The Internet is an ever-flourishing platform that supplies new options to earn cash online. One of these options is to be a domain name reseller and offer domains to end users, generating profit from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domains are registered every day, and there are 1 000 000's of currently functioning domains, so this is a thriving marketing niche that you can become engaged in.
TLDs and SLDs
A domain name includes 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 second-level domain name.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic top-level domain names include the most popular domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains consist of two-letter abbreviations that signify each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a country-code top-level domain name, has a Registry - an organization that deals with the registrations and sets the requirements that each specific TLD may have, including the length of the registration period or the residency of the registrant. Certain Registrar firms work under the Registry. These are the firms that in fact offer the domain name to clients and manage all DNS records.
Earn Revenue From Selling Domains
Many Registrars have reseller programs that enable people to make profit from selling domains to end customers. If you sign up for such a program, you can set up your very own Internet business. Normally, a domain name will be cheaper if it is registered through a reseller rather than if it is bought straight from the Registrar by an end customer. The reason is that resellers can reach more individuals in local districts or countries where the Registrar may not be famous at all. This implies more sales for the Registrar, so both sides will earn a profit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar imposes for the domain name registration.
Resell TLDs Under Your Own Brand Name
When you register with a domain reseller program, you will have a Control Panel where you can set the prices for the individual TLDs that the Registrar provides. Most firms also provide billing management software and web design skins for your web shop, and the automation of the whole process together with the strong demand for domains make the domain name reseller business niche so desirable. You will either obtain a ready-to-use site and utilize the Registrar system to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can make your own site and order form. Normally, you have the opportunity to decide between the two alternatives, so it all depends on how expert you are in these affairs. As a domain name reseller, you will do business on behalf of your own brand name and not on behalf of the Registrar's brand.
Make Cash From Providing Webspace Hosting Accounts Too
An adequate supplement to your domain reseller business would be to sell web hosting packages as well. In this way, you can give a package deal to customers who would like to manage their online portal and demand both a domain and a website hosting package. A number of corporations offer such options. With 'ResellersPanel', for instance, you can purchase a Virtual Server or a dedicated server, and they will also give you a domain reseller account and free-of-cost invoice transaction software to charge your customers. You can then sell top-level domain names and shared website hosting packages to customers, 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.