The World Wide Web is an ever-expanding system that furnishes new opportunities to gain cash on the Web. One of these ways is to become a domain name reseller and offer domains to end users, gaining profit from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered every day, and there are 1 000 000's of currently functioning domain names, so this is an enlarging marketing niche that you can become engaged in.
TLDs and SLDs
A domain name comprises 2 constituents - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the SLD.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic Top-Level Domains include the most common domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains consist of 2-character abbreviations that correspond to each country. Instances of ccTLDs 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 organization that is responsible for the registrations and sets the preconditions that each specific top-level domain name may have, such as the length of the registration period or the residency of the registrant. Certain Registrar firms work under the Registry. These are the firms that in fact sell the domain name to customers and handle all domain records.
Make Profit From Reselling Domains
Many Registrars have reseller programs that allow individuals to earn money from offering domain names to end clients. If you register with such a program, you can launch your own personal web business. As a rule, a domain will cost less if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end client. The cause is that resellers can reach more clients in regions or states where the Registrar may not be popular at all. This means more sales for the Registrar, so both sides will make a profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar requires for the domain registration.
Trade TLDs Under Your Own Personal Brand Name
When you sign up for a domain name reseller program, you will have a website hosting CP where you can select the prices for the individual Top-Level Domains that the Registrar provides. Most companies also offer invoice software and web page templates for your online shop, and the automation of the whole process coupled with the great demand for domains render the domain name reseller market niche so alluring. You will either receive a ready-for-use site and use the Registrar system to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can set up your very own web site and form for placing orders. Traditionally, you have the option to pick between the 2 options, so it all revolves around how advanced you are in these issues. As a domain reseller, you will sell under your very own personal brand name and not under the Registrar's.
Earn Profit From Offering Web Hosting Plans Too
A suitable addition to your domain name reseller business would be to sell web hosting plans as well. Thereby, you can offer a package deal to individuals who want to make their online portal and need both a domain and a web space hosting account. A few companies provide such options. With 'ResellersPanel', for instance, you can purchase a Virtual Private Server or a dedicated server, and they will also give you a domain reseller account and free-of-charge billing transaction software to charge your customers. You can then offer domains and shared web hosting packages to clients, and since they offer plenty of different domain extensions, you will be able to provide domain and hosting services to users from all around the globe.