The World Wide Web is an ever-flourishing network that furnishes new opportunities to gain money on the Internet. One of these ways is to be a domain name reseller and sell domain names to end users, earning profit from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domain names are registered every day, and there are 1 000 000's of presently functioning domain names, so this is an expanding business niche that you can become involved in.
TLDs and SLDs
A domain consists of 2 components - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic top-level domain names include the most famous domain extensions such as .com, .net, .org, .mobi, .info, whereas the ccTLDs involve two-character abbreviations that correspond to each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a country-code one, has a Registry - an organization that tackles the registrations and determines the preconditions that each concrete TLD may involve, among them the length of the registration period or the residency of the registrant. Certain Registrar companies operate under the Registry. These are the firms that actually offer the domain name to customers and handle all domain name records.
Gain Revenue From Offering Domains
Multiple Registrars have reseller programs that permit individuals to earn revenue from selling domains to end clients. If you subscribe to such a program, you can start your very own web business. Regularly, a domain name will be cheaper if it is registered through a reseller rather than if it is bought straight from the Registrar by an end customer. The reason is that resellers can contact more customers in areas or countries where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both parties will earn a profit from 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.
Sell Domains Under Your Very Own Personal Brand Name
When you register with a domain name reseller program, you will acquire a web page hosting Control Panel where you can choose the prices for the individual TLDs that the Registrar offers. Most corporations also provide billing management software and web design themes for your virtual shop, and the automation of the whole process coupled with the enormous demand for domain names make the domain name reseller business niche so seductive. You will either receive a pre-developed website and make use of the Registrar platform to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can make your own web site and order form. Normally, you have the opportunity to decide between the 2 alternatives, so it all depends on how expert you are in these issues. As a domain reseller, you will do business on behalf of your very own personal brand and not under the Registrar's brand.
Gain Cash From Offering Web Space Hosting Plans Too
A logical addition to your domain name reseller business would be to sell web hosting packages as well. Thereby, you can offer a package deal to persons who desire to have their site and need both a domain and a web hosting account. Some companies provide such options. With 'ResellersPanel', for instance, you can purchase a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and free invoicing software to charge your customers. You can then sell TLDs and shared hosting plans to clients, and since they offer many diverse domain extensions, you will be able to offer domain name and hosting services to customers from all over the world.