The Internet is an ever-developing platform that generates new opportunities to make cash online. One of these ways is to become a domain reseller and offer domains to end customers, making revenue from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered each day, and there are 1 000 000's of currently active domains, so this is a blossoming marketing niche that you can be involved in.
TLDs and SLDs
A domain is made of 2 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 name and "domain" is the SLD.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The generic TLDs include the most common domain extensions like .com, .net, .org, .mobi, .info, while the ccTLDs consist of two-letter abbreviations that symbolize each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic top-level domain name or a country-code one, has a Registry - an institution that handles the registrations and sets the requirements that each given top-level domain name may impose, like the length of the registration term or the residency of the registrant. Certain Registrar companies work under the Registry. These are the firms that in fact sell the domain name to customers and administer all DNS resource records.
Earn Revenue From Trading Domain Names
A lot of Registrars have reseller programs that enable individuals to make cash from selling domain names to end clients. If you subscribe to such a program, you can start your very own personal web business. Typically, a domain will be cheaper if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end customer. The explanation is that resellers can reach more people in local districts or states where the Registrar may not be popular whatsoever. 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 levies for the domain name registration.
Sell TLDs Under Your Own Trademark Name
When you subscribe to a domain reseller program, you will receive a web space hosting CP where you can determine the prices for the different TLDs that the Registrar offers. Most firms also provide invoice management software and web themes for your virtual shop, and the automation of the whole process coupled with the high demand for domains make the domain reseller business so desirable. You will either acquire a ready-for-use site and avail of the Registrar system to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can set up your own personal website and order form. Normally, you have the opportunity to decide between the two possibilities, so it all revolves around how expert you are in these matters. As a domain name reseller, you will do business under your very own trademark name and not on behalf of the Registrar's brand.
Earn Money From Promoting Webspace Hosting Accounts As Well
An excellent supplement to your domain name reseller business would be to sell web hosting services too. Thereby, you can offer a package deal to persons who desire to establish their web site and demand both a domain and a web space hosting plan. Some firms furnish such options. With 'ResellersPanel', for example, you can buy a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and free billing management software to bill your clients. You can then offer domain names and shared hosting accounts to customers, and since they offer many diverse domain name extensions, you will be able to provide domain name and hosting services to individuals from all around the globe.