The World Wide Web is an ever-developing platform that furnishes new ways to earn money on the Web. One of these options is to be a domain name reseller and offer domain names to end customers, gaining revenue from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domains are registered each day, and there are 1 000 000's of presently functioning domains, so this is a flowering trading niche that you can be involved in.
TLDs and SLDs
A domain name comprises 2 entities - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic Top-Level Domains include the most widely used domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names are composed of 2-character abbreviations that signify each country. Examples of country-code TLDs 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 handles the registrations and determines the preconditions that each specific Top-Level Domain may include, including the duration of the registration period or the residency of the registrant. Certain Registrar firms work under the Registry. These are the corporations that in fact sell the domain name to customers and handle all domain resource records.
Earn Revenue From Selling Domains
Multiple Registrars have reseller programs that allow individuals to gain cash from offering domains to end clients. If you subscribe to such a program, you can launch your very own online business. Usually, a domain name will cost less if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end user. The reason is that resellers can reach more customers in regional districts or states where the Registrar may not be known at all. This means more sales for the Registrar, so both parties will cash in on that. Your revenue will be the difference between the price that the client pays and the one that the Registrar levies for the domain name registration.
Trade Top-Level Domain Names Under Your Very Own Brand Name
When you subscribe to a domain name reseller program, you will obtain a Control Panel where you can set the prices for the separate top-level domain names that the Registrar provides. Most firms also provide billing transaction software and web site layouts for your online shop, and the automation of the whole process combined with the enormous demand for domains render the domain name reseller business niche so desirable. You will either receive a pre-made web site and use the Registrar platform to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can make your very own portal and form for placing orders. Usually, you have the option to decide between the two possibilities, so it all depends on how trained you are in these things. As a domain reseller, you will sell under your personal brand name and not on behalf of the Registrar's brand.
Make Cash From Trading Web Site Hosting Accounts Too
A good addition to your domain name reseller business would be to sell web hosting accounts too. Thereby, you can give a package deal to customers who would like to establish their online portal and require both a domain and a webspace hosting package. Certain firms provide such options. With 'ResellersPanel', for example, you can order a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and free invoice software to bill your clients. You can then sell Top-Level Domains and shared website hosting plans to customers, and since they provide a lot of diverse domain extensions, you will be able to provide domain and hosting services to clients from all over the globe.