The World Wide Web is an ever-enlarging network that furnishes new ways to earn cash on the Internet. One of them is to be a domain name reseller and offer domain names to end customers, making revenue from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domain names are registered every day, and there are 1 000 000's of currently functioning domains, so this is a flourishing marketing niche that you can be involved in.
Top-Level and Second-Level Domains
A domain name includes 2 entities - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the TLD and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The generic Top-Level Domains comprise the most widespread domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains are made of two-letter 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 TLD or a country-code TLD, has a Registry - an institution that manages the registrations and sets the requirements that each concrete Top-Level Domain may entail, such as the length of the registration term or the residency of the registrant. A number of Registrar companies work under the Registry. These are the companies that actually offer the domain name to clients and handle all domain records.
Earn Revenue From Trading Domain Names
Plenty of Registrars have reseller programs that permit people to gain cash from selling domains to end users. If you register with such a program, you can establish your very own web business. Commonly, 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 clients in local districts or countries where the Registrar may not be known at all. This implies 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 imposes for the domain name registration.
Offer Top-Level Domains Under Your Personal Trademark Name
When you register with a domain reseller program, you will have a web site hosting Control Panel where you can choose the prices for the specific top-level domain names that the Registrar provides. Most corporations also provide invoicing transaction software and website layouts for your online shop, and the automation of the entire process coupled with the large demand for domain names render the domain reseller market so attractive. You will either obtain a pre-developed web site and use 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 very own personal portal and form for placing orders. Traditionally, you have the option to decide between the two alternatives, so it all depends on how skilled you are in these issues. As a domain name reseller, you will sell on behalf of your own trademark name and not under the Registrar's brand.
Make Revenue From Selling Web Hosting Packages Too
A relevant supplement to your domain name reseller business would be to sell web hosting packages as well. Thus, you can offer a package deal to customers who want to run their website and require both a domain and a website hosting package. Some corporations furnish such options. With 'ResellersPanel', for instance, you can manage a Virtual Server or a dedicated server, and they will also give you a domain reseller account and free invoice transaction software to bill your clients. You can then sell domain names and shared website hosting packages to clients, and since they provide many different domain name extensions, you will be able to provide domain and hosting services to individuals from all over the globe.