The Internet is an ever-increasing community that offers new options to make money on the Web. One of these possibilities is to become a domain name reseller and sell domains to end customers, making revenue from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domains are registered each and every day, and there are millions of presently active domains, so this is a growing marketing niche that you can become a part of.
TLDs and SLDs
A domain name is made of 2 components - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the top-level domain name 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 Domains comprise the most widely used domain extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names are made of 2-letter abbreviations that denote each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic TLD or a ccTLD, has a Registry - an organization that tackles the registrations and determines the requirements that each concrete TLD may involve, such as the length of the registration period or the residency of the registrant. Certain Registrar corporations operate under the Registry. These are the companies that in fact sell the domain name to customers and handle all DNS records.
Earn Cash From Selling Domain Names
Plenty of Registrars have reseller programs that enable individuals to gain cash from offering domains to end customers. If you register with such a program, you can build your own electronic business. As a rule, a domain name will be more inexpensive if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end client. The cause is that resellers can reach more customers in provinces or states where the Registrar may not be known at all. This implies more sales for the Registrar, so both sides will make a profit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar requires for the domain name registration.
Offer Top-Level Domain Names Under Your Very Own Brand Name
When you subscribe to a domain reseller program, you will get a hosting CP where you can choose the prices for the individual top-level domain names that the Registrar provides. Most firms also provide invoice management software and design layouts for your virtual storefront, and the automation of the whole procedure together with the immense demand for domains make the domain reseller business niche so seductive. You will either obtain a pre-developed website and utilize the Registrar system to resell domains, or they will give you access to their API (Application Programming Interface) so that you can set up your own site and form for placing orders. Usually, you have the opportunity to pick between the 2 options, so it all depends on how advanced you are in these things. As a domain reseller, you will sell on behalf of your very own personal brand and not under the Registrar's brand.
Make Profit From Offering Webspace Hosting Services Too
A reasonable addition to your domain reseller business would be to sell web hosting solutions as well. Thereby, you can offer a package deal to people who would like to develop their online portal and demand both a domain name and a site hosting package. A few corporations supply such options. With 'ResellersPanel', for instance, you can manage a Virtual Server or a dedicated server, and they will also give you a domain name reseller account and free-of-cost invoicing transaction software to bill your customers. You can then offer TLDs and shared hosting plans to clients, and since they offer lots of different domain extensions, you will be able to offer domain name and hosting services to clients from all over the globe.