The Internet is an ever-growing network that furnishes new possibilities to earn cash online. One of these possibilities is to be a domain name reseller and sell domains to end customers, earning profit 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 currently functioning domain names, so this is a blooming business niche that you can become involved in.
Top-Level and Second-Level Domains
A domain includes 2 constituents - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic TLDs comprise the most widely used domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names involve two-letter abbreviations that signify 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 generic top-level domain name or a country-code top-level domain name, has a Registry - an institution that is responsible for the registrations and sets the requirements that each concrete Top-Level Domain may contain, such as the duration of the registration period or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the corporations that in fact sell the domain name to clients and handle all domain name records.
Earn Profit From Offering Domain Names
A lot of Registrars have reseller programs that enable individuals to gain money from selling domains to end customers. If you register with such a program, you can kick off your own personal e-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 clients in areas or countries where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both parties will capitalize on that. Your profit will be the difference between the price that the customer pays and the one that the Registrar levies for the domain registration.
Sell Domain Names Under Your Personal Brand
When you subscribe to a domain reseller program, you will have a website hosting CP where you can determine the prices for the specific TLDs that the Registrar provides. Most firms also offer billing software and site templates for your web shop, and the automation of the entire process together with the high demand for domain names render the domain reseller business niche so alluring. You will either get a ready-to-use web site and make use of the Registrar platform to resell domains, or they will give you access to their API (Application Programming Interface) so that you can make your very own web page and order form. Normally, you have the option to choose between the two possibilities, so it all depends on how expert you are in these things. As a domain name reseller, you will sell under your own trademark name and not under the Registrar's brand.
Earn Revenue From Supplying Website Hosting Accounts As Well
A relevant supplement to your domain reseller business would be to sell web hosting solutions as well. Thus, you can give a package deal to persons who want to have their online portal and require both a domain name and a site hosting plan. A few firms supply such options. With 'ResellersPanel', for instance, you can order a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and cost-free invoicing software to bill your customers. You can then offer top-level domain names and shared website hosting packages to customers, and since they provide plenty of different domain name extensions, you will be able to provide domain and hosting services to individuals from all around the world.