The World Wide Web is an ever-flourishing network that generates new options to gain cash online. One of them is to become a domain name reseller and sell domains to end users, making revenue from the difference between the wholesale and the retail cost of each domain name. Thousands of domain names are registered every day, and there are millions of presently functioning domain names, so this is a growing business niche that you can become engaged in.
TLDs and SLDs
A domain name is composed of 2 constituents - 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.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic top-level domain names comprise the most famous domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs consist of 2-letter abbreviations that correspond to each country. Examples 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 top-level domain name or a country-code one, has a Registry - an organization that tackles the registrations and determines the prerequisites that each given top-level domain name may impose, among them the duration of the registration period or the citizenship of the registrant. Certain Registrar corporations work under the Registry. These are the corporations that in fact offer the domain name to customers and administer all domain name resource records.
Gain Profit From Reselling Domain Names
A lot of Registrars have reseller programs that permit individuals to gain profit from selling domain names to end users. If you sign up for such a program, you can kick off your very own web business. Regularly, a domain name will be cheaper if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end customer. The cause is that resellers can contact more individuals in provinces or states where the Registrar may not be known whatsoever. This implies more sales for the Registrar, so both sides will profit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar levies for the domain name registration.
Offer Domains Under Your Personal Trademark Name
When you sign up for a domain name reseller program, you will acquire a web site hosting CP where you can select the prices for the separate Top-Level Domains that the Registrar offers. Most firms also provide invoice software and layouts for your web store, and the automation of the whole process coupled with the high demand for domain names make the domain reseller market so seductive. You will either have a pre-made web site and use the Registrar system to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can create your own personal web site and form for placing orders. Commonly, you have the option to decide between the two options, so it all revolves around how skilled you are in these issues. As a domain name reseller, you will operate under your very own personal trademark name and not under the Registrar's.
Gain Revenue From Promoting Web Page Hosting Plans As Well
A suitable addition to your domain reseller business would be to sell web hosting packages as well. In this way, you can give a package deal to users who desire to establish their site and demand both a domain name and a web page hosting plan. A number of corporations provide such options. With 'ResellersPanel', for example, you can buy a VPS or a dedicated server, and they will also offer you a domain reseller account and free-of-charge invoice software to charge your clients. You can then sell top-level domain names and shared web hosting accounts to clients, and since they offer plenty of diverse domain extensions, you will be able to offer domain and hosting services to clients from all over the globe.