Domain reseller
The Internet is an ever-expanding system that delivers new options to make money on the Internet. One of these options is to become a domain name reseller and offer domains to end customers, earning revenue from the difference between the wholesale and the retail cost of each domain name. 1000's of domains are registered every day, and there are 1 000 000's of currently active domains, so this is a developing trading niche that you can become a part of.
Top-Level and Second-Level Domains
A domain name is made of 2 components - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the SLD.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic Top-Level Domains include the most widespread domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names include 2-character abbreviations that stand for each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic top-level domain name or a ccTLD, has a Registry - an institution that tackles the registrations and sets the requirements that each specific top-level domain name may have, like the length of the registration period or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the companies that actually offer the domain name to clients and manage all DNS resource records.
Earn Cash From Reselling Domain Names
A lot of Registrars have reseller programs that allow people to gain money from offering domain names to end clients. If you sign up for such a program, you can kickstart your own personal web business. Normally, a domain will be cheaper if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end user. The reason is that resellers can contact more customers in local districts or countries where the Registrar may not be famous at all. This implies more sales for the Registrar, so both sides will profit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar requires for the domain name registration.
Resell TLDs Under Your Own Brand Name
When you sign up for a domain name reseller program, you will get a web site hosting Control Panel where you can determine the prices for the specific Top-Level Domains that the Registrar offers. Most firms also offer invoicing transaction software and web themes for your web store, and the automation of the entire process together with the immense demand for domains render the domain name reseller business niche so tempting. You will either acquire a pre-developed web site and use the Registrar platform to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can make your own web site and order form. Generally, you have the option to pick between the 2 options, so it all depends on how skillful you are in these affairs. As a domain reseller, you will work on behalf of your very own personal brand and not under the Registrar's.
Make Profit From Supplying Hosting Accounts Too
A good addition to your domain reseller business would be to sell web hosting plans as well. In this way, you can give a package deal to customers who desire to create their online portal and require both a domain and a web space hosting package. A few corporations provide such options. With 'ResellersPanel', for example, you can run a VPS or a dedicated server, and they will also give you a domain reseller account and free invoicing software to bill your customers. You can then sell top-level domain names and shared hosting packages to clients, and since they offer lots of different domain extensions, you will be able to offer domain name and hosting services to people from all over the world.