The World Wide Web is an ever-developing network that generates new ways to make cash on the Web. 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 domain name. Thousands of domain names are registered each day, and there are millions of currently functioning domain names, so this is a blooming trading niche that you can be engaged in.
TLDs and SLDs
A domain name is composed of 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 name.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic Top-Level Domains comprise the most famous domain extensions such as .com, .net, .org, .mobi, .info, while the country-code TLDs involve two-character abbreviations that stand for each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic or a country-code one, has a Registry - an institution that deals with the registrations and sets the requirements that each specific TLD may involve, like the length of the registration period or the residency of the registrant. Certain Registrar firms work under the Registry. These are the companies that in fact offer the domain name to customers and manage all DNS resource records.
Make Profit From Reselling Domain Names
Plenty of Registrars have reseller programs that enable people to make cash from selling domains to end clients. If you sign up for such a program, you can begin your own personal electronic business. Commonly, a domain will cost less if it is registered through a reseller rather than if it is bought directly from the Registrar by an end user. The reason is that resellers can contact more customers in local communities or countries where the Registrar may not be famous at all. This implies more sales for the Registrar, so both sides will take advantage of that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar requires for the domain registration.
Offer Top-Level Domains Under Your Very Own Personal Trademark Name
When you register with a domain name reseller program, you will have a web hosting CP where you can settle the prices for the separate Top-Level Domains that the Registrar provides. Most firms also provide invoicing transaction software and web site themes for your virtual store, and the automation of the whole process combined with the high demand for domains make the domain name reseller business niche so alluring. You will either acquire a ready-for-use site 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 create your very own personal web portal and form for placing orders. Traditionally, you have the option to select between the two options, so it all revolves around how proficient you are in these issues. As a domain reseller, you will do business on behalf of your own brand name and not on behalf of the Registrar's brand.
Gain Cash From Offering Web Hosting Plans As Well
A perfect supplement to your domain reseller business would be to sell web hosting packages too. In this way, you can offer a package deal to persons who wish to build their web portal and require both a domain and a web space hosting package. A few companies furnish such options. With 'ResellersPanel', for instance, you can purchase a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and free invoice transaction software to charge your clients. You can then sell Top-Level Domains and shared hosting accounts to clients, and since they provide a lot of diverse domain name extensions, you will be able to offer domain name and hosting services to people from all over the globe.