The World Wide Web is an ever-growing community that provides new opportunities to make cash online. One of these options is to become a domain name reseller and offer domains to end users, gaining revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered each and every day, and there are 1 000 000's of currently active domain names, so this is a developing marketing niche that you can be involved in.
Top-Level and Second-Level Domains
A domain involves 2 constituents - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic top-level domain names include the most famous domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names include two-character abbreviations that stand for each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic or a country-code one, has a Registry - an organization that manages the registrations and sets the preconditions that each particular top-level domain name may include, like the duration of the registration term or the residency of the registrant. Certain Registrar companies work under the Registry. These are the firms that actually sell the domain name to customers and handle all domain name records.
Gain Profit From Selling Domain Names
Plenty of Registrars have reseller programs that enable individuals to gain money from offering domain names to end customers. If you register with such a program, you can kickstart your own Internet business. Regularly, a domain name will cost less if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end client. The explanation is that resellers can reach more clients in regional districts or states where the Registrar may not be famous at all. This implies more sales for the Registrar, so both sides will cash in on that. Your profit will be the difference between the price that the user pays and the one that the Registrar imposes for the domain registration.
Trade Domain Names On Behalf Of Your Personal Brand
When you sign up for a domain name reseller program, you will acquire a CP where you can select the prices for the separate top-level domain names that the Registrar provides. Most corporations also offer invoice management software and website templates for your online shop, and the automation of the whole procedure combined with the strong demand for domain names render the domain name reseller business niche so alluring. You will either acquire a turn-key website and avail of the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your very own personal web site and form for placing orders. Typically, you have the opportunity to choose between the two alternatives, so it all revolves around how experienced you are in these affairs. As a domain reseller, you will sell on behalf of your very own personal brand and not under the Registrar's.
Make Profit From Trading Website Hosting Accounts Too
A good supplement to your domain reseller business would be to sell web hosting plans too. Thereby, you can give a package deal to persons who desire to make their website and demand both a domain and a hosting package. Some companies provide such options. With 'ResellersPanel', for instance, you can buy a VPS or a dedicated server, and they will also give you a domain reseller account and free-of-charge billing transaction software to bill your customers. You can then offer Top-Level Domains and shared web hosting packages to clients, and since they provide a lot of diverse domain extensions, you will be able to offer domain name and hosting services to users from all over the world.