Domain name reseller
The Internet is an ever-increasing platform that provides new possibilities to earn money on the Internet. One of them is to become a domain name reseller and sell domains to end customers, gaining revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered each and every day, and there are millions of currently functioning domains, so this is a blooming business niche that you can become involved in.
Top-Level and Second-Level Domains
A domain name is composed of 2 pieces - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the second-level domain name.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic TLDs comprise the best known domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code TLDs contain 2-character abbreviations that correspond to each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic TLD or a ccTLD, has a Registry - an institution that is responsible for the registrations and sets the prerequisites that each given TLD may involve, 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 actually sell the domain name to customers and manage all domain name records.
Earn Profit From Selling Domain Names
A lot of Registrars have reseller programs that allow individuals to gain money from selling domains to end clients. If you register with such a program, you can kickstart your very own online business. Regularly, a domain will cost less if it is registered via a reseller rather than if it is bought straight from the Registrar by an end client. The cause is that resellers can reach more customers in areas or countries where the Registrar may not be famous whatsoever. This implies 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 customer pays and the one that the Registrar requires for the domain name registration.
Offer Domain Names Under Your Very Own Personal Brand Name
When you register with a domain name reseller program, you will obtain a Control Panel where you can determine the prices for the different TLDs that the Registrar provides. Most firms also provide billing management software and web page skins for your online storefront, and the automation of the entire procedure combined with the flourishing demand for domains render the domain reseller market niche so alluring. You will either have a pre-developed site and avail of the Registrar system to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can build your very own personal web page and order form. Traditionally, you have the opportunity to choose between the two alternatives, so it all depends on how expert you are in these matters. As a domain reseller, you will sell under your own personal brand and not under the Registrar's.
Gain Profit From Providing Site Hosting Accounts As Well
A relevant addition to your domain name reseller business would be to sell web hosting solutions too. Thus, you can give a package deal to clients who desire to manage their web portal and need both a domain name and a web page hosting account. A few companies furnish such options. With 'ResellersPanel', for example, you can run a VPS or a dedicated server, and they will also give you a domain reseller account and charge-free invoicing software to charge your clients. You can then sell domains and shared web hosting plans to customers, and since they provide plenty of different domain name extensions, you will be able to provide domain and hosting services to persons from all around the globe.