The Internet is an ever-growing network that supplies new ways to gain cash online. One of them is to be a domain name reseller and sell domains to end users, making revenue from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domain names are registered every day, and there are millions of presently active domains, so this is an enlarging business niche that you can become a part of.
Top-Level and Second-Level Domains Names
A domain is composed of 2 entities - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The TLDs can be generic or country code. The gTLDs include the most widespread domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names are composed of two-letter abbreviations that correspond to each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a ccTLD, has a Registry - an organization that is responsible for the registrations and sets the requirements that each specific top-level domain name may include, like the duration of the registration period or the residency of the registrant. Certain Registrar companies operate under the Registry. These are the companies that in fact offer the domain name to clients and manage all DNS resource records.
Earn Cash From Reselling Domains
Many Registrars have reseller programs that permit individuals to gain profit from selling domains to end clients. If you subscribe to such a program, you can initiate your very own online business. Normally, a domain name will be more inexpensive if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end customer. The reason is that resellers can reach more users in regional 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 revenue will be the difference between the price that the client pays and the one that the Registrar imposes for the domain registration.
Offer TLDs On Behalf Of Your Very Own Personal Brand
When you sign up for a domain name reseller program, you will have a Control Panel where you can select the prices for the specific TLDs that the Registrar provides. Most firms also provide invoice management software and design skins for your web store, and the automation of the whole procedure combined with the growing demand for domain names render the domain reseller market so alluring. You will either receive a turn-key web site and avail of 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 site and order form. Generally, you have the option to pick between the two alternatives, so it all depends on how proficient you are in these issues. As a domain name reseller, you will do business on behalf of your own personal trademark name and not on behalf of the Registrar's brand.
Earn Money From Supplying Web Hosting Plans As Well
A suitable addition to your domain reseller business would be to sell web hosting accounts as well. Thereby, you can give a package deal to clients who want to build their web portal and need both a domain and a webspace hosting plan. Particular firms have such options. With 'ResellersPanel', for instance, you can manage a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and free-of-cost billing software to bill your clients. You can then offer Top-Level Domains and shared web hosting packages to clients, and since they offer plenty of different domain extensions, you will be able to offer domain name and hosting services to individuals from all over the world.