The Internet is an ever-developing platform that offers new options to make money online. One of these ways is to be a domain name reseller and sell domain names to end clients, making profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domain names are registered each and every day, and there are 1 000 000's of currently active domain names, so this is a flourishing business niche that you can be involved in.
TLDs and SLDs
A domain comprises two components - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The generic Top-Level Domains include the most popular domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs are composed of two-character abbreviations that represent each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic Top-Level Domain or a country-code top-level domain name, has a Registry - an organization that deals with the registrations and determines the requirements that each particular Top-Level Domain may involve, including the duration of the registration period or the residency of the registrant. Certain Registrar corporations operate under the Registry. These are the firms that actually sell the domain name to customers and manage all DNS records.
Earn Profit From Reselling Domains
Numerous Registrars have reseller programs that allow people to make cash from selling domain names to end users. If you subscribe to such a program, you can kick off your own web business. Normally, a domain will be more inexpensive if it is registered through a reseller rather than if it is bought straight from the Registrar by an end customer. The cause is that resellers can reach more users in regional districts or states where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both sides will benefit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain name registration.
Trade Top-Level Domains On Behalf Of Your Own Brand Name
When you subscribe to a domain reseller program, you will obtain a web space hosting CP where you can settle the prices for the individual top-level domain names that the Registrar offers. Most corporations also offer billing management software and web page themes for your online shop, and the automation of the entire process combined with the vast demand for domains make the domain reseller market niche so desirable. You will either receive a ready-for-use web site and avail of the Registrar platform to resell domains, or they will give you access to their API (Application Programming Interface) so that you can make your very own web portal and order form. Generally, you have the opportunity to choose between the 2 alternatives, so it all depends on how proficient you are in these things. As a domain name reseller, you will work under your own personal brand name and not on behalf of the Registrar's brand.
Earn Revenue From Supplying Hosting Packages As Well
An appropriate supplement to your domain reseller business would be to sell web hosting packages too. Thereby, you can give a package deal to people who want to manage their online portal and need both a domain name and a hosting account. A few companies have such options. With 'ResellersPanel', for example, you can have a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and charge-free invoice transaction software to bill your customers. You can then sell top-level domain names and shared website hosting accounts to clients, and since they offer many diverse domain extensions, you will be able to offer domain and hosting services to individuals from all over the globe.