The Internet is an ever-developing network that provides new opportunities to gain money online. One of these ways is to become a domain reseller and offer domain names to end users, making profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domain names are registered each and every day, and there are 1 000 000's of currently functioning domains, so this is an increasing marketing niche that you can be a part of.
Top-Level and Second-Level Domains
A domain name comprises 2 pieces - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the top-level domain name and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic Top-Level Domains comprise the most conventional domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs include 2-character abbreviations that represent each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a gTLD or a ccTLD, has a Registry - an institution that deals with the registrations and sets the requirements that each concrete top-level domain name may have, like the duration of the registration period or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the companies that in fact sell the domain name to customers and manage all DNS resource records.
Make Revenue From Trading Domains
Plenty of Registrars have reseller programs that allow individuals to make money from offering domains to end customers. If you register with such a program, you can launch your very own personal online business. Regularly, a domain will cost less if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end customer. The explanation is that resellers can contact more users in regional districts or states where the Registrar may not be known at all. This implies more sales for the Registrar, so both sides will earn a profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar requires for the domain registration.
Offer Top-Level Domain Names Under Your Very Own Brand Name
When you register with a domain reseller program, you will acquire a site hosting CP where you can choose the prices for the different Top-Level Domains that the Registrar offers. Most companies also offer billing management software and web layouts for your web storefront, and the automation of the whole procedure coupled with the towering demand for domains render the domain name reseller business niche so alluring. You will either acquire a pre-made 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 build your own personal online portal and order form. Normally, you have the opportunity to select between the 2 options, so it all depends on how advanced you are in these things. As a domain reseller, you will do business under your very own personal trademark name and not under the Registrar's brand.
Gain Money From Selling Webspace Hosting Solutions As Well
An appropriate supplement to your domain reseller business would be to sell web hosting services too. Thus, you can offer a package deal to individuals who want to develop their website and require both a domain and a webspace hosting account. A few companies provide such options. With 'ResellersPanel', for instance, you can order a Virtual Server or a dedicated server, and they will also give you a domain reseller account and cost-free invoicing transaction software to bill your customers. You can then sell TLDs and shared web hosting plans to customers, and since they offer lots of diverse domain name extensions, you will be able to provide domain name and hosting services to persons from all over the world.