The World Wide Web is an ever-increasing system that provides new possibilities to make money online. One of them is to become a domain name reseller and sell domains to end clients, making revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered every day, and there are millions of currently functioning domain names, so this is a flowering marketing niche that you can be a part of.
TLDs and SLDs
A domain name is composed of 2 entities - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic top-level domain names include the most famous domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains include 2-character abbreviations that stand for each country. Instances of ccTLDs 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 one, has a Registry - an organization that is responsible for the registrations and determines the preconditions that each particular TLD may involve, like the length of the registration period or the citizenship of the registrant. Certain Registrar corporations work under the Registry. These are the firms that actually offer the domain name to clients and administer all domain records.
Gain Money From Offering Domain Names
Multiple Registrars have reseller programs that permit individuals to make money from offering domains to end users. If you register with such a program, you can build your very own personal web business. Commonly, a domain name will be more inexpensive if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end user. The explanation is that resellers can contact more users in local districts or countries where the Registrar may not be known whatsoever. This implies more sales for the Registrar, so both parties will earn a profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain registration.
Resell TLDs On Behalf Of Your Own Brand Name
When you sign up for a domain name reseller program, you will have a web site hosting CP where you can fix the prices for the specific TLDs that the Registrar offers. Most corporations also offer invoicing software and skins for your online storefront, and the automation of the entire process combined with the large demand for domains render the domain reseller business so seductive. You will either receive a pre-built website and utilize the Registrar platform to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can create your own personal online portal and form for placing orders. Typically, you have the option to select between the 2 options, so it all depends on how expert you are in these affairs. As a domain name reseller, you will do business under your very own personal brand and not under the Registrar's brand.
Gain Profit From Trading Web Space Hosting Solutions Too
A suitable addition to your domain reseller business would be to sell web hosting plans as well. In this way, you can give a package deal to users who desire to have their web page and need both a domain name and a webspace hosting package. Given firms supply such options. With 'ResellersPanel', for example, you can purchase a VPS or a dedicated server, and they will also offer you a domain name reseller account and free-of-charge billing software to bill your customers. You can then sell TLDs and shared hosting packages to clients, and since they provide many diverse domain name extensions, you will be able to offer domain and hosting services to people from all around the globe.