The World Wide Web is an ever-enlarging system that supplies new possibilities to earn money on the Web. One of these ways is to be a domain name reseller and offer domains to end users, generating profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domain names are registered each and every day, and there are 1 000 000's of presently functioning domains, so this is a developing business niche that you can be a part of.
TLDs and SLDs
A domain involves two entities - a top-level domain name (TLD) and a Second-Level Domain (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 TLDs can be generic or country code. The generic TLDs comprise the most widely used domain name extensions like .com, .net, .org, .mobi, .info, while the country-code TLDs are made of two-letter abbreviations that correspond to each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic Top-Level Domain or a country-code Top-Level Domain, has a Registry - an institution that manages the registrations and determines the requirements that each particular top-level domain name may involve, like the length of the registration term or the residency of the registrant. Certain Registrar companies operate under the Registry. These are the firms that actually offer the domain name to customers and manage all domain name resource records.
Earn Cash From Trading Domains
Lots of Registrars have reseller programs that allow individuals to gain revenue from selling domains to end users. If you register with such a program, you can launch your own personal e-business. Usually, a domain name will cost less if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end client. The explanation is that resellers can contact more customers in local regions or states where the Registrar may not be known whatsoever. This implies 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.
Resell Top-Level Domain Names Under Your Personal Brand Name
When you register with a domain reseller program, you will get a web space hosting Control Panel where you can select the prices for the separate top-level domain names that the Registrar offers. Most corporations also offer invoicing software and layouts for your virtual storefront, and the automation of the entire procedure combined with the vast demand for domains make the domain name reseller business so attractive. You will either have a ready-for-use website and use the Registrar system to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can set up your own personal web page and order form. Generally, you have the option to decide between the two options, so it all depends on how experienced you are in these matters. As a domain name reseller, you will operate under your very own personal brand and not under the Registrar's.
Make Cash From Offering Hosting Plans Too
A reasonable addition to your domain reseller business would be to sell web hosting solutions too. Thus, you can give a package deal to users who want to develop their web page and require both a domain and a site hosting account. A number of firms supply such options. With 'ResellersPanel', for instance, you can order a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and free-of-charge billing software to bill your clients. You can then offer top-level domain names and shared website hosting plans to customers, and since they provide a lot of diverse domain extensions, you will be able to offer domain name and hosting services to persons from all over the world.