Domain name reseller
The Internet is an ever-developing platform that delivers new possibilities to make money on the Internet. One of these ways is to be a domain reseller and sell domain names to end customers, gaining profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered every day, and there are 1 000 000's of currently functioning domains, so this is a thriving marketing niche that you can become a part of.
TLDs and SLDs
A domain name involves 2 entities - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The TLDs can be generic or country code. The generic top-level domain names comprise the most widespread domain extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains include 2-letter abbreviations that represent each country. Examples of ccTLDs 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 institution that handles the registrations and sets the requirements that each particular Top-Level Domain may entail, like the length of the registration period or the citizenship of the registrant. A number of Registrar companies operate under the Registry. These are the firms that in fact sell the domain name to customers and manage all domain name records.
Gain Cash From Offering Domains
A lot of Registrars have reseller programs that allow individuals to gain revenue from offering domain names to end customers. If you subscribe to such a program, you can initiate your own online business. Usually, a domain name will cost less if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end user. The cause is that resellers can contact more individuals in regions or countries where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both sides will take advantage of that. Your profit will be the difference between the price that the customer pays and the one that the Registrar charges for the domain registration.
Sell TLDs Under Your Personal Brand
When you subscribe to a domain reseller program, you will have a CP where you can settle the prices for the individual TLDs that the Registrar offers. Most companies also offer invoice transaction software and web templates for your virtual storefront, and the automation of the whole process coupled with the growing demand for domain names render the domain reseller business so seductive. You will either obtain a pre-developed web site and avail of the Registrar system to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can build your own personal web site and order form. Usually, you have the opportunity to select between the 2 options, so it all revolves around how advanced you are in these things. As a domain name reseller, you will do business on behalf of your own personal trademark name and not under the Registrar's.
Gain Money From Providing Website Hosting Solutions As Well
A logical addition to your domain reseller business would be to sell web hosting solutions as well. In this way, you can offer a package deal to people who wish to develop their web page and require both a domain name and a site hosting plan. Particular firms furnish such options. With 'ResellersPanel', for example, you can run a VPS or a dedicated server, and they will also give you a domain reseller account and free invoicing transaction software to charge your clients. You can then sell domains and shared website hosting plans to customers, and since they provide a lot of different domain name extensions, you will be able to provide domain and hosting services to users from all around the world.