The Internet is an ever-expanding community that generates new possibilities to gain money online. One of them is to become a domain reseller and sell domains to end customers, generating profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered each and every day, and there are 1 000 000's of presently active domains, so this is a flourishing business niche that you can be involved in.
Top-Level and Second-Level Domains Names
A domain comprises two pieces - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The generic TLDs comprise the most famous domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names contain 2-letter abbreviations that denote each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a ccTLD, has a Registry - an institution that is responsible for the registrations and determines the requirements that each concrete top-level domain name may entail, such as the duration of the registration term or the citizenship of the registrant. Certain Registrar companies work under the Registry. These are the corporations that actually sell the domain name to customers and manage all DNS resource records.
Earn Profit From Reselling Domains
Multiple Registrars have reseller programs that enable individuals to earn money from selling domains to end customers. If you sign up for such a program, you can initiate your own personal e-business. Generally, a domain name will be cheaper if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end user. The cause is that resellers can reach more people in areas or states where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both parties will benefit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar requires for the domain name registration.
Offer Domain Names Under Your Own Personal Brand Name
When you sign up for a domain reseller program, you will have a hosting CP where you can fix the prices for the separate TLDs that the Registrar offers. Most firms also offer invoice management software and web skins for your virtual shop, and the automation of the whole procedure combined with the significant demand for domain names make the domain reseller business niche so attractive. You will either acquire a pre-made website 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 make your very own web site and form for placing orders. Normally, you have the opportunity to decide between the 2 alternatives, so it all revolves around how trained you are in these issues. As a domain reseller, you will do business on behalf of your personal trademark name and not under the Registrar's.
Earn Profit From Providing Web Site Hosting Solutions As Well
A good addition to your domain reseller business would be to sell web hosting services as well. Thus, you can give a package deal to users who want to manage their web page and need both a domain name and a webspace hosting plan. Some corporations supply such options. With 'ResellersPanel', for instance, you can buy a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and free billing software to charge your customers. You can then offer TLDs and shared web hosting packages to clients, and since they provide plenty of different domain name extensions, you will be able to provide domain name and hosting services to customers from all around the world.