The World Wide Web is an ever-expanding network that furnishes new opportunities to earn cash on the Web. One of these possibilities is to be a domain reseller and sell domain names to end customers, earning revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered every day, and there are 1 000 000's of currently active domain names, so this is a flowering business niche that you can be involved in.
TLDs and SLDs
A domain name includes two constituents - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic Top-Level Domains comprise the best known domain extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs comprise two-letter abbreviations that stand for each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic top-level domain name or a country-code one, has a Registry - an organization that manages the registrations and sets the prerequisites that each concrete top-level domain name may have, like the length of the registration period or the residency of the registrant. A number of Registrar companies work under the Registry. These are the corporations that in fact sell the domain name to clients and administer all domain name resource records.
Earn Profit From Trading Domains
Numerous Registrars have reseller programs that enable people to gain money from selling domain names to end customers. If you sign up for such a program, you can commence your own Internet 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 client. The cause is that resellers can reach more users in regional districts or states where the Registrar may not be known whatsoever. This implies more sales for the Registrar, so both parties will capitalize on that. Your revenue will be the difference between the price that the client pays and the one that the Registrar levies for the domain name registration.
Trade Top-Level Domains Under Your Very Own Personal Trademark Name
When you sign up for a domain name reseller program, you will have a webspace hosting CP where you can fix the prices for the specific top-level domain names that the Registrar provides. Most companies also offer billing management software and web design skins for your virtual storefront, and the automation of the entire process together with the flourishing demand for domains make the domain reseller business niche so alluring. You will either acquire a pre-made website and utilize the Registrar platform to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can build your very own personal portal and form for placing orders. Typically, you have the opportunity to decide between the 2 possibilities, so it all revolves around how proficient you are in these matters. As a domain reseller, you will sell on behalf of your personal brand and not on behalf of the Registrar's brand.
Earn Revenue From Promoting Website Hosting Services Too
A perfect supplement to your domain reseller business would be to sell web hosting services too. Thereby, you can offer a package deal to persons who wish to run their website and require both a domain and a website hosting plan. Some firms supply such options. With 'ResellersPanel', for instance, you can run a Virtual Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost billing management software to charge your customers. You can then sell domains and shared web hosting accounts to customers, and since they provide plenty of diverse domain name extensions, you will be able to offer domain name and hosting services to people from all around the globe.