The Internet is an ever-increasing network that provides new opportunities to make money on the Internet. One of them is to become a domain name reseller and offer domains to end clients, generating profit from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered each day, and there are 1 000 000's of currently active domain names, so this is an enlarging business niche that you can be involved in.
Top-Level and Second-Level Domains
A domain name includes two pieces - 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 SLD.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The generic TLDs include the most common domain extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains involve two-letter abbreviations that symbolize each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic Top-Level Domain or a ccTLD, has a Registry - an organization that handles the registrations and determines the preconditions that each concrete TLD may entail, including the duration of the registration period or the residency of the registrant. A number of Registrar companies operate under the Registry. These are the companies that actually sell the domain name to clients and administer all domain name resource records.
Earn Cash From Reselling Domain Names
Lots of Registrars have reseller programs that enable individuals to earn revenue from selling domain names to end customers. If you register with such a program, you can initiate your own web business. Regularly, a domain will be cheaper if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end user. The cause is that resellers can reach more people in local districts or countries where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both parties will make a profit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar levies for the domain registration.
Trade Domains On Behalf Of Your Own Personal Brand Name
When you register with a domain reseller program, you will get a webspace hosting CP where you can settle the prices for the different TLDs that the Registrar offers. Most firms also offer billing transaction software and templates for your online storefront, and the automation of the entire procedure combined with the swelling demand for domains make the domain reseller business niche so alluring. You will either receive a ready-made site and avail of the Registrar platform to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can build your own online portal and order form. Typically, you have the opportunity to decide between the two alternatives, so it all revolves around how experienced you are in these things. As a domain name reseller, you will do business under your personal trademark name and not under the Registrar's.
Make Profit From Promoting Web Space Hosting Accounts Too
A good addition to your domain reseller business would be to sell web hosting plans as well. Thus, you can give a package deal to individuals who wish to manage their web page and demand both a domain and a webspace hosting plan. A number of firms provide such options. With 'ResellersPanel', for instance, you can order a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost billing management software to bill your customers. You can then sell top-level domain names and shared website hosting plans to customers, and since they offer a lot of diverse domain name extensions, you will be able to provide domain and hosting services to clients from all over the globe.