The Internet is an ever-developing platform that supplies new options to earn cash online. One of these options is to be a domain name reseller and sell domains to end clients, making profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domain names are registered each and every day, and there are millions of presently functioning domain names, so this is a flourishing business niche that you can be involved in.
TLDs and SLDs
A domain includes two entities - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The generic top-level domain names comprise the most conventional domain name extensions like .com, .net, .org, .mobi, .info, while the country-code TLDs contain 2-character abbreviations that correspond to each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic top-level domain name or a country-code TLD, has a Registry - an institution that handles the registrations and sets the requirements that each particular TLD may entail, among them the duration of the registration period or the residency of the registrant. A number of Registrar companies work under the Registry. These are the firms that actually sell the domain name to customers and handle all DNS records.
Make Profit From Reselling Domain Names
Many Registrars have reseller programs that enable individuals to make cash from offering domains to end customers. If you sign up for such a program, you can begin your own e-business. Usually, a domain name will be cheaper if it is registered via a reseller rather than if it is bought directly from the Registrar by an end customer. The explanation is that resellers can reach more individuals in areas or states where the Registrar may not be famous at all. This means more sales for the Registrar, so both parties will earn a profit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar charges for the domain registration.
Offer Domain Names Under Your Very Own Brand Name
When you sign up for a domain reseller program, you will have a web site hosting CP where you can choose the prices for the various top-level domain names that the Registrar offers. Most companies also provide invoicing software and website templates for your virtual store, and the automation of the entire process combined with the large demand for domain names render the domain reseller business niche so desirable. You will either have a turn-key website and avail of 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 own site and order form. Traditionally, you have the option to pick between the two options, so it all depends on how accomplished you are in these affairs. As a domain name reseller, you will work on behalf of your very own personal brand and not under the Registrar's.
Earn Cash From Offering Website Hosting Plans As Well
A suitable supplement to your domain reseller business would be to sell web hosting packages as well. In this way, you can offer a package deal to people who would like to launch their web page and demand both a domain and a website hosting package. Some firms offer such options. With 'ResellersPanel', for instance, you can order a Virtual Server or a dedicated server, and they will also give you a domain reseller account and cost-free invoicing transaction software to charge your clients. You can then offer Top-Level Domains and shared hosting packages to clients, and since they provide lots of diverse domain name extensions, you will be able to provide domain name and hosting services to customers from all around the globe.