The World Wide Web is an ever-increasing system that provides new possibilities to gain money online. One of these ways is to be a domain name reseller and offer domain names to end users, making profit from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domain names are registered each day, and there are 1 000 000's of currently functioning domains, so this is a blossoming trading niche that you can be engaged in.
TLDs and SLDs
A domain name contains two parts - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The generic top-level domain names include the most popular domain extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names comprise 2-character abbreviations that represent each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a country-code one, has a Registry - an institution that manages the registrations and sets the requirements that each particular TLD may include, including the duration of the registration term or the residency of the registrant. Certain Registrar corporations work under the Registry. These are the companies that in fact offer the domain name to clients and administer all DNS resource records.
Earn Money From Offering Domains
Multiple Registrars have reseller programs that enable people to gain revenue from selling domain names to end customers. If you register with such a program, you can initiate your very own personal online business. Normally, a domain will cost less if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end user. The explanation is that resellers can contact more persons in local communities or countries where the Registrar may not be popular at all. This implies more sales for the Registrar, so both sides will cash in on 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.
Offer Domain Names On Behalf Of Your Personal Brand
When you register with a domain reseller program, you will have a website hosting CP where you can select the prices for the individual Top-Level Domains that the Registrar provides. Most firms also offer billing software and web design layouts for your online shop, and the automation of the entire process together with the growing demand for domains render the domain name reseller market niche so tempting. You will either get a ready-to-use website and avail of 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 very own personal web portal and form for placing orders. Commonly, you have the option to choose between the 2 possibilities, so it all depends on how practiced you are in these affairs. As a domain reseller, you will work under your own personal brand and not on behalf of the Registrar's.
Earn Profit From Providing Website Hosting Solutions Too
A suitable addition to your domain reseller business would be to sell web hosting packages too. Thus, you can offer a package deal to users who want to manage their web page and need both a domain and a hosting package. Some firms offer such options. With 'ResellersPanel', for instance, you can have a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and charge-free invoicing transaction software to charge your clients. You can then sell domains and shared hosting packages to clients, and since they provide many diverse domain extensions, you will be able to offer domain name and hosting services to customers from all over the world.