The Internet is an ever-expanding platform that furnishes new possibilities to earn money on the Web. One of them is to become a domain name reseller and sell domains to end customers, making revenue from the difference between the wholesale and the retail cost of each domain name. 1000's of domains are registered each day, and there are millions of currently active domain names, so this is a developing marketing niche that you can be involved in.
Top-Level and Second-Level Domains
A domain consists of 2 parts - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic TLDs comprise the most conventional domain name extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names comprise two-character abbreviations that signify 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 generic top-level domain name or a country-code TLD, has a Registry - an organization that deals with the registrations and determines the requirements that each particular top-level domain name may entail, such as the length of the registration term or the residency of the registrant. Certain Registrar companies work under the Registry. These are the firms that in fact offer the domain name to clients and manage all DNS resource records.
Earn Money From Trading Domain Names
Plenty of Registrars have reseller programs that permit people to gain cash from offering domains to end customers. If you sign up for such a program, you can kickstart your own personal electronic business. Generally, a domain name will be more inexpensive if it is registered via a reseller rather than if it is bought straight from the Registrar by an end customer. The explanation is that resellers can reach more customers in areas or states where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both sides will take advantage of that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar levies for the domain name registration.
Offer Top-Level Domain Names On Behalf Of Your Own Brand Name
When you register with a domain reseller program, you will have a CP where you can select the prices for the various top-level domain names that the Registrar offers. Most companies also provide invoicing software and themes for your online shop, and the automation of the whole procedure coupled with the significant demand for domains make the domain name reseller business so alluring. You will either have a ready-made web site and avail of the Registrar system to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can set up your own online portal and form for placing orders. Usually, you have the option to select between the 2 alternatives, so it all depends on how experienced you are in these affairs. As a domain reseller, you will do business under your personal brand name and not on behalf of the Registrar's brand.
Earn Revenue From Promoting Web Hosting Packages Too
A suitable supplement to your domain reseller business would be to sell web hosting packages too. Thus, you can offer a package deal to clients who desire to launch their web page and need both a domain name and a hosting plan. Some corporations supply such options. With 'ResellersPanel', for instance, you can run a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and cost-free invoice transaction software to bill your clients. You can then sell Top-Level Domains and shared web hosting packages to customers, and since they provide plenty of different domain name extensions, you will be able to provide domain name and hosting services to persons from all around the world.