The World Wide Web is an ever-flourishing community that provides new options to make cash on the Internet. One of these ways is to be a domain name reseller and sell domains to end clients, generating revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered each day, and there are millions of currently active domain names, so this is a flourishing marketing niche that you can be involved in.
Top-Level and Second-Level Domains
A domain consists of 2 entities - 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 and "domain" is the second-level domain name.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The gTLDs comprise the most conventional domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names include 2-letter abbreviations that denote each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a country-code TLD, has a Registry - an organization that is responsible for the registrations and sets the preconditions that each particular top-level domain name may impose, among them the length of the registration period or the residency of the registrant. A number of Registrar companies operate under the Registry. These are the firms that actually sell the domain name to clients and administer all DNS records.
Gain Money From Offering Domains
Lots of Registrars have reseller programs that permit individuals to earn revenue from offering domains to end users. If you register with such a program, you can start your own e-business. Typically, a domain name will cost less if it is registered through a reseller rather than if it is bought directly from the Registrar by an end client. The reason is that resellers can reach more individuals in local regions or states where the Registrar may not be famous at all. This means more sales for the Registrar, so both sides will earn a profit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar requires for the domain name registration.
Sell Top-Level Domain Names Under Your Own Personal Trademark Name
When you register with a domain reseller program, you will have a web hosting Control Panel where you can choose the prices for the different Top-Level Domains that the Registrar offers. Most corporations also offer invoicing transaction software and web design skins for your web shop, and the automation of the entire process combined with the increasing demand for domain names render the domain name reseller industry so attractive. You will either receive a pre-made website and utilize the Registrar system to resell domains, or they will give you access to their API (Application Programming Interface) so that you can build your own personal website and form for placing orders. Usually, you have the option to decide between the two alternatives, so it all depends on how trained you are in these matters. As a domain reseller, you will operate on behalf of your very own trademark name and not on behalf of the Registrar's.
Make Cash From Offering Hosting Packages Too
An excellent addition to your domain name reseller business would be to sell web hosting plans as well. In this way, you can offer a package deal to clients who wish to develop their web site and need both a domain and a hosting plan. Certain companies supply such options. With 'ResellersPanel', for example, you can order a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain reseller account and free-of-charge invoicing transaction software to bill your clients. You can then sell Top-Level Domains and shared hosting packages to customers, and since they provide plenty of different domain name extensions, you will be able to offer domain name and hosting services to clients from all over the world.