The World Wide Web is an ever-flourishing platform that provides new possibilities to gain cash on the Internet. One of these possibilities is to become a domain name reseller and offer domains to end customers, earning profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domain names are registered every day, and there are millions of currently active domains, so this is a flourishing business niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain name involves 2 constituents - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The gTLDs comprise the most widespread domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs comprise 2-character abbreviations that stand for each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic or a ccTLD, has a Registry - an organization that deals with the registrations and determines the requirements that each particular TLD may have, like the duration of the registration term or the residency of the registrant. A number of Registrar companies operate under the Registry. These are the firms that in fact sell the domain name to customers and administer all DNS records.
Gain Revenue From Offering Domain Names
Numerous Registrars have reseller programs that enable people to gain profit from selling domains to end users. If you sign up for such a program, you can begin your very own electronic business. Usually, a domain will be more inexpensive if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end client. The explanation is that resellers can contact more individuals in local districts or countries where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both parties will profit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar imposes for the domain name registration.
Resell Top-Level Domain Names Under Your Own Brand Name
When you sign up for a domain name reseller program, you will acquire a site hosting CP where you can settle the prices for the various top-level domain names that the Registrar provides. Most corporations also provide invoicing software and design templates for your virtual store, and the automation of the whole procedure combined with the towering demand for domains render the domain name reseller business niche so desirable. You will either obtain a pre-built site and make use of the Registrar platform to sell domains, or they will give you access to their API (Application Programming Interface) so that you can build your own personal web site and order form. Generally, you have the opportunity to select between the 2 alternatives, so it all depends on how proficient you are in these issues. As a domain reseller, you will sell under your own personal brand name and not on behalf of the Registrar's brand.
Earn Profit From Supplying Hosting Solutions As Well
A suitable addition to your domain reseller business would be to sell web hosting plans too. Thus, you can offer a package deal to individuals who want to set up their web site and demand both a domain and a web hosting package. Certain companies provide such options. With 'ResellersPanel', for instance, you can run a Virtual Dedicated Server or a dedicated server, and they will also give you a domain name reseller account and free-of-charge invoice transaction software to bill your clients. You can then offer domain names and shared website hosting packages to clients, and since they provide lots of diverse domain extensions, you will be able to provide domain name and hosting services to customers from all over the world.