The World Wide Web is an ever-developing platform that furnishes new ways to gain cash online. One of these ways is to be a domain reseller and offer domains to end users, generating revenue from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered each day, and there are millions of presently functioning domains, so this is a blooming business niche that you can be involved in.
TLDs and SLDs
A domain contains 2 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 SLD.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic TLDs comprise the most famous domain name extensions like .com, .net, .org, .mobi, .info, while the country-code TLDs consist of two-character abbreviations that symbolize each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic top-level domain name or a country-code Top-Level Domain, has a Registry - an institution that manages the registrations and determines the preconditions that each given top-level domain name may involve, such as the length of the registration term or the citizenship of the registrant. Certain Registrar companies operate under the Registry. These are the companies that actually sell the domain name to clients and manage all domain name resource records.
Make Money From Trading Domain Names
A lot of Registrars have reseller programs that enable people to make revenue from offering domains to end users. If you register with such a program, you can launch your own personal e-business. Normally, a domain name will be cheaper if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end client. The explanation is that resellers can contact more persons in regions or countries where the Registrar may not be known at all. This implies more sales for the Registrar, so both sides will cash in on that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar charges for the domain registration.
Resell Domains Under Your Personal Trademark Name
When you sign up for a domain reseller program, you will receive a website hosting Control Panel where you can select the prices for the different top-level domain names that the Registrar offers. Most corporations also offer invoice transaction software and web templates for your virtual store, and the automation of the entire procedure coupled with the great demand for domains render the domain reseller business niche so seductive. You will either acquire a ready-made web site and use the Registrar platform to resell domains, or they will give you access to their API (Application Programming Interface) so that you can make your very own portal and order form. Usually, you have the opportunity to pick between the two options, so it all revolves around how expert you are in these issues. As a domain reseller, you will operate under your own brand name and not under the Registrar's.
Make Revenue From Supplying Site Hosting Plans Too
A suitable addition to your domain reseller business would be to sell web hosting plans too. Thereby, you can offer a package deal to users who desire to run their web portal and require both a domain and a site hosting package. Particular firms furnish such options. With 'ResellersPanel', for example, you can purchase a VPS or a dedicated server, and they will also give you a domain name reseller account and charge-free billing management software to bill your clients. You can then offer domains and shared website hosting plans to clients, and since they offer a lot of different domain extensions, you will be able to provide domain and hosting services to customers from all over the world.