The World Wide Web is an ever-flourishing system that furnishes new possibilities to make money online. One of these options is to be a domain reseller and offer domain names to end users, gaining profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domains are registered each and every day, and there are millions of currently active domain names, so this is a developing marketing niche that you can be involved in.
Top-Level and Second-Level Domains
A domain name contains two components - 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.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The gTLDs comprise the most common domain extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains include 2-character abbreviations that stand for each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic TLD or a ccTLD, has a Registry - an institution that deals with the registrations and sets the prerequisites that each particular Top-Level Domain may have, such as the length of the registration period or the citizenship of the registrant. Certain Registrar firms operate under the Registry. These are the companies that actually sell the domain name to customers and manage all domain records.
Make Cash From Trading Domain Names
Multiple Registrars have reseller programs that allow individuals to make revenue from selling domains to end customers. If you subscribe to such a program, you can initiate your very own personal e-business. Normally, a domain will be more inexpensive if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end customer. The reason is that resellers can contact more users in regional communities or countries where the Registrar may not be famous at all. This means more sales for the Registrar, so both parties will cash in on that. Your revenue will be the difference between the price that the client pays and the one that the Registrar levies for the domain registration.
Sell Domains Under Your Very Own Brand
When you subscribe to a domain reseller program, you will obtain a webspace hosting CP where you can set the prices for the separate top-level domain names that the Registrar provides. Most firms also provide billing transaction software and site templates for your online storefront, and the automation of the entire process combined with the enlarging demand for domains render the domain reseller business niche so alluring. You will either acquire a pre-built web site and utilize the Registrar system to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can build your very own personal site and form for placing orders. Usually, you have the opportunity to select between the 2 possibilities, so it all revolves around how practiced you are in these issues. As a domain reseller, you will do business under your personal trademark name and not under the Registrar's.
Gain Profit From Reselling Website Hosting Packages Too
An excellent addition to your domain reseller business would be to sell web hosting accounts as well. Thus, you can give a package deal to persons who desire to run their online portal and demand both a domain and a hosting package. Certain corporations supply such options. With 'ResellersPanel', for instance, you can order a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and free invoice management software to charge your customers. You can then offer Top-Level Domains and shared hosting packages to customers, and since they offer plenty of diverse domain name extensions, you will be able to offer domain and hosting services to individuals from all over the world.