The Internet is an ever-increasing community that offers new ways to make cash on the Web. One of them is to become a domain reseller and offer domain names to end customers, generating revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered each and every day, and there are millions of presently active domains, so this is an enlarging business niche that you can be involved in.
Top-Level and Second-Level Domains
A domain name consists of two components - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The gTLDs include the most widely used domain extensions like .com, .net, .org, .mobi, .info, while the ccTLDs are made of 2-character abbreviations that symbolize each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a ccTLD, has a Registry - an organization that manages the registrations and sets the prerequisites that each particular top-level domain name may include, among them the duration of the registration term or the citizenship of the registrant. Certain Registrar companies work under the Registry. These are the companies that in fact offer the domain name to customers and manage all domain name records.
Make Revenue From Selling Domain Names
Many Registrars have reseller programs that enable individuals to gain revenue from offering domain names to end clients. If you sign up for such a program, you can set up your own personal online business. Generally, a domain name will be cheaper if it is registered via a reseller rather than if it is bought straight from the Registrar by an end customer. The explanation is that resellers can contact 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 benefit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar charges for the domain registration.
Sell TLDs Under Your Very Own Brand
When you register with a domain reseller program, you will receive a webspace hosting CP where you can choose the prices for the specific TLDs that the Registrar offers. Most firms also provide invoice software and web site templates for your web storefront, and the automation of the entire procedure together with the enormous demand for domains make the domain reseller business niche so seductive. You will either acquire a turn-key site and use the Registrar platform to resell domains, or they will give you access to their API (Application Programming Interface) so that you can create your very own web page and form for placing orders. Traditionally, you have the opportunity to choose between the 2 options, so it all depends on how practiced you are in these things. As a domain name reseller, you will work under your personal brand and not under the Registrar's.
Make Money From Supplying Web Site Hosting Accounts As Well
A proper supplement to your domain name reseller business would be to sell web hosting solutions as well. Thus, you can offer a package deal to clients who want to have their website and require both a domain name and a site hosting plan. Some companies provide such options. With 'ResellersPanel', for example, you can purchase a Virtual Dedicated Server or a dedicated server, and they will also give you a domain name reseller account and free-of-charge invoice management software to charge your clients. You can then offer domains and shared web hosting accounts to customers, and since they provide many diverse domain extensions, you will be able to offer domain and hosting services to persons from all over the globe.