The World Wide Web is an ever-flourishing system that generates new options to gain money on the Web. One of these ways is to be a domain reseller and sell domains to end users, making profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domain names are registered each day, and there are 1 000 000's of presently active domain names, so this is a developing marketing niche that you can be involved in.
TLDs and SLDs
A domain name contains 2 components - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The gTLDs include the most conventional domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains consist of 2-character abbreviations that represent each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a country-code one, has a Registry - an institution that is responsible for the registrations and sets the requirements that each given Top-Level Domain may have, such as the length of the registration period or the citizenship of the registrant. Certain Registrar companies operate under the Registry. These are the corporations that in fact sell the domain name to customers and manage all domain name resource records.
Earn Profit From Offering Domains
A lot of Registrars have reseller programs that allow people to earn profit from selling domain names to end users. If you register with such a program, you can kick off your very own web business. Usually, a domain will cost less if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end customer. The explanation is that resellers can contact more individuals in provinces or states where the Registrar may not be known at all. This means more sales for the Registrar, so both sides will benefit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar charges for the domain name registration.
Trade Top-Level Domain Names Under Your Personal Brand Name
When you register with a domain reseller program, you will acquire a Control Panel where you can determine the prices for the different TLDs that the Registrar offers. Most companies also provide billing transaction software and templates for your web shop, and the automation of the whole process combined with the huge demand for domains make the domain name reseller market niche so desirable. You will either obtain a ready-to-use site and utilize 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 web site and order form. Generally, you have the option to pick between the 2 alternatives, so it all depends on how practiced you are in these things. As a domain reseller, you will do business under your very own personal brand name and not on behalf of the Registrar's brand.
Make Cash From Reselling Web Site Hosting Plans As Well
An adequate addition to your domain name reseller business would be to sell web hosting services as well. Thereby, you can give a package deal to persons who want to develop their web portal and need both a domain and a web hosting package. A few corporations provide such options. With 'ResellersPanel', for instance, you can purchase a VPS or a dedicated server, and they will also offer you a domain reseller account and free-of-charge billing transaction software to charge your clients. You can then sell Top-Level Domains and shared web hosting packages to customers, and since they provide plenty of diverse domain extensions, you will be able to provide domain and hosting services to people from all over the world.