The Internet is an ever-growing system that generates new possibilities to gain money online. One of these options is to become a domain name reseller and offer domain names to end customers, generating profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domain names are registered each day, and there are 1 000 000's of presently functioning domains, so this is a thriving business niche that you can become a part of.
Top-Level and Second-Level Domains
A domain includes 2 entities - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic TLDs include the most widespread domain name extensions like .com, .net, .org, .mobi, .info, while the ccTLDs are made of 2-character abbreviations that correspond to each country. Instances 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 top-level domain name or a country-code top-level domain name, has a Registry - an organization that deals with the registrations and sets the preconditions that each concrete top-level domain name may entail, such as the length of the registration term or the residency of the registrant. Certain Registrar corporations work under the Registry. These are the firms that in fact sell the domain name to clients and administer all domain name records.
Earn Money From Reselling Domain Names
Numerous Registrars have reseller programs that enable individuals to earn revenue from selling domains to end customers. If you subscribe to such a program, you can kickstart your very own Internet business. Generally, a domain will cost less if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end client. The explanation is that resellers can contact more clients in areas or countries where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both sides will benefit from that. Your revenue will be the difference between the price that the user pays and the one that the Registrar requires for the domain registration.
Offer TLDs Under Your Own Brand Name
When you register with a domain reseller program, you will get a hosting CP where you can choose the prices for the various top-level domain names that the Registrar provides. Most corporations also provide invoice management software and themes for your web shop, and the automation of the entire procedure coupled with the large demand for domains render the domain name reseller industry so seductive. You will either receive a turn-key web site and use the Registrar platform to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can make your own personal website and form for placing orders. Normally, you have the opportunity to pick between the 2 options, so it all depends on how accomplished you are in these issues. As a domain name reseller, you will work under your personal brand and not under the Registrar's brand.
Earn Money From Selling Web Site Hosting Plans As Well
A logical supplement to your domain name reseller business would be to sell web hosting solutions too. Thus, you can offer a package deal to customers who desire to establish their site and demand both a domain name and a web site hosting plan. A few corporations have such options. With 'ResellersPanel', for example, you can have a Virtual Server or a dedicated server, and they will also give you a domain name reseller account and free billing transaction software to bill your clients. You can then offer Top-Level Domains and shared hosting plans to customers, and since they offer plenty of different domain name extensions, you will be able to offer domain and hosting services to persons from all around the world.