The World Wide Web is an ever-developing platform that offers new options to make money online. One of these possibilities is to be a domain reseller and sell domain names to end users, generating profit from the difference between the wholesale and the retail cost of each 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 growing business niche that you can be involved in.
Top-Level and Second-Level Domains
A domain consists of 2 components - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic Top-Level Domains include the most widespread domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code TLDs include two-character abbreviations that signify each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a country-code Top-Level Domain, has a Registry - an institution that manages the registrations and determines the requirements that each given Top-Level Domain may include, including the length of the registration period or the residency of the registrant. A number of Registrar firms work under the Registry. These are the firms that actually offer the domain name to customers and manage all domain records.
Make Money From Offering Domain Names
Numerous Registrars have reseller programs that permit individuals to make cash from offering domain names to end customers. If you register with such a program, you can kickstart your own electronic business. Normally, a domain name will cost less if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end client. The reason is that resellers can reach more customers in regional districts or countries where the Registrar may not be popular at all. This means more sales for the Registrar, so both sides will cash in on that. Your revenue will be the difference between the price that the client pays and the one that the Registrar requires for the domain registration.
Resell TLDs On Behalf Of Your Very Own Brand Name
When you register with a domain name reseller program, you will have a web page hosting CP where you can fix the prices for the individual Top-Level Domains that the Registrar offers. Most corporations also offer invoicing software and skins for your online storefront, and the automation of the whole process coupled with the high demand for domain names make the domain name reseller business niche so tempting. You will either receive a ready-made website 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 build your very own personal web portal and order form. Normally, you have the opportunity to select between the 2 alternatives, so it all depends on how expert you are in these issues. As a domain reseller, you will work on behalf of your very own brand and not on behalf of the Registrar's brand.
Make Money From Supplying Hosting Solutions Too
A nice addition to your domain name reseller business would be to sell web hosting accounts as well. Thereby, you can give a package deal to users who desire to have their web portal and demand both a domain and a site hosting plan. A few corporations provide such options. With 'ResellersPanel', for instance, you can buy a VPS or a dedicated server, and they will also offer you a domain reseller account and free-of-charge invoicing software to charge your clients. You can then offer domains and shared web hosting accounts to customers, and since they provide plenty of diverse domain extensions, you will be able to provide domain and hosting services to people from all around the world.