The Internet is an ever-developing platform that generates new options to make cash on the Web. One of these options is to become a domain reseller and sell domain names to end clients, generating profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered each day, and there are 1 000 000's of presently functioning domains, so this is a blooming marketing niche that you can be involved in.
Top-Level and Second-Level Domains Names
A domain name is made of 2 parts - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the top-level domain name and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The top-level domain names can be generic or country code. The generic top-level domain names include the most conventional domain extensions such as .com, .net, .org, .mobi, .info, while the ccTLDs include 2-letter abbreviations that symbolize each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a gTLD or a country-code TLD, has a Registry - an organization that deals with the registrations and sets the requirements that each specific top-level domain name may include, including the length of the registration term or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the corporations that actually sell the domain name to customers and administer all domain name resource records.
Earn Money From Reselling Domains
Many Registrars have reseller programs that enable individuals to gain cash from selling domain names to end customers. If you sign up for such a program, you can initiate your own personal online business. Normally, a domain will be more inexpensive if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end client. The explanation is that resellers can reach more clients in regional communities or countries where the Registrar may not be known whatsoever. This implies more sales for the Registrar, so both sides will take advantage of that. Your profit will be the difference between the price that the client pays and the one that the Registrar charges for the domain name registration.
Trade Top-Level Domains Under Your Personal Brand
When you sign up for a domain reseller program, you will receive a website hosting Control Panel where you can set the prices for the specific top-level domain names that the Registrar offers. Most corporations also offer billing transaction software and web design themes for your web store, and the automation of the whole process coupled with the increasing demand for domain names make the domain reseller business so desirable. You will either acquire a ready-for-use website and use the Registrar system to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can set up your own personal portal and order form. Usually, you have the opportunity to select between the two options, so it all depends on how proficient you are in these matters. As a domain reseller, you will work under your very own brand name and not on behalf of the Registrar's.
Gain Profit From Supplying Website Hosting Packages As Well
An adequate 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 wish to manage their web portal and demand both a domain and a site hosting plan. Particular firms provide such options. With 'ResellersPanel', for example, you can have a Virtual Private Server or a dedicated server, and they will also give you a domain reseller account and free invoice software to charge your clients. You can then sell Top-Level Domains and shared website hosting packages to customers, and since they offer a lot of different domain name extensions, you will be able to offer domain and hosting services to clients from all around the globe.