The World Wide Web is an ever-developing community that offers new options to earn cash online. One of these options is to become a domain reseller and sell domain names to end customers, generating revenue from the difference between the wholesale and the retail cost of each domain name. 1000's of domains are registered every day, and there are millions of currently active domains, so this is a thriving business niche that you can become involved in.
TLDs and SLDs
A domain consists of two entities - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic top-level domain names include the most conventional domain name extensions such as .com, .net, .org, .mobi, .info, whereas the ccTLDs are made of two-letter abbreviations that denote each country. Examples 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 Top-Level Domain, has a Registry - an institution that manages the registrations and sets the requirements that each particular Top-Level Domain may contain, such as the length of the registration period or the residency of the registrant. Certain Registrar corporations work under the Registry. These are the firms that actually offer the domain name to clients and manage all DNS records.
Earn Revenue From Reselling Domains
Numerous Registrars have reseller programs that enable individuals to earn money from selling domain names to end clients. If you sign up for such a program, you can kickstart your very own personal web business. Typically, a domain will cost less if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end client. The cause is that resellers can reach more people in regions or countries where the Registrar may not be known whatsoever. This implies 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 requires for the domain registration.
Sell Top-Level Domains Under Your Personal Brand
When you sign up for a domain name reseller program, you will have a hosting CP where you can set the prices for the various Top-Level Domains that the Registrar provides. Most companies also provide billing transaction software and web page themes for your web store, and the automation of the entire procedure together with the huge demand for domains make the domain reseller market so tempting. You will either get a ready-made website and avail of the Registrar platform to sell domains, or they will give you access to their API (Application Programming Interface) so that you can create your very own web page and order form. Usually, you have the option to choose between the 2 possibilities, so it all depends on how skillful you are in these affairs. As a domain reseller, you will do business on behalf of your own personal trademark name and not under the Registrar's.
Earn Cash From Providing Hosting Plans As Well
A nice supplement to your domain name reseller business would be to sell web hosting services too. In this way, you can offer a package deal to users who wish to build their site and need both a domain and a web site hosting plan. A few firms supply such options. With 'ResellersPanel', for instance, you can have a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain reseller account and free-of-cost invoice management software to charge your clients. You can then offer domain names and shared website hosting plans to clients, and since they provide lots of different domain extensions, you will be able to provide domain and hosting services to clients from all around the globe.