The World Wide Web is an ever-increasing platform that offers new options to make cash online. One of these options is to become a domain name reseller and offer domains to end clients, gaining profit from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered every day, and there are 1 000 000's of presently functioning domain names, so this is a growing marketing niche that you can become engaged in.
Top-Level and Second-Level Domains Names
A domain is composed of two entities - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic top-level domain names comprise the most common domain extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains contain 2-letter abbreviations that signify each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a country-code Top-Level Domain, has a Registry - an organization that deals with the registrations and determines the requirements that each particular TLD may have, like the duration of the registration term or the citizenship of the registrant. Certain Registrar firms operate under the Registry. These are the corporations that actually offer the domain name to customers and handle all domain resource records.
Earn Money From Selling Domains
Multiple Registrars have reseller programs that allow people to earn revenue from selling domains to end customers. If you sign up for such a program, you can build your very own online business. Typically, 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 contact more clients in regional communities or countries where the Registrar may not be known at all. This implies more sales for the Registrar, so both sides will make a profit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar levies for the domain registration.
Trade Domains On Behalf Of Your Personal Brand Name
When you subscribe to a domain reseller program, you will have a webspace hosting CP where you can select the prices for the separate TLDs that the Registrar offers. Most companies also offer billing software and web page layouts for your online shop, and the automation of the whole process combined with the immense demand for domains make the domain reseller market so tempting. You will either obtain a ready-made site and make use of the Registrar system to sell domains, or they will give you access to their API (Application Programming Interface) so that you can create your own personal web portal and form for placing orders. Generally, you have the opportunity to select between the two options, so it all revolves around how proficient you are in these issues. As a domain name reseller, you will operate under your own personal trademark name and not under the Registrar's.
Gain Money From Promoting Web Hosting Accounts As Well
An appropriate addition to your domain reseller business would be to sell web hosting plans too. Thereby, you can give a package deal to customers who would like to build their online portal and demand both a domain and a site hosting package. A few corporations provide such options. With 'ResellersPanel', for instance, you can buy a Virtual Dedicated Server or a dedicated server, and they will also give you a domain name reseller account and free-of-charge billing transaction software to bill your clients. You can then sell Top-Level Domains and shared hosting packages to customers, and since they offer lots of different domain extensions, you will be able to offer domain and hosting services to clients from all around the globe.