where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both sides will capitalize on 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.
Offer Top-Level Domain Names Under Your Personal Brand
When you sign up for a domain reseller program, you will receive a web space hosting Control Panel where you can set the prices for the specific TLDs that the Registrar provides. Most corporations also provide invoice transaction software and web design skins for your virtual shop, and the automation of the whole procedure combined with the expanding demand for domain names make the domain reseller market so desirable. You will either receive a pre-made site and make use of the Registrar platform to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can build your very own site and form for placing orders. Usually, you have the option to choose between the 2 options, so it all revolves around how skillful you are in these issues. As a domain name reseller, you will sell on behalf of your personal brand name and not on behalf of the Registrar's brand.
Make Revenue From Trading Website Hosting Packages Too
A logical supplement to your domain reseller business would be to sell web hosting solutions as well. Thereby, you can give a package deal to persons who desire to create their web page and need both a domain name and a web page hosting package. Some companies offer such options. With 'ResellersPanel', for example, you can order a Virtual Private 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 offer domain names and shared website hosting packages to customers, and since they provide plenty of diverse domain extensions, you will be able to provide domain and hosting services to individuals from all around the globe.