The World Wide Web is an ever-increasing platform that provides new opportunities to gain money on the Web. One of these options is to become a domain reseller and offer domains to end clients, earning 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 1 000 000's of currently active domain names, so this is a growing business niche that you can be involved in.
Top-Level and Second-Level Domains
A domain name contains two entities - 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 and "domain" is the SLD.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic top-level domain names comprise the most common domain extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains are composed of two-letter abbreviations that correspond to each country. Examples of ccTLDs 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 institution that is responsible for the registrations and sets the preconditions that each specific TLD may include, like the duration of the registration term or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the companies that in fact sell the domain name to customers and handle all domain name resource records.
Gain Revenue From Offering Domains
Numerous Registrars have reseller programs that permit people to earn revenue from offering domain names to end users. If you sign up for such a program, you can begin your very own e-business. As a rule, a domain will cost less if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end client. The explanation is that resellers can reach more people in regional communities or states where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both parties 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 imposes for the domain registration.
Sell Domain Names Under Your Very Own Trademark Name
When you subscribe to a domain reseller program, you will receive a Control Panel where you can determine the prices for the different TLDs that the Registrar provides. Most firms also provide billing transaction software and site themes for your online shop, and the automation of the whole procedure combined with the proliferating demand for domain names render the domain reseller market niche so tempting. You will either receive a ready-made site and utilize the Registrar system to resell domains, or they will give you access to their API (Application Programming Interface) so that you can build your very own online portal and order form. Usually, you have the opportunity to pick between the 2 possibilities, so it all depends on how practiced you are in these affairs. As a domain name reseller, you will work on behalf of your very own personal trademark name and not under the Registrar's.
Make Revenue From Selling Web Page Hosting Accounts As Well
An appropriate supplement to your domain reseller business would be to sell web hosting packages as well. Thereby, you can give a package deal to individuals who desire to set up their site and demand both a domain and a hosting package. Given firms supply such options. With 'ResellersPanel', for instance, you can have a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and free invoicing transaction software to charge your customers. You can then sell domains and shared website hosting packages to clients, and since they offer lots of diverse domain extensions, you will be able to provide domain name and hosting services to users from all over the world.