The Internet is an ever-enlarging network that generates new possibilities to make money on the Web. One of these opportunities is to be a domain reseller and offer domain names to end users, gaining profit 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 domain names, so this is a blossoming business niche that you can be a part of.
TLDs and SLDs
A domain name is made of 2 constituents - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The generic top-level domain names include the most widespread domain extensions like .com, .net, .org, .mobi, .info, while the ccTLDs comprise two-letter abbreviations that represent 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 gTLD or a country-code Top-Level Domain, has a Registry - an organization that is responsible for the registrations and sets the preconditions that each specific top-level domain name may have, among them the length of the registration period or the citizenship of the registrant. Certain Registrar corporations work under the Registry. These are the companies that in fact sell the domain name to customers and handle all domain name records.
Make Revenue From Trading Domains
Many Registrars have reseller programs that allow individuals to make money from selling domain names to end users. If you subscribe to such a program, you can kick off your very own web business. Commonly, a domain name will be more inexpensive if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end user. The reason is that resellers can reach more users in local communities or states where the Registrar may not be known whatsoever. This implies more sales for the Registrar, so both parties will profit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar levies for the domain name registration.
Offer Domains Under Your Very Own Personal Brand
When you subscribe to a domain name reseller program, you will acquire a website hosting CP where you can choose the prices for the various Top-Level Domains that the Registrar offers. Most corporations also provide invoice transaction software and web templates for your online store, and the automation of the whole procedure combined with the strong demand for domain names make the domain reseller market so desirable. You will either receive a ready-for-use web site and utilize the Registrar system to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can set up your own website and order form. Generally, you have the opportunity to select between the 2 alternatives, so it all revolves around how advanced you are in these things. As a domain reseller, you will do business on behalf of your own brand name and not under the Registrar's.
Gain Profit From Promoting Hosting Solutions As Well
An adequate addition to your domain name reseller business would be to sell web hosting plans as well. In this way, you can offer a package deal to customers who would like to build their web page and need both a domain name and a webspace hosting account. Certain companies supply such options. With 'ResellersPanel', for instance, you can run a Virtual Server or a dedicated server, and they will also give you a domain reseller account and cost-free invoice software to charge your customers. You can then sell TLDs and shared web hosting packages to clients, and since they offer many diverse domain extensions, you will be able to provide domain name and hosting services to individuals from all around the globe.