The World Wide Web is an ever-growing system that offers new ways to make cash on the Web. One of them is to become a domain name reseller and offer domains to end users, gaining revenue from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered each and every day, and there are millions of presently functioning domain names, so this is a flourishing business niche that you can be engaged in.
Top-Level and Second-Level Domains
A domain name consists of 2 constituents - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The TLDs can be generic or country code. The generic Top-Level Domains comprise the most widespread domain extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains involve 2-character abbreviations that denote each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic Top-Level Domain or a country-code one, has a Registry - an institution that tackles the registrations and sets the prerequisites that each given top-level domain name may have, among them the duration of the registration term or the residency of the registrant. A number of Registrar companies work under the Registry. These are the firms that in fact offer the domain name to clients and handle all domain resource records.
Earn Cash From Offering Domain Names
Many Registrars have reseller programs that allow people to make profit from offering domains to end customers. If you register with such a program, you can launch your own personal Internet business. Generally, a domain will be cheaper if it is registered through a reseller rather than if it is bought straight from the Registrar by an end customer. The reason is that resellers can reach more individuals in local communities or states where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both sides will take advantage of that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain registration.
Sell Domains On Behalf Of Your Own Personal Brand
When you sign up for a domain reseller program, you will obtain a site hosting CP where you can determine the prices for the individual Top-Level Domains that the Registrar provides. Most companies also offer billing management software and design layouts for your web shop, and the automation of the entire procedure together with the expanding demand for domain names render the domain name reseller industry so alluring. You will either obtain a ready-to-use web site and use the Registrar system to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can create your very own personal portal and form for placing orders. Traditionally, you have the option to choose between the 2 possibilities, so it all depends on how accomplished you are in these issues. As a domain name reseller, you will work on behalf of your own personal brand and not on behalf of the Registrar's.
Make Cash From Trading Web Page Hosting Solutions Too
An adequate supplement to your domain reseller business would be to sell web hosting accounts as well. In this way, you can offer a package deal to customers who desire to launch their web portal and require both a domain and a web hosting account. Given firms offer such options. With 'ResellersPanel', for instance, you can manage a Virtual Server or a dedicated server, and they will also give you a domain reseller account and cost-free invoicing transaction software to charge your customers. You can then offer domain names and shared web hosting accounts to customers, and since they provide lots of diverse domain name extensions, you will be able to provide domain and hosting services to clients from all around the world.