The Internet is an ever-flourishing network that supplies new ways to earn money online. One of these ways is to become a domain name reseller and offer domains to end customers, generating revenue from the difference between the wholesale and the retail price of each and every domain name. 1000's of domain names are registered every day, and there are 1 000 000's of presently active domains, so this is a blooming marketing niche that you can be engaged in.
Top-Level and Second-Level Domains
A domain is composed of two pieces - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The generic Top-Level Domains comprise the most conventional domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs comprise two-letter abbreviations that stand for each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic TLD or a country-code one, has a Registry - an organization that manages the registrations and sets the preconditions that each given Top-Level Domain may include, such as the length of the registration period or the residency of the registrant. A number of Registrar firms operate under the Registry. These are the firms that actually offer the domain name to clients and administer all DNS resource records.
Earn Money From Offering Domain Names
A lot of Registrars have reseller programs that permit people to make revenue from offering domains to end clients. If you sign up for such a program, you can kickstart your very own web business. Normally, a domain will be more inexpensive if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end customer. The reason is that resellers can reach more people in provinces or countries where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both parties will cash in on that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar levies for the domain registration.
Offer Top-Level Domains On Behalf Of Your Own Brand Name
When you sign up for a domain reseller program, you will have a web page hosting Control Panel where you can fix the prices for the specific Top-Level Domains that the Registrar offers. Most companies also provide invoice software and web site templates for your web store, and the automation of the entire process combined with the significant demand for domain names make the domain reseller business so attractive. You will either have a turn-key web site and utilize the Registrar system to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can set up your very own personal portal and form for placing orders. Normally, you have the option to choose between the 2 options, so it all revolves around how trained you are in these things. As a domain reseller, you will sell under your very own trademark name and not on behalf of the Registrar's brand.
Make Profit From Providing Website Hosting Plans As Well
A perfect supplement to your domain name reseller business would be to sell web hosting accounts as well. Thus, you can offer a package deal to customers who wish to run their web site and need both a domain name and a site hosting plan. A number of firms supply such options. With 'ResellersPanel', for example, you can buy a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and cost-free invoice software to bill your customers. You can then sell top-level domain names and shared hosting plans to clients, and since they provide a lot of different domain name extensions, you will be able to offer domain name and hosting services to clients from all around the world.