The World Wide Web is an ever-enlarging network that provides new possibilities to earn money online. One of these opportunities is to be a domain name reseller and sell domain names to end users, generating profit from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domain names are registered each and every day, and there are 1 000 000's of presently active domain names, so this is a growing business niche that you can become a part of.
Top-Level and Second-Level Domains Names
A domain name involves two constituents - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the top-level domain name 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 include the most conventional domain name extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains are composed of 2-character abbreviations that correspond to each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic top-level domain name or a country-code Top-Level Domain, has a Registry - an institution that manages the registrations and determines the requirements that each given Top-Level Domain may entail, such as the duration of the registration term or the residency of the registrant. Certain Registrar companies operate under the Registry. These are the firms that actually offer the domain name to customers and administer all domain resource records.
Make Profit From Offering Domains
Numerous Registrars have reseller programs that permit people to make profit from selling domain names to end users. If you register with such a program, you can launch your own Internet business. Normally, a domain name will cost less if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end customer. The reason is that resellers can contact more customers in regions or countries where the Registrar may not be known at all. This implies more sales for the Registrar, so both parties will earn a profit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain name registration.
Offer Top-Level Domains Under Your Personal Brand Name
When you register with a domain name reseller program, you will get a webspace hosting Control Panel where you can choose the prices for the separate TLDs that the Registrar provides. Most firms also provide invoicing software and layouts for your web storefront, and the automation of the entire process together with the considerable demand for domains render the domain name reseller market niche so attractive. You will either have a ready-to-use website and avail of the Registrar system to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can make your very own online portal and order form. Traditionally, you have the opportunity to choose between the two alternatives, so it all depends on how skilled you are in these affairs. As a domain name reseller, you will operate on behalf of your very own brand and not under the Registrar's brand.
Make Revenue From Trading Web Hosting Services Too
A nice supplement to your domain name reseller business would be to sell web hosting packages too. Thereby, you can give a package deal to individuals who desire to manage their web site and need both a domain name and a site hosting package. A few corporations supply such options. With 'ResellersPanel', for instance, you can order a VPS or a dedicated server, and they will also offer you a domain reseller account and free-of-cost invoice transaction software to charge your clients. You can then offer top-level domain names and shared hosting plans to customers, and since they provide a lot of different domain name extensions, you will be able to provide domain name and hosting services to clients from all over the globe.