The World Wide Web is an ever-enlarging community that generates new opportunities to make money online. One of these opportunities is to become a domain name reseller and sell domain names to end users, earning revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered each and every day, and there are 1 000 000's of currently active domains, so this is an increasing business niche that you can become involved in.
Top-Level and Second-Level Domains Names
A domain involves 2 constituents - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick 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 Domain Names
The TLDs can be generic or country code. The generic Top-Level Domains include the most famous domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains involve two-character abbreviations that signify each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a ccTLD, has a Registry - an organization that is responsible for the registrations and determines the requirements that each given Top-Level Domain may involve, such as the duration of the registration term or the residency of the registrant. A number of Registrar companies operate under the Registry. These are the corporations that actually offer the domain name to clients and administer all domain records.
Gain Profit From Reselling Domain Names
Many Registrars have reseller programs that permit individuals to gain money from selling domains to end customers. If you sign up for such a program, you can initiate your own personal online business. Commonly, a domain will cost less if it is registered through a reseller rather than if it is bought directly from the Registrar by an end user. The reason is that resellers can contact more customers in regions or states where the Registrar may not be famous at all. 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 customer pays and the one that the Registrar requires for the domain registration.
Resell Top-Level Domain Names On Behalf Of Your Own Personal Trademark Name
When you subscribe to a domain name reseller program, you will get a site hosting Control Panel where you can fix the prices for the specific TLDs that the Registrar offers. Most firms also offer billing transaction software and web site layouts for your online storefront, and the automation of the whole procedure coupled with the growing demand for domain names render the domain reseller business niche so attractive. You will either have a ready-for-use website and utilize the Registrar system to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can set up your own site and form for placing orders. Normally, you have the option to select between the two alternatives, so it all revolves around how proficient you are in these things. As a domain name reseller, you will operate under your own personal trademark name and not under the Registrar's.
Make Revenue From Providing Webspace Hosting Packages As Well
A suitable supplement to your domain reseller business would be to sell web hosting accounts as well. Thereby, you can give a package deal to persons who wish to create their site and need both a domain name and a web page hosting plan. Some companies offer such options. With 'ResellersPanel', for example, you can have a Virtual Server or a dedicated server, and they will also offer you a domain name reseller account and cost-free invoice transaction software to bill your customers. You can then offer domains and shared website hosting accounts to customers, and since they offer many diverse domain name extensions, you will be able to offer domain and hosting services to persons from all over the world.