The World Wide Web is an ever-flourishing system that supplies new possibilities to make cash online. One of these possibilities is to be a domain name reseller and sell domain names to end users, making profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domains are registered each and every day, and there are millions of currently functioning domain names, so this is a blooming business niche that you can become engaged in.
TLDs and SLDs
A domain consists of 2 components - 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.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The generic top-level domain names include the most widely used domain extensions like .com, .net, .org, .mobi, .info, while the country-code TLDs are made of two-letter abbreviations that stand for 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 Top-Level Domain or a ccTLD, has a Registry - an institution that tackles the registrations and sets the prerequisites that each given top-level domain name may contain, including the duration of the registration period or the residency of the registrant. A number of Registrar firms operate under the Registry. These are the companies that in fact sell the domain name to customers and manage all domain records.
Gain Money From Offering Domain Names
A lot of Registrars have reseller programs that enable individuals to make cash from offering domains to end clients. If you register with such a program, you can set up your own personal electronic business. Normally, a domain name will cost less if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end user. The cause is that resellers can contact more persons in regional communities or states where the Registrar may not be popular at all. This means more sales for the Registrar, so both sides will make a profit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar charges for the domain registration.
Offer Domain Names On Behalf Of Your Personal Trademark Name
When you subscribe to a domain reseller program, you will get a web hosting Control Panel where you can set the prices for the different TLDs that the Registrar provides. Most companies also offer billing transaction software and design themes for your web shop, and the automation of the whole procedure combined with the strong demand for domain names render the domain name reseller business so desirable. You will either receive a pre-made site and make use of the Registrar system to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can create your very own web page and order form. Normally, you have the opportunity to decide between the two alternatives, so it all revolves around how advanced you are in these matters. As a domain name reseller, you will do business on behalf of your personal trademark name and not on behalf of the Registrar's brand.
Make Revenue From Providing Web Site Hosting Plans As Well
A reasonable addition to your domain reseller business would be to sell web hosting packages too. In this way, you can give a package deal to clients who wish to establish their site and need both a domain and a webspace hosting plan. A number of firms supply such options. With 'ResellersPanel', for instance, you can run a Virtual Server or a dedicated server, and they will also give you a domain name reseller account and free-of-cost invoice management software to charge your clients. You can then sell Top-Level Domains and shared web hosting plans to clients, and since they offer many diverse domain name extensions, you will be able to offer domain name and hosting services to individuals from all around the world.