The Internet is an ever-developing platform that delivers new opportunities to make money on the Web. One of these opportunities is to become a domain reseller and offer domains to end users, earning profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domain names are registered every day, and there are millions of presently functioning domains, so this is a developing trading niche that you can become involved in.
Top-Level and Second-Level Domains Names
A domain name involves 2 entities - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domains
The top-level domain names can be generic or country code. The gTLDs include the most widely used domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains include two-character abbreviations that denote each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic TLD or a country-code top-level domain name, has a Registry - an organization that manages the registrations and determines the preconditions that each concrete top-level domain name may contain, like the length of the registration period or the residency of the registrant. Certain Registrar companies operate under the Registry. These are the corporations that in fact sell the domain name to clients and administer all domain name records.
Make Profit From Offering Domain Names
A lot of Registrars have reseller programs that enable individuals to earn revenue from selling domain names to end users. If you register with such a program, you can commence your very own online business. Regularly, a domain name will be more inexpensive if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end client. The reason is that resellers can reach more customers in regions or states where the Registrar may not be known at all. This means more sales for the Registrar, so both sides will make a profit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain name registration.
Trade Top-Level Domains Under Your Own Personal Brand Name
When you register with a domain name reseller program, you will acquire a website hosting CP where you can choose the prices for the specific Top-Level Domains that the Registrar provides. Most corporations also provide billing software and web themes for your online store, and the automation of the entire procedure together with the enlarging demand for domain names make the domain name reseller business niche so tempting. You will either acquire a turn-key web site and use the Registrar platform to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can create your own personal web portal and form for placing orders. Typically, you have the opportunity to pick between the 2 possibilities, so it all depends on how experienced you are in these affairs. As a domain reseller, you will operate under your personal brand and not under the Registrar's.
Earn Revenue From Offering Hosting Plans As Well
A relevant addition to your domain reseller business would be to sell web hosting plans too. Thereby, you can offer a package deal to customers who would like to have their online portal and demand both a domain and a web hosting package. Some firms furnish such options. With 'ResellersPanel', for example, you can order a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and free billing management software to charge your customers. You can then sell domains and shared web hosting accounts to customers, and since they offer a lot of different domain extensions, you will be able to offer domain name and hosting services to people from all over the globe.