Domain name reseller
The World Wide Web is an ever-developing platform that generates new opportunities to earn money on the Web. One of these possibilities is to become a domain reseller and offer domain names to end clients, making profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domain names are registered each day, and there are 1 000 000's of presently functioning domains, so this is a flourishing trading niche that you can become involved in.
Top-Level and Second-Level Domains
A domain is made of two components - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic TLDs comprise the most popular domain name extensions such as .com, .net, .org, .mobi, .info, while the ccTLDs contain two-character abbreviations that represent each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic Top-Level Domain or a country-code one, has a Registry - an institution that is responsible for the registrations and sets the requirements that each concrete TLD may include, among them the duration of the registration term or the residency of the registrant. Certain Registrar companies work under the Registry. These are the corporations that in fact offer the domain name to customers and administer all DNS records.
Gain Revenue From Reselling Domains
Many Registrars have reseller programs that permit people to make profit from offering domain names to end users. If you register with such a program, you can begin your own electronic business. Normally, a domain will be cheaper if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end customer. The explanation is that resellers can contact more users in regional communities or states where the Registrar may not be famous at all. This means more sales for the Registrar, so both parties will make a profit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar imposes for the domain registration.
Trade Domains Under Your Own Brand Name
When you sign up for a domain name reseller program, you will obtain a hosting CP where you can fix the prices for the specific TLDs that the Registrar offers. Most firms also offer invoice software and web design skins for your web storefront, and the automation of the whole process combined with the vast demand for domain names render the domain reseller business niche so seductive. You will either get a turn-key website and use the Registrar platform to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can make your very own web site and form for placing orders. Commonly, you have the opportunity to select between the 2 options, so it all depends on how advanced you are in these issues. As a domain reseller, you will work on behalf of your own personal trademark name and not under the Registrar's.
Make Money From Promoting Web Site Hosting Services Too
A nice addition to your domain name reseller business would be to sell web hosting services as well. In this way, you can give a package deal to clients who wish to establish their online portal and require both a domain name and a webspace hosting plan. Some corporations offer such options. With 'ResellersPanel', for instance, you can manage a Virtual Server or a dedicated server, and they will also offer you a domain name reseller account and cost-free invoice management software to charge your customers. You can then sell top-level domain names and shared website hosting packages to clients, and since they provide a lot of diverse domain extensions, you will be able to offer domain name and hosting services to customers from all around the globe.