The World Wide Web is an ever-growing network that delivers new options to gain money on the Internet. One of these options is to be a domain name reseller and sell domains to end clients, gaining revenue from the difference between the wholesale and the retail cost of each domain name. Thousands of domain names are registered every day, and there are 1 000 000's of currently active domain names, so this is a flowering marketing niche that you can become involved in.
TLDs and SLDs
A domain is made of 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 name.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The gTLDs include the most widely used domain extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains contain two-letter 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 ccTLD, has a Registry - an organization that administers the registrations and determines the requirements that each specific TLD may impose, among them the length of the registration period or the citizenship of the registrant. A number of Registrar corporations work under the Registry. These are the firms that actually sell the domain name to customers and manage all domain name resource records.
Make Money From Selling Domains
A lot of Registrars have reseller programs that enable people to make money from selling domains to end clients. If you sign up for such a program, you can commence your own online business. As a rule, a domain name will cost less if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end customer. The explanation is that resellers can reach more people in regions or states where the Registrar may not be famous at all. This implies more sales for the Registrar, so both sides 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 imposes for the domain name registration.
Offer Top-Level Domains Under Your Own Trademark Name
When you subscribe to a domain name reseller program, you will acquire a CP where you can set the prices for the individual top-level domain names that the Registrar provides. Most companies also offer invoicing software and web page skins for your virtual storefront, and the automation of the whole process together with the enormous demand for domain names render the domain name reseller business niche so attractive. You will either acquire a pre-built site and avail of the Registrar system 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 web portal and form for placing orders. Normally, you have the option to select between the two alternatives, so it all revolves around how accomplished you are in these things. As a domain reseller, you will operate under your own brand name and not under the Registrar's brand.
Make Cash From Reselling Hosting Accounts Too
A good addition to your domain reseller business would be to sell web hosting services as well. In this way, you can offer a package deal to customers who want to set up their web site and require both a domain name and a webspace hosting package. A number of companies have such options. With 'ResellersPanel', for example, you can run a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and cost-free billing management software to charge your clients. You can then offer Top-Level Domains and shared website hosting accounts to customers, and since they offer plenty of different domain extensions, you will be able to provide domain and hosting services to users from all around the world.