The Internet is an ever-flourishing platform that generates new ways to earn money on the Internet. One of these options is to be a domain reseller and offer domain names to end users, earning revenue from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered every day, and there are millions of currently functioning domain names, so this is an enlarging business niche that you can be involved in.
Top-Level and Second-Level Domains
A domain is made of 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 name and "domain" is the second-level domain name.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic Top-Level Domains comprise the most famous domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains involve 2-character abbreviations that stand for each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a country-code top-level domain name, has a Registry - an organization that manages the registrations and sets the prerequisites that each given TLD may impose, among them the length of the registration period or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the companies that in fact offer the domain name to customers and handle all domain name records.
Earn Profit From Reselling Domains
Plenty of Registrars have reseller programs that allow individuals to gain money from selling domains to end users. If you sign up for such a program, you can set up your very own Internet business. Usually, 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 customer. The reason is that resellers can reach more individuals in areas or states where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both parties 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.
Resell Top-Level Domain Names On Behalf Of Your Own Trademark Name
When you subscribe to a domain name reseller program, you will receive a webspace hosting CP where you can settle the prices for the specific Top-Level Domains that the Registrar provides. Most firms also provide invoice software and web page layouts for your online store, and the automation of the whole procedure together with the flourishing demand for domains render the domain reseller industry so attractive. You will either get a pre-built site and avail of the Registrar system to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can make your own site and order form. Usually, you have the opportunity to choose between the 2 possibilities, so it all revolves around how advanced you are in these issues. As a domain name reseller, you will sell on behalf of your very own trademark name and not under the Registrar's.
Earn Profit From Promoting Web Page Hosting Packages Too
A nice addition to your domain name reseller business would be to sell web hosting services too. In this way, you can offer a package deal to people who desire to have their web portal and require both a domain name and a web space hosting account. A number of companies provide such options. With 'ResellersPanel', for instance, you can buy a Virtual Dedicated Server or a dedicated server, and they will also give you a domain name reseller account and free invoicing transaction software to charge your customers. You can then offer domains and shared website hosting accounts to customers, and since they provide a lot of different domain extensions, you will be able to provide domain and hosting services to customers from all over the world.