The Internet is an ever-developing platform that generates new options to gain cash online. One of these possibilities is to be a domain name reseller and sell domains to end clients, generating profit 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 millions of currently active domain names, so this is an expanding business niche that you can be a part of.
TLDs and SLDs
A domain contains 2 pieces - a Top-Level Domain (TLD) and a Second-Level Domain (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 domain names include the most common domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code TLDs consist of two-letter abbreviations that denote each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a gTLD or a country-code top-level domain name, has a Registry - an organization that deals with the registrations and determines the prerequisites that each given TLD may include, such as the duration of the registration period or the residency of the registrant. A number of Registrar corporations operate under the Registry. These are the firms that actually offer the domain name to customers and manage all domain resource records.
Gain Money From Selling Domain Names
Plenty of Registrars have reseller programs that allow individuals to make profit from selling domain names to end users. If you register with such a program, you can launch your very own electronic business. Typically, a domain name will cost less if it is registered via a reseller rather than if it is bought directly from the Registrar by an end client. The cause is that resellers can contact more users in areas or countries where the Registrar may not be known at all. This implies more sales for the Registrar, so both parties will make a profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar charges for the domain name registration.
Offer Top-Level Domain Names On Behalf Of Your Own Trademark Name
When you sign up for a domain reseller program, you will receive a web space hosting CP where you can settle the prices for the specific TLDs that the Registrar provides. Most firms also offer invoice transaction software and web skins for your online store, and the automation of the whole procedure coupled with the significant demand for domain names make the domain name reseller industry so seductive. You will either obtain a ready-to-use web site 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 set up your very own online portal and form for placing orders. Traditionally, you have the option to decide between the two options, so it all revolves around how skilled you are in these issues. As a domain name reseller, you will sell under your own personal brand and not under the Registrar's.
Earn Revenue From Promoting Web Hosting Accounts As Well
An appropriate supplement to your domain reseller business would be to sell web hosting solutions as well. In this way, you can offer a package deal to individuals who desire to build their website and demand both a domain and a webspace hosting plan. Certain companies offer such options. With 'ResellersPanel', for example, you can buy a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and charge-free invoice software to charge your clients. You can then sell top-level domain names and shared web hosting accounts to clients, and since they offer plenty of different domain name extensions, you will be able to provide domain and hosting services to individuals from all over the globe.