The Internet is an ever-increasing network that generates new ways to gain cash online. One of these ways is to become a domain reseller and offer domains to end users, earning revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered each day, and there are 1 000 000's of presently active domain names, so this is a thriving business niche that you can be engaged in.
Top-Level and Second-Level Domains
A domain name contains 2 constituents - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the SLD.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic TLDs include the best known domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs are composed of two-character abbreviations that denote 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 gTLD or a ccTLD, has a Registry - an organization that manages the registrations and determines the prerequisites that each specific TLD may have, like the duration of the registration period or the citizenship of the registrant. A number of Registrar companies operate under the Registry. These are the firms that in fact sell the domain name to clients and manage all DNS records.
Gain Money From Offering Domains
Multiple Registrars have reseller programs that enable individuals to gain money from selling domain names to end users. If you sign up for such a program, you can launch your very own personal e-business. Usually, a domain name will be more inexpensive if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end client. The reason is that resellers can contact more customers in local regions or countries where the Registrar may not be famous whatsoever. 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 user pays and the one that the Registrar levies for the domain name registration.
Resell Domain Names Under Your Very Own Personal Brand Name
When you register with a domain name reseller program, you will receive a web hosting Control Panel where you can select the prices for the individual Top-Level Domains that the Registrar provides. Most companies also provide invoicing software and design layouts for your online store, and the automation of the whole process together with the high demand for domains make the domain reseller business niche so alluring. You will either have a pre-built site and avail of the Registrar system to resell domains, or they will give you access to their API (Application Programming Interface) so that you can set up your very own online portal and form for placing orders. Usually, you have the opportunity to decide between the two alternatives, so it all depends on how skillful you are in these issues. As a domain reseller, you will work under your own personal brand name and not on behalf of the Registrar's brand.
Make Profit From Reselling Web Hosting Solutions As Well
An adequate addition to your domain name reseller business would be to sell web hosting services too. In this way, you can give a package deal to customers who would like to create their website and require both a domain name and a website hosting plan. Some companies have such options. With 'ResellersPanel', for example, you can buy a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain reseller account and free-of-charge billing management software to charge your customers. You can then sell domain names and shared hosting accounts to clients, and since they provide many different domain extensions, you will be able to offer domain name and hosting services to persons from all around the globe.