The Internet is an ever-developing network that furnishes new ways to gain money online. One of them is to be a domain name reseller and offer domain names to end customers, gaining revenue from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domains are registered each day, and there are 1 000 000's of currently active domains, so this is a growing business niche that you can be involved in.
Top-Level and Second-Level Domains
A domain contains two entities - 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 Second-Level Domain.
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 popular domain name extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names involve 2-character abbreviations that symbolize each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic TLD or a country-code TLD, has a Registry - an institution that handles the registrations and determines the requirements that each concrete top-level domain name may have, including the duration of the registration term or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the firms that in fact offer the domain name to customers and administer all domain resource records.
Earn Revenue From Trading Domains
Many Registrars have reseller programs that permit individuals to earn revenue from selling domains to end users. If you subscribe to such a program, you can launch your own personal web business. Typically, a domain name will cost less if it is registered through a reseller rather than if it is bought straight from the Registrar by an end user. The cause is that resellers can contact more clients in regions or countries where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both parties will 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 Domain Names Under Your Very Own Personal Brand
When you sign up for a domain reseller program, you will get a webspace hosting CP where you can determine the prices for the separate top-level domain names that the Registrar provides. Most firms also provide invoicing software and web templates for your web store, and the automation of the entire process together with the enormous demand for domains make the domain reseller business niche so tempting. You will either acquire a ready-for-use web site and utilize 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 own web page and order form. Normally, you have the opportunity to decide between the 2 alternatives, so it all depends on how skillful you are in these matters. As a domain reseller, you will do business under your very own personal brand and not under the Registrar's brand.
Make Money From Selling Webspace Hosting Services As Well
A logical addition to your domain reseller business would be to sell web hosting services as well. Thus, you can offer a package deal to users who would like to have their web site and need both a domain name and a site hosting plan. A number of companies have such options. With 'ResellersPanel', for example, you can order a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and cost-free billing management software to charge your customers. You can then sell domain names and shared web hosting packages to customers, and since they offer plenty of diverse domain extensions, you will be able to offer domain name and hosting services to users from all around the world.