The World Wide Web is an ever-growing system that provides new opportunities to earn cash on the Web. One of them is to be a domain name reseller and sell domains to end customers, generating revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered each day, and there are millions of presently active domains, so this is a blooming business niche that you can become a part of.
TLDs and SLDs
A domain is composed of 2 pieces - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the SLD.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic top-level domain names comprise the most famous domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs involve two-letter abbreviations that signify each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a gTLD or a country-code top-level domain name, has a Registry - an institution that is responsible for the registrations and sets the prerequisites that each concrete TLD may have, including the duration of the registration period or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the firms that in fact sell the domain name to clients and manage all DNS resource records.
Gain Revenue From Trading Domain Names
Many Registrars have reseller programs that allow individuals to make cash from offering domain names to end clients. If you subscribe to such a program, you can start your very own personal e-business. As a rule, a domain name will be cheaper 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 contact more persons in local communities or countries where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both parties will benefit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar imposes for the domain name registration.
Sell Domains Under Your Personal Brand
When you register with a domain reseller program, you will acquire a web page hosting CP where you can fix the prices for the different top-level domain names that the Registrar provides. Most firms also offer invoice software and website layouts for your web shop, and the automation of the entire process coupled with the high demand for domain names make the domain name reseller business niche so attractive. You will either have a ready-to-use website and avail of the Registrar platform to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can make your own portal and order form. Commonly, you have the option to decide between the 2 alternatives, so it all depends on how advanced you are in these things. As a domain reseller, you will do business on behalf of your very own personal brand name and not under the Registrar's brand.
Gain Money From Offering Web Page Hosting Packages As Well
An adequate addition to your domain name reseller business would be to sell web hosting services too. Thus, you can give a package deal to users who wish to establish their web portal and require both a domain and a web hosting plan. Particular companies furnish such options. With 'ResellersPanel', for example, you can buy a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain reseller account and charge-free invoice management software to charge your customers. You can then sell top-level domain names and shared web hosting accounts to clients, and since they provide many diverse domain name extensions, you will be able to provide domain name and hosting services to customers from all over the globe.