The Internet is an ever-developing community that offers new ways to earn money on the Internet. One of these opportunities is to be a domain reseller and sell domains to end users, gaining profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered every day, and there are millions of currently active domain names, so this is an enlarging marketing niche that you can become a part of.
Top-Level and Second-Level Domains Names
A domain is made of two components - a Top-Level Domain (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 SLD.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The gTLDs comprise the best known domain name extensions like .com, .net, .org, .mobi, .info, while the ccTLDs comprise 2-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 top-level domain name or a country-code one, has a Registry - an organization that tackles the registrations and determines the requirements that each particular TLD may include, such as the duration of the registration term or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the companies that actually sell the domain name to customers and manage all domain resource records.
Gain Revenue From Offering Domain Names
Lots of Registrars have reseller programs that permit individuals to earn profit from selling domain names to end customers. If you register with such a program, you can start your very own e-business. Typically, a domain will cost less if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end user. The explanation is that resellers can reach more customers in areas or states where the Registrar may not be known 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 customer pays and the one that the Registrar imposes for the domain registration.
Offer Domain Names Under Your Own Trademark Name
When you subscribe to a domain reseller program, you will get a webspace hosting Control Panel where you can determine the prices for the different TLDs that the Registrar offers. Most firms also provide billing management software and site templates for your virtual storefront, and the automation of the whole procedure combined with the expanding demand for domain names render the domain name reseller market niche so desirable. You will either have a ready-for-use site and avail of the Registrar platform to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can set up your very own web site and order form. Typically, you have the option to select between the 2 options, so it all depends on how skilled you are in these affairs. As a domain reseller, you will do business on behalf of your own brand name and not under the Registrar's.
Gain Money From Reselling Web Site Hosting Services Too
A sensible addition to your domain name reseller business would be to sell web hosting solutions too. Thereby, you can offer a package deal to people who desire to launch their web page and demand both a domain and a web page hosting plan. Some companies supply such options. With 'ResellersPanel', for instance, you can run a Virtual Server or a dedicated server, and they will also offer you a domain name reseller account and free invoice management software to bill your customers. You can then offer TLDs and shared website hosting packages to customers, and since they provide lots of diverse domain extensions, you will be able to offer domain and hosting services to persons from all over the world.