The Internet is an ever-expanding platform that delivers new possibilities to earn money online. One of these options is to become a domain name reseller and offer domain names to end customers, generating profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered each day, and there are 1 000 000's of currently functioning domain names, so this is a blossoming marketing niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain name includes 2 constituents - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick 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 include the most widely used domain extensions such as .com, .net, .org, .mobi, .info, whereas the ccTLDs include 2-letter abbreviations that symbolize each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a country-code Top-Level Domain, has a Registry - an organization that is responsible for the registrations and determines the preconditions that each particular top-level domain name may contain, including the duration of the registration period or the residency of the registrant. A number of Registrar firms work under the Registry. These are the companies that in fact offer the domain name to customers and manage all DNS resource records.
Gain Revenue From Selling Domains
Multiple Registrars have reseller programs that enable individuals to make cash from selling domains to end users. If you sign up for such a program, you can build your own personal Internet business. As a rule, a domain 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 users in local communities or states where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both parties will earn a profit from that. Your revenue will be the difference between the price that the user pays and the one that the Registrar imposes for the domain name registration.
Sell Top-Level Domains Under Your Very Own Personal Brand Name
When you register with a domain reseller program, you will obtain a site hosting Control Panel where you can choose the prices for the specific top-level domain names that the Registrar provides. Most corporations also offer invoice management software and web design layouts for your online shop, and the automation of the entire procedure combined with the strong demand for domain names make the domain name reseller market niche so tempting. You will either have a ready-made site and make use of 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 own personal portal and order form. Commonly, you have the opportunity to select between the two possibilities, so it all revolves around how expert you are in these affairs. As a domain reseller, you will do business on behalf of your own personal brand and not on behalf of the Registrar's.
Make Profit From Promoting Web Site Hosting Plans Too
A proper supplement to your domain reseller business would be to sell web hosting accounts too. Thereby, you can offer a package deal to individuals who desire to develop their online portal and demand both a domain and a web hosting package. Particular firms offer such options. With 'ResellersPanel', for example, you can run a VPS or a dedicated server, and they will also offer you a domain name reseller account and free-of-charge invoice software to bill your customers. You can then sell top-level domain names and shared hosting packages to customers, and since they provide lots of diverse domain name extensions, you will be able to provide domain name and hosting services to users from all around the globe.