The World Wide Web is an ever-growing platform that furnishes new ways to earn money on the Web. One of these opportunities is to become a domain name reseller and sell domain names to end customers, making profit from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered every day, and there are millions of presently functioning domains, so this is a blooming marketing niche that you can be engaged in.
Top-Level and Second-Level Domains Names
A domain name is composed of two parts - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic TLDs comprise the most popular domain extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains include two-character abbreviations that correspond to each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a country-code Top-Level Domain, has a Registry - an organization that administers the registrations and determines the preconditions that each given TLD may involve, among them the duration of the registration period or the residency of the registrant. A number of Registrar firms work under the Registry. These are the companies that in fact sell the domain name to customers and manage all domain records.
Earn Revenue From Selling Domains
Numerous Registrars have reseller programs that enable individuals to earn profit from offering domain names to end users. If you sign up for such a program, you can launch your own personal electronic business. Usually, a domain name will cost less if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end client. The cause is that resellers can reach more persons in provinces or countries where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both parties will make a profit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar imposes for the domain name registration.
Offer Top-Level Domain Names Under Your Very Own Personal Brand Name
When you register with a domain reseller program, you will receive a hosting Control Panel where you can choose the prices for the different Top-Level Domains that the Registrar offers. Most corporations also provide invoice management software and website skins for your online shop, and the automation of the entire process together with the flourishing demand for domain names make the domain name reseller industry so desirable. You will either acquire a pre-made web site and make use of the Registrar platform to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can create your own web page and form for placing orders. Typically, you have the option to decide between the 2 options, so it all revolves around how experienced you are in these matters. As a domain reseller, you will sell on behalf of your own brand name and not on behalf of the Registrar's.
Gain Revenue From Selling Web Hosting Accounts Too
A reasonable addition to your domain reseller business would be to sell web hosting services as well. In this way, you can give a package deal to clients who wish to develop their web page and demand both a domain name and a hosting account. A number of corporations have such options. With 'ResellersPanel', for example, you can manage a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and charge-free invoice transaction software to charge your clients. You can then offer TLDs and shared web 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 people from all over the globe.