The World Wide Web is an ever-expanding system that delivers new opportunities to make money online. One of them is to be a domain name reseller and offer domain names to end clients, earning revenue from the difference between the wholesale and the retail price of each and every domain name. 1000's of domain names are registered every day, and there are 1 000 000's of presently active domain names, so this is an enlarging business niche that you can be engaged in.
Top-Level and Second-Level Domains
A domain is composed of two constituents - 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 and "domain" is the SLD.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic TLDs include the most widespread domain name extensions such as .com, .net, .org, .mobi, .info, whereas the ccTLDs include 2-letter abbreviations that denote each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a country-code top-level domain name, has a Registry - an institution that tackles the registrations and sets the preconditions that each concrete top-level domain name may impose, such as the length of the registration period or the residency of the registrant. Certain Registrar corporations work under the Registry. These are the companies that actually sell the domain name to clients and handle all domain resource records.
Earn Cash From Reselling Domain Names
Lots of Registrars have reseller programs that allow people to make money from selling domain names to end clients. If you subscribe to such a program, you can commence your own online business. As a rule, a domain will be cheaper if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end user. The cause is that resellers can contact more persons in regions or countries where the Registrar may not be famous at all. This implies more sales for the Registrar, so both sides will take advantage of that. Your revenue will be the difference between the price that the user pays and the one that the Registrar charges for the domain registration.
Offer Top-Level Domain Names Under Your Own Trademark Name
When you sign up for a domain name reseller program, you will have a webspace hosting Control Panel where you can settle the prices for the individual Top-Level Domains that the Registrar provides. Most companies also provide invoice management software and layouts for your web store, and the automation of the entire process together with the high demand for domain names make the domain name reseller market so tempting. You will either receive a ready-to-use website and avail of the Registrar platform to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can build your very own personal site and form for placing orders. Typically, you have the option to select between the two options, so it all revolves around how expert you are in these matters. As a domain reseller, you will work under your very own personal brand and not under the Registrar's brand.
Gain Profit From Providing Webspace Hosting Packages As Well
A logical addition to your domain reseller business would be to sell web hosting services too. In this way, you can offer a package deal to customers who want to develop their web portal and require both a domain and a site hosting account. Some 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 name reseller account and cost-free invoice software to bill your customers. You can then offer domains and shared hosting plans to clients, and since they provide lots of diverse domain extensions, you will be able to offer domain name and hosting services to clients from all around the globe.