The Internet is an ever-flourishing platform that generates new possibilities to gain money on the Internet. One of these possibilities is to become a domain name reseller and offer domains to end clients, making profit from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domains are registered each and every day, and there are 1 000 000's of currently active domains, so this is a thriving marketing niche that you can become a part of.
Top-Level and Second-Level Domains
A domain name involves two components - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The TLDs can be generic or country code. The gTLDs comprise the most common domain name extensions like .com, .net, .org, .mobi, .info, while the ccTLDs consist of 2-letter abbreviations that denote each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a country-code Top-Level Domain, has a Registry - an organization that handles the registrations and sets the prerequisites that each specific Top-Level Domain may contain, such as the duration of the registration term or the residency of the registrant. A number of Registrar companies operate under the Registry. These are the companies that in fact offer the domain name to customers and administer all domain name resource records.
Gain Cash From Offering Domains
A lot of Registrars have reseller programs that allow individuals to earn cash from selling domains to end users. If you register with such a program, you can begin your own personal web business. Commonly, a domain name will be more inexpensive if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end client. The reason is that resellers can contact more customers in regional communities or countries where the Registrar may not be known at all. This implies more sales for the Registrar, so both sides will benefit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar levies for the domain name registration.
Offer Domains On Behalf Of Your Own Brand
When you sign up for a domain reseller program, you will receive a site hosting CP where you can set the prices for the various Top-Level Domains that the Registrar provides. Most corporations also provide invoice management software and web design skins for your online shop, and the automation of the entire procedure combined with the large demand for domain names render the domain name reseller business niche so attractive. You will either obtain a pre-built site and utilize the Registrar platform to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can build your very own online portal and order form. Generally, you have the opportunity to select between the two alternatives, so it all revolves around how accomplished you are in these matters. As a domain name reseller, you will do business under your own personal brand name and not under the Registrar's brand.
Gain Profit From Promoting Web Space Hosting Accounts As Well
A proper addition to your domain reseller business would be to sell web hosting solutions as well. Thereby, you can offer a package deal to customers who would like to set up their website and demand both a domain and a site hosting account. A number of corporations supply such options. With 'ResellersPanel', for example, you can have a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and free-of-charge invoice software to charge your customers. You can then sell Top-Level Domains and shared hosting plans to clients, and since they offer lots of different domain name extensions, you will be able to offer domain name and hosting services to individuals from all over the world.