The World Wide Web is an ever-flourishing platform that provides new possibilities to gain money on the Internet. One of them is to become a domain name reseller and offer domain names to end customers, making revenue from the difference between the wholesale and the retail price of each and every domain name. Thousands of domain names are registered each and every day, and there are millions of presently functioning domains, so this is an expanding marketing niche that you can be a part of.
TLDs and SLDs
A domain name contains 2 pieces - 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.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic Top-Level Domains comprise the best known domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names comprise two-letter abbreviations that denote each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a gTLD or a ccTLD, has a Registry - an institution that deals with the registrations and determines the preconditions that each concrete Top-Level Domain may entail, among them the length of the registration term or the residency of the registrant. A number of Registrar companies work under the Registry. These are the corporations that actually offer the domain name to customers and administer all DNS records.
Make Cash From Offering Domain Names
A lot of Registrars have reseller programs that permit people to earn cash from selling domains to end users. If you sign up for such a program, you can launch your own personal e-business. Normally, a domain will be more inexpensive if it is registered through a reseller rather than if it is bought directly from the Registrar by an end user. The explanation is that resellers can contact more clients in areas or countries where the Registrar may not be known at all. This means more sales for the Registrar, so both sides will benefit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar charges for the domain registration.
Resell Domain Names On Behalf Of Your Own Personal Trademark Name
When you register with a domain reseller program, you will receive a website hosting Control Panel where you can choose the prices for the separate TLDs that the Registrar provides. Most firms also provide billing transaction software and layouts for your online storefront, and the automation of the entire procedure coupled with the enlarging demand for domains render the domain name reseller market so desirable. You will either have a pre-made site and utilize the Registrar platform to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can create your own personal website and order form. Generally, you have the option to decide between the 2 options, so it all depends on how accomplished you are in these matters. As a domain name reseller, you will operate on behalf of your own trademark name and not on behalf of the Registrar's brand.
Gain Cash From Promoting Website Hosting Accounts Too
A proper addition to your domain name reseller business would be to sell web hosting services as well. Thereby, you can offer a package deal to customers who would like to set up their online portal and require both a domain name and a webspace hosting plan. Some companies offer such options. With 'ResellersPanel', for example, you can have a Virtual Server or a dedicated server, and they will also offer you a domain name reseller account and charge-free invoice software to charge your customers. You can then sell domain names and shared website hosting packages to customers, and since they offer plenty of different domain extensions, you will be able to provide domain and hosting services to people from all over the globe.