The Internet is an ever-developing network that provides new ways to earn money online. One of these options is to become a domain reseller and sell domain names to end users, earning profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered each and every day, and there are 1 000 000's of presently functioning domains, so this is a flourishing business niche that you can become engaged in.
Top-Level and Second-Level Domains Names
A domain name includes two parts - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic TLDs comprise the most famous domain name extensions such as .com, .net, .org, .mobi, .info, while the ccTLDs involve two-character abbreviations that symbolize each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a country-code one, has a Registry - an institution that is responsible for the registrations and sets the preconditions that each specific Top-Level Domain may include, like the duration of the registration term or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the corporations that in fact sell the domain name to customers and handle all domain records.
Gain Money From Selling Domain Names
Many Registrars have reseller programs that allow people to earn money from selling domains to end customers. If you subscribe to such a program, you can kick off your very own personal e-business. Regularly, a domain will be cheaper if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end customer. The explanation is that resellers can reach more people in areas or countries where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both sides will make a profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar charges for the domain name registration.
Offer Domains Under Your Personal Brand
When you subscribe to a domain name reseller program, you will have a web page hosting Control Panel where you can determine the prices for the various top-level domain names that the Registrar provides. Most corporations also provide invoice management software and website layouts for your online shop, and the automation of the entire procedure together with the growing demand for domain names render the domain reseller industry so attractive. You will either have a pre-built site and utilize the Registrar system to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can set up your own personal site and form for placing orders. Traditionally, you have the opportunity to pick between the two alternatives, so it all depends on how proficient you are in these affairs. As a domain name reseller, you will operate on behalf of your very own personal brand name and not under the Registrar's brand.
Make Profit From Reselling Site Hosting Packages Too
A logical addition to your domain name reseller business would be to sell web hosting accounts too. In this way, you can offer a package deal to individuals who want to manage their online portal and need both a domain name and a web site hosting account. A few companies offer such options. With 'ResellersPanel', for instance, you can buy a VPS or a dedicated server, and they will also offer you a domain reseller account and free-of-cost billing software to charge your clients. You can then sell domains and shared web hosting accounts to clients, and since they provide plenty of diverse domain extensions, you will be able to offer domain name and hosting services to clients from all over the globe.