The Internet is an ever-flourishing network that delivers new opportunities to earn cash online. One of these possibilities is to become a domain reseller and offer domain names to end clients, generating revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered each and every day, and there are millions of currently functioning domains, so this is a developing trading niche that you can be a part of.
Top-Level and Second-Level Domains
A domain name comprises two components - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic TLDs include the most common domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names contain 2-letter abbreviations that denote each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic Top-Level Domain or a country-code TLD, has a Registry - an organization that handles the registrations and determines the requirements that each concrete TLD may entail, among them the duration of the registration period or the citizenship of the registrant. A number of Registrar corporations work under the Registry. These are the corporations that in fact offer the domain name to customers and manage all DNS resource records.
Earn Money From Selling Domain Names
A lot of Registrars have reseller programs that allow individuals to earn cash from offering domains to end users. If you subscribe to such a program, you can kick off your own personal electronic business. Generally, a domain name will cost less if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end client. The reason is that resellers can contact more users in provinces or states where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both parties will capitalize on 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 Domain Names Under Your Own Personal Brand Name
When you register with a domain reseller program, you will obtain a website hosting Control Panel where you can fix the prices for the different top-level domain names that the Registrar offers. Most firms also provide invoice management software and templates for your web storefront, and the automation of the whole procedure coupled with the considerable demand for domain names render the domain reseller business niche so alluring. You will either have a pre-developed website and use the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can make your very own web portal and form for placing orders. Normally, you have the opportunity to decide between the two alternatives, so it all revolves around how advanced you are in these affairs. As a domain reseller, you will do business under your personal brand and not on behalf of the Registrar's.
Gain Money From Selling Web Space Hosting Solutions Too
A perfect supplement to your domain reseller business would be to sell web hosting accounts too. Thereby, you can give a package deal to persons who would like to establish their website and require both a domain and a web site hosting account. A few firms provide such options. With 'ResellersPanel', for instance, you can run a Virtual Private Server or a dedicated server, and they will also give you a domain reseller account and free-of-charge billing software to bill your clients. You can then offer domain names and shared web hosting plans to clients, and since they provide a lot of different domain extensions, you will be able to offer domain name and hosting services to customers from all over the world.