The World Wide Web is an ever-expanding network that offers new opportunities to gain money on the Web. One of these options is to be a domain name reseller and offer domain names to end customers, generating revenue from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered every day, and there are millions of presently functioning domains, so this is an enlarging marketing niche that you can be engaged in.
TLDs and SLDs
A domain is made of two entities - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the Top-Level Domain and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic top-level domain names include the most widespread domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code TLDs contain two-letter abbreviations that correspond to each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic top-level domain name or a country-code Top-Level Domain, has a Registry - an organization that handles the registrations and determines the preconditions that each given TLD may impose, like the length of the registration period or the residency of the registrant. Certain Registrar firms work under the Registry. These are the firms that actually sell the domain name to customers and administer all domain records.
Make Revenue From Offering Domains
Plenty of Registrars have reseller programs that enable individuals to earn revenue from offering domain names to end customers. If you subscribe to such a program, you can kickstart your very own personal e-business. Typically, a domain name will cost less if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end client. The reason is that resellers can reach more people in regional communities or states where the Registrar may not be known at all. This means more sales for the Registrar, so both sides will take advantage of that. Your profit will be the difference between the price that the user pays and the one that the Registrar charges for the domain registration.
Sell TLDs Under Your Own Personal Brand Name
When you register with a domain name reseller program, you will get a webspace hosting Control Panel where you can choose the prices for the individual TLDs that the Registrar provides. Most companies also provide billing software and web themes for your online storefront, and the automation of the entire procedure coupled with the significant demand for domains make the domain name reseller business niche so desirable. You will either acquire a pre-made site and avail of the Registrar platform to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can set up your own web site and order form. Traditionally, you have the option to decide between the two possibilities, so it all revolves around how accomplished you are in these matters. As a domain reseller, you will do business under your very own personal brand name and not on behalf of the Registrar's brand.
Make Revenue From Supplying Web Site Hosting Accounts Too
A nice addition to your domain name reseller business would be to sell web hosting accounts as well. Thus, you can give a package deal to persons who wish to build their website and demand both a domain name and a website hosting account. Some firms have 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 billing software to charge your customers. You can then sell domain names and shared hosting packages to customers, and since they provide many diverse domain name extensions, you will be able to offer domain name and hosting services to persons from all around the globe.