Domain name reseller
The World Wide Web is an ever-growing system that furnishes new ways to make money online. One of these possibilities is to be a domain name reseller and sell domains to end users, gaining profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered each day, and there are millions of currently active domains, so this is an enlarging marketing niche that you can be a part of.
Top-Level and Second-Level Domains
A domain name contains two entities - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The generic top-level domain names include the most widely used domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains include 2-letter abbreviations that stand for each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic TLD or a country-code top-level domain name, has a Registry - an institution that tackles the registrations and determines the requirements that each concrete Top-Level Domain may include, including the duration of the registration term or the residency of the registrant. Certain Registrar companies work under the Registry. These are the firms that actually sell the domain name to clients and administer all domain name records.
Gain Profit From Selling Domains
Numerous Registrars have reseller programs that permit people to make cash from selling domain names to end clients. If you sign up for such a program, you can set up your very own electronic business. Commonly, a domain will be cheaper if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end customer. The reason is that resellers can contact more users in local regions or countries where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both sides will benefit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar levies for the domain name registration.
Trade Domains Under Your Own Brand
When you subscribe to a domain reseller program, you will receive a web hosting Control Panel where you can choose the prices for the individual top-level domain names that the Registrar provides. Most companies also provide invoicing transaction software and layouts for your online shop, and the automation of the whole procedure coupled with the strong demand for domain names render the domain reseller business niche so desirable. You will either acquire a ready-to-use website 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 site and form for placing orders. Generally, you have the option to select between the 2 possibilities, so it all depends on how proficient you are in these issues. As a domain reseller, you will operate under your own trademark name and not under the Registrar's brand.
Earn Revenue From Providing Web Space Hosting Solutions Too
A relevant addition to your domain name reseller business would be to sell web hosting plans too. Thereby, you can give a package deal to clients who desire to set up their website and require both a domain name and a webspace hosting account. A few firms supply such options. With 'ResellersPanel', for example, you can have a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and free-of-cost billing software to charge your customers. You can then sell top-level domain names and shared hosting packages to clients, and since they offer plenty of different domain extensions, you will be able to provide domain and hosting services to individuals from all around the world.