The World Wide Web is an ever-increasing community that offers new ways to earn cash on the Web. One of them is to be a domain name reseller and sell domain names to end clients, generating revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered each and every day, and there are 1 000 000's of currently active domains, so this is a growing business niche that you can become engaged in.
TLDs and SLDs
A domain name is made of two components - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic TLDs comprise the most famous domain extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs are made of two-character abbreviations that signify 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 ccTLD, has a Registry - an organization that handles the registrations and sets the preconditions that each concrete Top-Level Domain may contain, including the duration of the registration period or the residency of the registrant. A number of Registrar firms work under the Registry. These are the corporations that actually offer the domain name to customers and manage all domain records.
Make Money From Selling Domain Names
Plenty of Registrars have reseller programs that permit people to earn money from selling domains to end users. If you sign up for such a program, you can kick off your own personal Internet business. As a rule, a domain name will be cheaper if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end customer. The explanation is that resellers can reach more clients in areas or states where the Registrar may not be famous at all. This means more sales for the Registrar, so both sides will make a profit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar imposes for the domain registration.
Resell Domains On Behalf Of Your Very Own Brand
When you sign up for a domain reseller program, you will have a web site hosting Control Panel where you can select the prices for the individual Top-Level Domains that the Registrar offers. Most firms also offer invoicing transaction software and skins for your web storefront, and the automation of the entire procedure coupled with the enormous demand for domains render the domain name reseller market niche so attractive. You will either get a turn-key site and avail of the Registrar system to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can make your very own personal site and order form. Generally, you have the opportunity to decide between the two options, so it all depends on how proficient you are in these matters. As a domain name reseller, you will do business on behalf of your very own personal trademark name and not under the Registrar's.
Gain Profit From Reselling Web Space Hosting Accounts As Well
A good supplement to your domain reseller business would be to sell web hosting plans as well. Thus, you can give a package deal to individuals who want to develop their website and demand both a domain name and a webspace hosting package. A few companies provide such options. With 'ResellersPanel', for instance, you can have a VPS or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost invoice transaction software to charge your clients. You can then sell TLDs and shared hosting packages to customers, and since they offer plenty of diverse domain name extensions, you will be able to offer domain and hosting services to clients from all around the globe.