The World Wide Web is an ever-expanding platform that generates new possibilities to make money on the Web. One of them is to become a domain name reseller and offer domain names to end users, generating profit from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domains are registered each day, and there are 1 000 000's of presently active domain names, so this is a thriving business niche that you can be engaged in.
TLDs and SLDs
A domain consists of two pieces - a Top-Level Domain (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 Second-Level Domain.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The gTLDs include the most widespread domain name extensions such as .com, .net, .org, .mobi, .info, while the ccTLDs are composed of 2-character abbreviations that stand for each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic TLD or a country-code Top-Level Domain, has a Registry - an institution that manages the registrations and determines the prerequisites that each specific top-level domain name may impose, like the length of the registration term or the citizenship of the registrant. A number of Registrar firms work under the Registry. These are the firms that in fact sell the domain name to customers and manage all domain records.
Make Profit From Selling Domain Names
A lot of Registrars have reseller programs that enable people to earn cash from offering domains to end users. If you register with such a program, you can commence your very own personal electronic business. Generally, a domain name will cost less if it is registered through a reseller rather than if it is bought directly from the Registrar by an end customer. The reason is that resellers can contact more people in areas or states where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both sides will capitalize on that. Your profit will be the difference between the price that the user pays and the one that the Registrar charges for the domain name registration.
Offer TLDs Under Your Personal Brand Name
When you register with a domain reseller program, you will have a CP where you can choose the prices for the various top-level domain names that the Registrar offers. Most firms also provide invoicing transaction software and web page themes for your virtual storefront, and the automation of the entire procedure combined with the big demand for domain names render the domain reseller business so alluring. You will either have a ready-for-use website and use the Registrar platform to sell domains, or they will give you access to their API (Application Programming Interface) so that you can build your own personal web page and form for placing orders. Normally, you have the opportunity to pick between the two alternatives, so it all depends on how expert you are in these matters. As a domain reseller, you will sell on behalf of your own personal brand name and not under the Registrar's brand.
Gain Profit From Selling Web Hosting Packages As Well
A relevant supplement to your domain reseller business would be to sell web hosting accounts too. Thereby, you can offer a package deal to clients who wish to have their site and need both a domain name and a website hosting package. Certain corporations offer such options. With 'ResellersPanel', for instance, you can have a VPS or a dedicated server, and they will also give you a domain name reseller account and free-of-charge invoice transaction software to charge your customers. You can then offer domain names and shared website hosting packages to clients, and since they offer a lot of diverse domain name extensions, you will be able to offer domain name and hosting services to individuals from all around the globe.