The World Wide Web is an ever-increasing platform that generates new options to gain cash online. One of these options is to become a domain name reseller and offer domain names to end clients, generating revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered each day, and there are millions of currently functioning domains, so this is a developing marketing niche that you can become involved in.
TLDs and SLDs
A domain name involves 2 constituents - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The gTLDs comprise the most common domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs are made of 2-character abbreviations that symbolize each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a country-code top-level domain name, has a Registry - an institution that is responsible for the registrations and sets the requirements that each given TLD may include, such as the length of the registration period or the residency 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 domain records.
Earn Revenue From Offering Domains
Lots of Registrars have reseller programs that enable people to earn revenue from offering domain names to end customers. If you subscribe to such a program, you can initiate your very own personal web business. Generally, a domain name will cost less if it is registered via a reseller rather than if it is bought straight from the Registrar by an end customer. The cause is that resellers can contact more clients in provinces or states where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both parties will capitalize on that. Your profit will be the difference between the price that the user pays and the one that the Registrar requires for the domain registration.
Trade Domain Names Under Your Personal Brand
When you subscribe to a domain reseller program, you will have a web space hosting CP where you can settle the prices for the specific TLDs that the Registrar provides. Most firms also provide billing software and web design layouts for your online store, and the automation of the whole process together with the rising demand for domains make the domain name reseller industry so alluring. You will either acquire a ready-to-use web site and utilize the Registrar platform to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can create your very own personal website and order form. Typically, you have the option to select between the 2 possibilities, so it all revolves around how skilled you are in these issues. As a domain name reseller, you will operate on behalf of your very own trademark name and not on behalf of the Registrar's brand.
Make Money From Promoting Web Page Hosting Solutions Too
An excellent supplement to your domain reseller business would be to sell web hosting solutions as well. In this way, you can offer a package deal to customers who want to build their web portal and require both a domain name and a web hosting package. Some companies supply such options. With 'ResellersPanel', for example, you can manage a Virtual Server or a dedicated server, and they will also give you a domain reseller account and free-of-charge invoice management software to charge your clients. You can then offer TLDs and shared hosting plans to customers, and since they provide many diverse domain name extensions, you will be able to provide domain and hosting services to people from all over the world.