The World Wide Web is an ever-enlarging platform that supplies new ways to gain money online. One of them is to become a domain name reseller and offer domain names to end customers, earning revenue from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered each and every day, and there are millions of presently functioning domain names, so this is an enlarging trading niche that you can become a part of.
Top-Level and Second-Level Domains Names
A domain name is composed of 2 constituents - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The top-level domain names can be generic or country code. The generic top-level domain names include the most common domain extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains include 2-character abbreviations that signify each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic top-level domain name or a country-code one, has a Registry - an institution that administers the registrations and determines the preconditions that each specific Top-Level Domain may entail, among them the duration of the registration term or the citizenship of the registrant. A number of Registrar companies operate under the Registry. These are the firms that in fact sell the domain name to customers and manage all domain resource records.
Earn Money From Reselling Domain Names
Plenty of Registrars have reseller programs that permit people to make money from offering domain names to end customers. If you subscribe to such a program, you can kickstart your very own personal electronic business. Regularly, a domain will cost less if it is registered via a reseller rather than if it is bought straight from the Registrar by an end user. The explanation is that resellers can reach more customers in local regions or countries where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both parties will cash in on 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.
Sell Top-Level Domains On Behalf Of Your Own Trademark Name
When you register with a domain reseller program, you will acquire a Control Panel where you can determine the prices for the specific top-level domain names that the Registrar provides. Most firms also provide billing management software and web site skins for your online storefront, and the automation of the whole procedure coupled with the towering demand for domain names render the domain reseller business so seductive. You will either have a pre-developed website and utilize the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your own website and form for placing orders. Typically, you have the opportunity to select between the 2 options, so it all depends on how trained you are in these issues. As a domain name reseller, you will sell under your very own brand and not under the Registrar's brand.
Gain Revenue From Supplying Web Site Hosting Services As Well
A suitable addition to your domain reseller business would be to sell web hosting plans too. In this way, you can give a package deal to customers who want to launch their site and need both a domain name and a web hosting account. Given corporations provide such options. With 'ResellersPanel', for example, you can have a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free billing transaction software to charge your customers. You can then sell top-level domain names and shared website hosting accounts to customers, and since they provide many different domain extensions, you will be able to provide domain name and hosting services to clients from all over the globe.