The Internet is an ever-increasing network that generates new opportunities to make money on the Web. One of these possibilities is to be a domain reseller and sell domain names to end clients, generating revenue from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered each day, and there are 1 000 000's of presently functioning domain names, so this is a thriving business niche that you can become a part of.
Top-Level and Second-Level Domains
A domain name consists of 2 parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The gTLDs comprise the most common domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names consist of two-letter abbreviations that denote each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a country-code Top-Level Domain, has a Registry - an institution that deals with the registrations and determines the prerequisites that each concrete Top-Level Domain may involve, such as the duration of the registration period or the citizenship of the registrant. A number of Registrar companies operate under the Registry. These are the companies that actually offer the domain name to clients and administer all domain name records.
Gain Cash From Offering Domains
Many Registrars have reseller programs that enable individuals to gain money from selling domains to end users. If you register with such a program, you can kick off your own personal electronic business. Normally, a domain name will be cheaper if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end user. The reason is that resellers can contact more individuals in local regions or countries where the Registrar may not be known at all. This implies more sales for the Registrar, so both sides will capitalize on that. Your profit will be the difference between the price that the user pays and the one that the Registrar requires for the domain name registration.
Offer Top-Level Domains On Behalf Of Your Very Own Personal Brand
When you sign up for a domain reseller program, you will get a web page hosting Control Panel where you can choose the prices for the various TLDs that the Registrar provides. Most companies also provide invoicing transaction software and web skins for your virtual shop, and the automation of the whole procedure coupled with the enormous demand for domains render the domain name reseller business niche so desirable. You will either get a ready-made web site and use the Registrar platform to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can build your own web site and form for placing orders. Typically, you have the option to decide between the two possibilities, so it all revolves around how skilled you are in these affairs. As a domain reseller, you will sell under your own personal brand name and not under the Registrar's brand.
Make Profit From Supplying Web Hosting Accounts As Well
A suitable addition to your domain reseller business would be to sell web hosting solutions too. Thereby, you can offer a package deal to customers who want to run their online portal and need both a domain name and a web site hosting plan. A number of corporations furnish such options. With 'ResellersPanel', for instance, you can buy a VPS or a dedicated server, and they will also give you a domain name reseller account and free-of-cost billing transaction software to charge your customers. You can then sell domain names and shared hosting accounts to customers, and since they provide plenty of diverse domain name extensions, you will be able to provide domain and hosting services to persons from all around the world.