The World Wide Web is an ever-enlarging platform that generates new opportunities to gain cash on the Web. One of them is to become a domain reseller and sell domain names to end customers, generating profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domain names are registered each day, and there are millions of presently functioning domain names, so this is an enlarging marketing niche that you can become involved in.
Top-Level and Second-Level Domains
A domain comprises two pieces - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the top-level domain name and "domain" is the SLD.
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 famous domain name extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names comprise 2-letter abbreviations that signify each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic Top-Level Domain or a country-code top-level domain name, has a Registry - an institution that is responsible for the registrations and sets the prerequisites that each particular Top-Level Domain may involve, such as the duration of the registration period or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the companies that actually offer the domain name to clients and administer all domain resource records.
Make Revenue From Selling Domain Names
Many Registrars have reseller programs that permit people to make profit from offering domain names to end clients. If you sign up for such a program, you can build your very own electronic business. Regularly, a domain will be more inexpensive if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end customer. The explanation is that resellers can reach more individuals in local regions or countries where the Registrar may not be known at all. 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 levies for the domain registration.
Offer Top-Level Domains Under Your Own Trademark Name
When you sign up for a domain reseller program, you will have a web page hosting CP where you can select the prices for the various top-level domain names that the Registrar offers. Most firms also provide invoicing software and web page layouts for your online shop, and the automation of the whole process coupled with the significant demand for domains make the domain name reseller market so attractive. You will either get a pre-made website and avail of the Registrar system to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can make your own personal online portal and order form. Traditionally, you have the opportunity to decide between the 2 options, so it all depends on how experienced you are in these things. As a domain name reseller, you will do business under your very own brand name and not under the Registrar's.
Make Money From Providing Web Site Hosting Plans Too
A reasonable addition to your domain reseller business would be to sell web hosting plans too. Thus, you can give a package deal to individuals who would like to build their web portal and demand both a domain name and a webspace hosting package. A few corporations offer such options. With 'ResellersPanel', for instance, you can order a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and free-of-cost billing transaction software to bill your clients. You can then offer TLDs and shared hosting accounts to customers, and since they offer many different domain extensions, you will be able to provide domain name and hosting services to users from all around the world.