The World Wide Web is an ever-enlarging community that generates new options to make money on the Internet. One of these ways is to become a domain reseller and offer domain names to end customers, earning profit from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered each day, and there are 1 000 000's of currently active domain names, so this is a developing marketing niche that you can become involved in.
Top-Level and Second-Level Domains Names
A domain name comprises two entities - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic top-level domain names comprise the most common domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names contain 2-character abbreviations that denote each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic top-level domain name or a country-code Top-Level Domain, has a Registry - an institution that deals with the registrations and determines the requirements that each concrete Top-Level Domain may include, such as the duration of the registration period or the citizenship of the registrant. Certain Registrar corporations operate under the Registry. These are the firms that in fact offer the domain name to customers and administer all domain records.
Gain Money From Reselling Domain Names
Many Registrars have reseller programs that permit individuals to gain cash from selling domains to end users. If you subscribe to such a program, you can set up your own personal web business. Generally, a domain will be more inexpensive if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end client. The reason is that resellers can contact more clients in regions or states where the Registrar may not be known 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.
Offer TLDs On Behalf Of Your Personal Brand Name
When you register with a domain reseller program, you will obtain a CP where you can determine the prices for the different top-level domain names that the Registrar provides. Most companies also offer billing management software and web layouts for your virtual shop, and the automation of the whole procedure together with the increasing demand for domain names make the domain name reseller industry so seductive. You will either obtain a turn-key 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 set up your own web portal and form for placing orders. Traditionally, you have the option to choose between the 2 options, so it all revolves around how accomplished you are in these things. As a domain name reseller, you will work under your own personal brand name and not under the Registrar's.
Gain Profit From Promoting Web Site Hosting Services Too
A relevant addition to your domain reseller business would be to sell web hosting services as well. Thereby, you can offer a package deal to individuals who desire to launch their site and need both a domain name and a site hosting account. A few firms supply such options. With 'ResellersPanel', for instance, you can manage a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and free billing management software to charge your clients. You can then sell top-level domain names and shared hosting plans to clients, and since they provide a lot of different domain name extensions, you will be able to offer domain and hosting services to people from all around the globe.