The Internet is an ever-growing community that generates new options to make money on the Web. One of these options is to be a domain name reseller and sell domain names to end clients, generating revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered each day, and there are 1 000 000's of presently active domains, so this is a blossoming trading niche that you can become involved in.
TLDs and SLDs
A domain is composed of two constituents - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic TLDs include the most widely used domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names are composed of two-letter abbreviations that correspond to each country. Examples of ccTLDs 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 handles the registrations and sets the requirements that each particular top-level domain name may entail, including the duration of the registration term or the citizenship of the registrant. Certain Registrar companies work under the Registry. These are the firms that in fact offer the domain name to customers and handle all DNS records.
Earn Revenue From Selling Domains
Numerous Registrars have reseller programs that permit people to gain money from selling domain names to end customers. If you sign up for such a program, you can kickstart your very own web business. Usually, a domain name will cost less if it is registered via a reseller rather than if it is bought directly from the Registrar by an end client. The explanation is that resellers can reach more persons in local regions or countries where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both sides will make a profit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar charges for the domain name registration.
Offer Domains Under Your Own Brand Name
When you sign up for a domain reseller program, you will receive a web space hosting Control Panel where you can fix the prices for the specific top-level domain names that the Registrar offers. Most firms also offer billing software and site themes for your online store, and the automation of the whole procedure coupled with the expanding demand for domain names make the domain reseller industry so attractive. You will either get a turn-key site and use the Registrar system to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can make your very own personal online portal and order form. Usually, you have the opportunity to decide between the 2 options, so it all depends on how experienced you are in these things. As a domain name reseller, you will work on behalf of your own personal brand and not on behalf of the Registrar's brand.
Gain Profit From Trading Hosting Accounts Too
A logical supplement to your domain name reseller business would be to sell web hosting services too. Thus, you can give a package deal to customers who want to establish their online portal and require both a domain name and a hosting plan. Certain corporations 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 name reseller account and free-of-cost billing software to bill your clients. You can then offer domain names and shared hosting packages to clients, and since they offer many different domain name extensions, you will be able to offer domain and hosting services to users from all around the globe.