Domain name reseller
The World Wide Web is an ever-increasing system that delivers new options to earn cash on the Web. One of them is to be a domain reseller and sell domain names to end customers, gaining revenue 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 millions of presently active domain names, so this is a developing business niche that you can be a part of.
TLDs and SLDs
A domain is made of 2 constituents - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the top-level domain name and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The gTLDs comprise the most widely used domain name extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains involve two-character abbreviations that signify each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a gTLD or a country-code TLD, has a Registry - an institution that handles the registrations and determines the preconditions that each specific top-level domain name may involve, including the duration of the registration period or the residency of the registrant. Certain Registrar firms work under the Registry. These are the corporations that in fact sell the domain name to clients and handle all domain name records.
Gain Revenue From Trading Domain Names
A lot of Registrars have reseller programs that permit people to make cash from offering domain names to end customers. If you sign up for such a program, you can establish your own personal online business. As a rule, a domain name will cost less if it is registered through a reseller rather than if it is bought straight from the Registrar by an end client. The explanation is that resellers can reach more individuals in local communities 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 revenue will be the difference between the price that the customer pays and the one that the Registrar requires for the domain registration.
Sell TLDs Under Your Personal Brand
When you sign up for a domain reseller program, you will receive a hosting CP where you can fix the prices for the separate Top-Level Domains that the Registrar offers. Most companies also provide invoicing software and web page templates for your web storefront, and the automation of the whole procedure combined with the flourishing demand for domain names render the domain name reseller business niche so attractive. You will either have a ready-made website and avail of 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 personal web portal and form for placing orders. Normally, you have the opportunity to pick between the two possibilities, so it all depends on how practiced you are in these things. As a domain reseller, you will work on behalf of your own brand name and not under the Registrar's brand.
Make Revenue From Offering Website Hosting Solutions Too
A good addition to your domain name reseller business would be to sell web hosting accounts as well. Thereby, you can offer a package deal to customers who want to build their website and need both a domain and a web hosting plan. Particular corporations have such options. With 'ResellersPanel', for example, you can manage a Virtual Server or a dedicated server, and they will also offer you a domain name reseller account and charge-free invoice management software to bill your clients. You can then sell TLDs and shared website hosting accounts to customers, and since they offer plenty of diverse domain extensions, you will be able to offer domain name and hosting services to customers from all over the world.