The Internet is an ever-flourishing platform that furnishes new ways to earn cash on the Internet. One of these opportunities is to become a domain reseller and sell domain names to end users, earning profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domain names are registered every day, and there are millions of presently active domains, so this is a developing business niche that you can become engaged in.
TLDs and SLDs
A domain name contains 2 components - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".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 Top-Level Domains include the most widely used domain extensions such as .com, .net, .org, .mobi, .info, while the country-code TLDs include 2-letter abbreviations that stand for each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic TLD or a country-code top-level domain name, has a Registry - an institution that is responsible for the registrations and sets the requirements that each particular TLD may involve, such as the duration of the registration period or the residency of the registrant. A number of Registrar companies operate under the Registry. These are the corporations that actually offer the domain name to customers and handle all domain records.
Gain Money From Reselling Domain Names
Multiple Registrars have reseller programs that allow people to gain profit from selling domains to end users. If you sign up for such a program, you can start your own personal e-business. Commonly, a domain name will be cheaper 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 people in regional communities or states where the Registrar may not be known at all. This implies more sales for the Registrar, so both sides will capitalize on that. Your profit will be the difference between the price that the user pays and the one that the Registrar requires for the domain name registration.
Resell Domain Names On Behalf Of Your Very Own Personal Brand
When you register with a domain name reseller program, you will have a site hosting Control Panel where you can fix the prices for the individual top-level domain names that the Registrar offers. Most companies also offer billing transaction software and design themes for your virtual shop, and the automation of the entire procedure coupled with the enlarging demand for domains render the domain name reseller business niche so seductive. You will either get a ready-for-use website and utilize the Registrar system to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can build your own portal and order form. Traditionally, you have the option to choose between the 2 options, so it all depends on how trained you are in these issues. As a domain reseller, you will sell on behalf of your very own personal trademark name and not on behalf of the Registrar's.
Gain Cash From Offering Webspace Hosting Solutions Too
An excellent supplement to your domain reseller business would be to sell web hosting services too. In this way, you can give a package deal to users who wish to make their website and require both a domain and a web hosting plan. A few corporations provide such options. With 'ResellersPanel', for instance, you can run a VPS or a dedicated server, and they will also give you a domain reseller account and free-of-charge billing transaction software to bill your customers. You can then sell domains and shared website hosting packages to clients, and since they provide plenty of diverse domain name extensions, you will be able to provide domain and hosting services to customers from all over the world.