Domain name reseller
The World Wide Web is an ever-flourishing network that supplies new ways to make money on the Web. One of these options is to be a domain name reseller and offer domains to end customers, earning revenue from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domains are registered each and every day, and there are millions of presently active domains, so this is an increasing trading niche that you can become engaged in.
Top-Level and Second-Level Domains Names
A domain name contains 2 parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The generic top-level domain names comprise the most conventional domain extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names contain two-letter abbreviations that represent each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic or a country-code top-level domain name, has a Registry - an organization that manages the registrations and determines the prerequisites that each particular TLD may include, like the length of the registration period or the citizenship of the registrant. A number of Registrar companies work under the Registry. These are the firms that actually offer the domain name to clients and handle all domain name records.
Earn Money From Trading Domain Names
Lots of Registrars have reseller programs that permit individuals to earn money from offering domains to end users. If you subscribe to such a program, you can set up your own personal online business. Usually, a domain will be cheaper if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end customer. The cause is that resellers can contact more users in regions or states where the Registrar may not be popular 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 client pays and the one that the Registrar imposes for the domain name registration.
Offer Top-Level Domain Names Under Your Own Personal Brand
When you sign up for a domain name reseller program, you will obtain a web space hosting Control Panel where you can select the prices for the separate Top-Level Domains that the Registrar provides. Most companies also provide invoice management software and web design skins for your online store, and the automation of the whole process combined with the high demand for domains make the domain name reseller market niche so desirable. You will either acquire a turn-key site and make use of the Registrar platform to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can build your own personal web portal and form for placing orders. Generally, you have the option to select between the 2 options, so it all revolves around how experienced you are in these affairs. As a domain reseller, you will work under your own personal brand and not under the Registrar's brand.
Earn Profit From Providing Webspace Hosting Accounts As Well
A sensible supplement to your domain name reseller business would be to sell web hosting accounts too. Thus, you can give a package deal to individuals who wish to set up their web page and need both a domain name and a web page hosting package. Some companies have such options. With 'ResellersPanel', for example, you can have a VPS or a dedicated server, and they will also give you a domain reseller account and cost-free billing software to charge your customers. You can then offer domains and shared hosting plans to customers, and since they provide lots of diverse domain extensions, you will be able to offer domain name and hosting services to clients from all around the world.