The Internet is an ever-expanding community that delivers new opportunities to gain cash on the Web. One of these possibilities 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 day, and there are 1 000 000's of presently active domain names, so this is a flowering marketing niche that you can become involved in.
Top-Level and Second-Level Domains
A domain name contains two pieces - 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 second-level domain name.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The generic Top-Level Domains include the most famous domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names involve 2-character abbreviations that symbolize each country. Examples 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 organization that is responsible for the registrations and determines the prerequisites that each particular TLD may impose, such as the length of the registration term or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the firms that actually sell the domain name to clients and handle all domain name records.
Gain Money From Offering Domains
Multiple Registrars have reseller programs that permit individuals to gain profit from selling domains to end customers. If you subscribe to such a program, you can build your very own 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 client. The reason is that resellers can reach more customers in provinces or countries where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both parties 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 levies for the domain name registration.
Offer Top-Level Domain Names On Behalf Of Your Very Own Brand
When you sign up for a domain reseller program, you will have a web page hosting Control Panel where you can determine the prices for the different Top-Level Domains that the Registrar offers. Most companies also provide invoice software and web page layouts for your virtual store, and the automation of the entire procedure coupled with the great demand for domains make the domain reseller business so attractive. You will either have a turn-key site and avail of the Registrar platform to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your own online portal and order form. Normally, you have the option to select between the 2 possibilities, so it all revolves around how advanced you are in these issues. As a domain name reseller, you will sell on behalf of your personal brand and not under the Registrar's.
Make Cash From Reselling Web Site Hosting Services Too
A relevant addition to your domain reseller business would be to sell web hosting plans too. Thus, you can give a package deal to people who want to manage their online portal and need both a domain and a web hosting package. Some companies offer such options. With 'ResellersPanel', for instance, you can purchase a Virtual Private Server or a dedicated server, and they will also give you a domain reseller account and charge-free invoice transaction software to charge your customers. You can then sell TLDs and shared hosting plans to clients, and since they provide a lot of diverse domain extensions, you will be able to offer domain name and hosting services to users from all around the globe.