The World Wide Web is an ever-increasing platform that offers new opportunities to make cash online. One of them is to become a domain reseller and sell domains to end users, generating revenue from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domain names are registered each and every day, and there are millions of currently functioning domain names, so this is an increasing business niche that you can be engaged in.
Top-Level and Second-Level Domains Names
A domain name is made of 2 constituents - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic top-level domain names include the best known domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names include two-character abbreviations that stand for each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a country-code one, has a Registry - an institution that manages the registrations and sets the requirements that each particular TLD may impose, among them the length of the registration period or the residency of the registrant. Certain Registrar corporations work under the Registry. These are the corporations that actually offer the domain name to customers and handle all DNS records.
Gain Cash From Trading Domains
Multiple Registrars have reseller programs that permit people to make profit from offering domain names to end customers. If you sign up for such a program, you can kickstart your own e-business. As a rule, a domain will be cheaper if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end user. The reason is that resellers can contact more people in regions or states where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both parties will capitalize on that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain name registration.
Offer Top-Level Domain Names On Behalf Of Your Personal Brand Name
When you subscribe to a domain reseller program, you will have a Control Panel where you can choose the prices for the specific Top-Level Domains that the Registrar provides. Most firms also offer billing software and web site layouts for your virtual store, and the automation of the entire procedure coupled with the large demand for domain names render the domain reseller market niche so alluring. You will either acquire a pre-built web site and avail of the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can build your own personal online portal and form for placing orders. Normally, you have the opportunity to decide between the two alternatives, so it all revolves around how experienced you are in these things. As a domain name reseller, you will work on behalf of your personal trademark name and not on behalf of the Registrar's.
Earn Profit From Reselling Webspace Hosting Solutions As Well
A nice supplement to your domain name reseller business would be to sell web hosting solutions as well. Thereby, you can give a package deal to people who wish to run their site and need both a domain and a site hosting account. Particular corporations supply such options. With 'ResellersPanel', for instance, you can have a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost invoicing transaction software to bill your clients. You can then offer Top-Level Domains and shared hosting accounts to customers, and since they provide a lot of different domain name extensions, you will be able to offer domain and hosting services to users from all around the world.