The Internet is an ever-developing community that delivers new options to gain cash on the Internet. One of these possibilities is to become a domain name reseller and offer domain names to end clients, making profit from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered each day, and there are millions of currently functioning domains, so this is a flourishing marketing niche that you can be a part of.
Top-Level and Second-Level Domains
A domain name consists of two parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The gTLDs include the most widely used domain name extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names are made of two-letter abbreviations that signify each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic Top-Level Domain or a country-code Top-Level Domain, has a Registry - an institution that is responsible for the registrations and sets the prerequisites that each given TLD may include, like the length of the registration term or the citizenship of the registrant. Certain Registrar companies operate under the Registry. These are the corporations that actually sell the domain name to customers and manage all domain records.
Earn Revenue From Selling Domain Names
A lot of Registrars have reseller programs that allow people to gain cash from selling domains to end users. If you sign up for such a program, you can launch your very own personal electronic business. Generally, a domain name will cost less if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end client. The explanation is that resellers can contact more individuals in regions or states where the Registrar may not be known at all. This means more sales for the Registrar, so both parties will take advantage of that. Your profit will be the difference between the price that the customer pays and the one that the Registrar requires for the domain registration.
Offer Domains On Behalf Of Your Own Brand Name
When you register with a domain reseller program, you will obtain a web space hosting Control Panel where you can fix the prices for the individual Top-Level Domains that the Registrar offers. Most corporations also provide invoice management software and web skins for your virtual storefront, and the automation of the entire procedure together with the proliferating demand for domains render the domain reseller market so attractive. You will either have a turn-key site and avail of the Registrar platform to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can set up your own online portal and form for placing orders. Usually, you have the option to select between the two possibilities, so it all depends on how proficient you are in these issues. As a domain name reseller, you will operate on behalf of your very own personal trademark name and not under the Registrar's brand.
Gain Cash From Selling Web Space Hosting Plans Too
A sensible addition to your domain reseller business would be to sell web hosting solutions as well. Thus, you can offer a package deal to individuals who desire to create their online portal and demand both a domain name and a webspace hosting account. Some companies offer such options. With 'ResellersPanel', for instance, you can purchase a VPS or a dedicated server, and they will also give you a domain reseller account and free-of-cost invoice software to charge your customers. You can then offer TLDs and shared website hosting accounts to customers, and since they offer a lot of different domain name extensions, you will be able to offer domain name and hosting services to individuals from all around the world.