The Internet is an ever-expanding community that delivers new options to earn money on the Web. One of them is to be a domain reseller and offer domain names to end customers, generating profit from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domains are registered each day, and there are millions of currently functioning domains, so this is a developing business niche that you can become involved in.
Top-Level and Second-Level Domains
A domain name comprises 2 parts - a Top-Level Domain (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 name.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic top-level domain names comprise the most widely used domain name extensions such as .com, .net, .org, .mobi, .info, while the ccTLDs consist of 2-character abbreviations that correspond to each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a ccTLD, has a Registry - an organization that manages the registrations and sets the prerequisites that each specific top-level domain name may entail, such as the duration of the registration period or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the corporations that actually offer the domain name to clients and administer all DNS resource records.
Make Revenue From Reselling Domains
Multiple Registrars have reseller programs that enable individuals to make revenue from selling domains to end customers. If you register with such a program, you can establish your own personal online business. Commonly, a domain name will cost less if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end customer. The reason is that resellers can reach more persons in local districts or countries where the Registrar may not be known at all. This implies more sales for the Registrar, so both sides will make a profit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar levies for the domain name registration.
Offer TLDs On Behalf Of Your Personal Brand Name
When you subscribe to a domain name reseller program, you will receive a web site hosting Control Panel where you can determine the prices for the individual top-level domain names that the Registrar provides. Most firms also offer invoicing transaction software and design skins for your online storefront, and the automation of the entire procedure combined with the enlarging demand for domain names render the domain reseller business niche so attractive. You will either receive a ready-made web 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 own personal site and order form. Normally, you have the opportunity to select between the two options, so it all depends on how accomplished you are in these issues. As a domain reseller, you will do business on behalf of your very own trademark name and not under the Registrar's.
Gain Profit From Trading Hosting Services Too
An appropriate addition to your domain reseller business would be to sell web hosting services as well. In this way, you can give a package deal to persons who want to have their online portal and require both a domain name and a web page hosting account. Some companies provide such options. With 'ResellersPanel', for instance, you can order a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and charge-free invoice transaction software to bill your customers. You can then offer domains and shared hosting plans to clients, and since they provide a lot of different domain extensions, you will be able to offer domain and hosting services to users from all over the world.