The Internet is an ever-developing community that furnishes new opportunities to make money on the Web. One of these ways is to become a domain reseller and offer domains to end clients, making profit from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered each and every day, and there are millions of currently functioning domain names, so this is a flourishing business niche that you can become engaged in.
Top-Level and Second-Level Domains Names
A domain contains two components - a top-level domain name (TLD) and a second-level domain name (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 Top-Level Domains can be generic or country code. The generic Top-Level Domains include the most common domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs involve two-letter abbreviations that stand for each country. Instances of country-code TLDs 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 institution that deals with the registrations and determines the preconditions that each specific TLD may have, among them the duration of the registration term or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the corporations that in fact sell the domain name to clients and handle all domain name resource records.
Gain Profit From Selling Domain Names
Many Registrars have reseller programs that allow individuals to gain money from selling domain names to end customers. If you subscribe to such a program, you can set up your own personal web business. Commonly, a domain will be more inexpensive if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end user. The cause is that resellers can reach more users in local communities or countries where the Registrar may not be popular whatsoever. This implies 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 requires for the domain registration.
Trade Domains On Behalf Of Your Own Trademark Name
When you register with a domain name reseller program, you will obtain a Control Panel where you can choose the prices for the different Top-Level Domains that the Registrar offers. Most firms also provide invoice management software and website themes for your web shop, and the automation of the entire procedure together with the increasing demand for domains make the domain reseller business so tempting. You will either obtain a ready-for-use web site and utilize the Registrar platform to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can set up your own personal portal and form for placing orders. Traditionally, you have the option to choose between the 2 options, so it all depends on how experienced you are in these things. As a domain reseller, you will do business on behalf of your very own personal brand name and not on behalf of the Registrar's brand.
Gain Cash From Providing Hosting Solutions Too
A good supplement to your domain reseller business would be to sell web hosting plans as well. Thereby, you can give a package deal to clients who wish to have their online portal and need both a domain and a site hosting package. Particular firms supply such options. With 'ResellersPanel', for example, you can run a Virtual Server or a dedicated server, and they will also give you a domain name reseller account and free-of-cost invoicing software to bill your customers. You can then sell domains and shared hosting accounts to customers, and since they provide many diverse domain name extensions, you will be able to provide domain and hosting services to users from all over the globe.