Domain name reseller
The Internet is an ever-flourishing system that generates new possibilities to gain cash online. One of these possibilities is to become a domain name reseller and sell domain names to end clients, gaining profit from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered every day, and there are 1 000 000's of currently functioning domain names, so this is a thriving business niche that you can be engaged in.
Top-Level and Second-Level Domains
A domain comprises 2 constituents - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The generic top-level domain names comprise the most widely used domain name extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains consist of 2-letter abbreviations that symbolize each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a country-code Top-Level Domain, has a Registry - an institution that administers the registrations and sets the preconditions that each specific TLD may contain, such as the length of the registration period or the residency of the registrant. Certain Registrar companies work under the Registry. These are the firms that actually sell the domain name to clients and handle all domain records.
Make Cash From Offering Domains
A lot of Registrars have reseller programs that permit people to gain profit from selling domains to end customers. If you register with such a program, you can establish your own personal Internet business. Normally, 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 user. The cause is that resellers can reach more clients in local communities or countries where the Registrar may not be popular at all. This implies more sales for the Registrar, so both sides will benefit from 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.
Offer Domains On Behalf Of Your Own Brand
When you sign up for a domain reseller program, you will have a hosting CP where you can determine the prices for the various TLDs that the Registrar provides. Most corporations also provide invoice transaction software and design skins for your virtual shop, and the automation of the whole procedure together with the swelling demand for domains render the domain name reseller industry so seductive. You will either receive a pre-built website and make use of the Registrar system to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can set up your very own website and order form. Typically, you have the option to decide between the 2 possibilities, so it all depends on how practiced you are in these matters. As a domain reseller, you will do business on behalf of your personal brand name and not under the Registrar's.
Earn Money From Promoting Web Hosting Solutions Too
A sensible addition to your domain reseller business would be to sell web hosting solutions too. Thereby, you can give a package deal to customers who want to manage their website and require both a domain and a hosting plan. Particular firms provide such options. With 'ResellersPanel', for instance, you can order a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and free billing management software to bill your clients. You can then sell domains and shared hosting plans to customers, and since they offer lots of diverse domain name extensions, you will be able to provide domain name and hosting services to people from all around the globe.