The Internet is an ever-expanding community that provides new ways to make cash online. One of them is to be a domain name reseller and offer domains to end clients, earning revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered each and every day, and there are 1 000 000's of presently active domains, so this is an increasing marketing niche that you can be engaged in.
TLDs and SLDs
A domain name is composed of 2 parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the TLD and "domain" is the Second-Level Domain.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic TLDs comprise the most famous domain name extensions like .com, .net, .org, .mobi, .info, while the country-code TLDs are composed of two-letter abbreviations that represent each country. Instances of ccTLDs 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 impose, like the length of the registration term or the residency of the registrant. A number of Registrar corporations operate under the Registry. These are the companies that actually offer the domain name to customers and manage all domain name resource records.
Gain Cash From Reselling Domain Names
Numerous Registrars have reseller programs that allow people to gain money from selling domains to end clients. If you register with such a program, you can start your very own personal online business. Generally, a domain will cost less if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end client. The reason is that resellers can reach more people in areas or countries where the Registrar may not be popular at all. This implies more sales for the Registrar, so both sides will capitalize on that. Your revenue will be the difference between the price that the user pays and the one that the Registrar imposes for the domain name registration.
Offer Top-Level Domains On Behalf Of Your Own Personal Brand Name
When you register with a domain reseller program, you will receive a hosting CP where you can select the prices for the different top-level domain names that the Registrar provides. Most companies also offer invoicing software and templates for your virtual store, and the automation of the entire process combined with the increasing demand for domain names make the domain reseller market so desirable. You will either acquire a pre-developed website and utilize the Registrar platform to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can set up your own portal and form for placing orders. Generally, you have the opportunity to select between the two possibilities, so it all depends on how skillful you are in these issues. As a domain name reseller, you will sell on behalf of your very own trademark name and not on behalf of the Registrar's.
Gain Cash From Trading Web Hosting Plans As Well
A logical supplement to your domain reseller business would be to sell web hosting packages too. Thereby, you can offer a package deal to users who would like to build their site and need both a domain and a web page hosting package. A few corporations furnish such options. With 'ResellersPanel', for example, you can order a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and cost-free billing transaction software to charge your clients. You can then offer Top-Level Domains and shared web hosting packages to customers, and since they offer lots of diverse domain name extensions, you will be able to offer domain name and hosting services to people from all over the world.