The World Wide Web is an ever-increasing platform that supplies new opportunities to earn money on the Internet. One of these possibilities is to be a domain reseller and sell domain names to end clients, earning 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 millions of presently active domains, so this is an increasing marketing niche that you can be a part of.
TLDs and SLDs
A domain name includes two constituents - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the SLD.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The generic Top-Level Domains comprise the most widespread domain name extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names contain 2-letter abbreviations that represent each country. Instances of country-code Top-Level Domains 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 TLD, has a Registry - an organization that handles the registrations and sets the prerequisites that each given TLD may impose, among them the duration of the registration period or the residency of the registrant. Certain Registrar companies work under the Registry. These are the corporations that actually sell the domain name to customers and manage all DNS records.
Gain Money From Reselling Domain Names
Multiple Registrars have reseller programs that allow individuals to gain money from selling domains to end customers. If you subscribe to such a program, you can set up 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 user. The reason is that resellers can contact more clients in local districts or countries where the Registrar may not be popular at all. This implies more sales for the Registrar, so both parties will earn a profit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar levies for the domain name registration.
Sell TLDs Under Your Very Own Personal Brand Name
When you subscribe to a domain reseller program, you will obtain a web site hosting Control Panel where you can select the prices for the different top-level domain names that the Registrar provides. Most companies also offer invoicing software and website templates for your online store, and the automation of the whole process together with the big demand for domains make the domain name reseller business so tempting. You will either receive a pre-built website and avail of the Registrar system to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can create your own website and form for placing orders. Commonly, you have the option to decide between the 2 options, so it all depends on how experienced you are in these affairs. As a domain name reseller, you will sell under your very own personal trademark name and not on behalf of the Registrar's.
Earn Profit From Offering Website Hosting Accounts As Well
A suitable supplement to your domain name reseller business would be to sell web hosting services as well. In this way, you can give a package deal to persons who want to manage their online portal and need both a domain and a hosting account. A few companies furnish 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 reseller account and free billing transaction software to charge your customers. You can then offer domain names and shared website hosting packages to customers, and since they provide many diverse domain name extensions, you will be able to provide domain name and hosting services to people from all around the globe.