The World Wide Web is an ever-developing platform that provides new ways to gain money online. One of these ways is to be a domain name reseller and offer domains to end customers, earning profit from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domain names are registered each and every day, and there are millions of presently functioning domains, so this is a flowering business niche that you can be a part of.
TLDs and SLDs
A domain name contains two pieces - 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 and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic top-level domain names comprise the most conventional domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains contain 2-character abbreviations that represent each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a ccTLD, has a Registry - an organization that handles the registrations and determines the preconditions that each specific Top-Level Domain may involve, such as the length of the registration period or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the companies that actually offer the domain name to clients and manage all domain records.
Gain Money From Offering Domain Names
Lots of Registrars have reseller programs that allow people to earn profit from offering domain names to end clients. If you register with such a program, you can build your own electronic business. Regularly, a domain will be cheaper if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end customer. The cause is that resellers can contact more people in local communities or states where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both parties will take advantage of that. Your profit will be the difference between the price that the user pays and the one that the Registrar imposes for the domain registration.
Trade Domain Names Under Your Own Trademark Name
When you subscribe to a domain name reseller program, you will have a web site hosting CP where you can set the prices for the different Top-Level Domains that the Registrar offers. Most companies also provide billing management software and website skins for your virtual storefront, and the automation of the whole process combined with the towering demand for domains render the domain name reseller business niche so desirable. You will either get a ready-to-use web site and utilize the Registrar system to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can make your own portal and order form. Typically, you have the opportunity to decide between the two possibilities, so it all depends on how practiced you are in these matters. As a domain name reseller, you will do business under your own personal brand name and not under the Registrar's brand.
Earn Money From Providing Web Page Hosting Accounts Too
A reasonable addition to your domain reseller business would be to sell web hosting plans too. In this way, you can offer a package deal to clients who want to launch their web site and require both a domain and a web page hosting package. A few companies offer such options. With 'ResellersPanel', for instance, you can buy a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and free-of-cost invoicing transaction software to bill your clients. You can then offer top-level domain names and shared hosting packages to customers, and since they offer lots of diverse domain extensions, you will be able to provide domain name and hosting services to people from all around the globe.