Domain name reseller
The World Wide Web is an ever-increasing network that supplies new ways to gain money on the Web. One of these opportunities is to become a domain reseller and sell domain names to end users, gaining revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered each and every day, and there are millions of currently functioning domain names, so this is a thriving business niche that you can become a part of.
Top-Level and Second-Level Domains
A domain name contains 2 components - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the SLD.
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 widely used domain extensions such as .com, .net, .org, .mobi, .info, whereas the ccTLDs are composed 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 TLD or a ccTLD, has a Registry - an organization that deals with the registrations and sets the prerequisites that each given TLD may impose, including the duration of the registration period or the citizenship of the registrant. Certain Registrar companies operate under the Registry. These are the corporations that in fact offer the domain name to clients and administer all domain records.
Earn Revenue From Reselling Domain Names
Multiple Registrars have reseller programs that allow individuals to earn revenue from selling domains to end customers. If you register with such a program, you can build your own personal online business. Generally, a domain will cost less if it is registered via a reseller rather than if it is bought directly from the Registrar by an end user. The explanation is that resellers can reach more customers in regions or states where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both parties will benefit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar levies for the domain registration.
Resell TLDs Under Your Personal Brand
When you sign up for a domain reseller program, you will get a web space hosting CP where you can set the prices for the various TLDs that the Registrar offers. Most companies also provide invoicing transaction software and web design templates for your virtual shop, and the automation of the entire procedure coupled with the significant demand for domains make the domain reseller industry so alluring. You will either get a turn-key website and use the Registrar system to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can build your own personal site and form for placing orders. Generally, you have the opportunity to choose between the 2 possibilities, so it all revolves around how skilled you are in these matters. As a domain reseller, you will work under your personal brand and not under the Registrar's brand.
Gain Money From Trading Site Hosting Accounts Too
A logical addition to your domain name reseller business would be to sell web hosting services too. In this way, you can give a package deal to clients who want to set up their web site and need both a domain and a site hosting plan. Given firms supply such options. With 'ResellersPanel', for example, you can buy a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and free billing transaction software to charge your customers. You can then offer TLDs and shared web hosting plans to customers, and since they provide a lot of diverse domain name extensions, you will be able to provide domain and hosting services to users from all around the world.