The World Wide Web is an ever-enlarging network that generates new options to gain money on the Web. One of these options is to be a domain reseller and sell domain names to end clients, making profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered every day, and there are 1 000 000's of currently active domain names, so this is a growing business niche that you can be a part of.
TLDs and SLDs
A domain name is made of 2 parts - 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 and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic TLDs include the best known domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains involve 2-character abbreviations that stand for each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic or a country-code top-level domain name, has a Registry - an organization that administers the registrations and sets the preconditions that each concrete Top-Level Domain may impose, among them the duration of the registration period or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the companies that in fact offer the domain name to customers and handle all domain name records.
Make Profit From Reselling Domain Names
Lots of Registrars have reseller programs that enable individuals to gain money from selling domain names to end customers. If you subscribe to such a program, you can start your own personal Internet business. Generally, a domain name will cost less if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end user. The explanation is that resellers can contact more customers in regions or countries where the Registrar may not be famous at all. This means more sales for the Registrar, so both parties will make a profit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar requires for the domain registration.
Trade TLDs Under Your Very Own Brand
When you subscribe to a domain name reseller program, you will acquire a hosting Control Panel where you can select the prices for the specific top-level domain names that the Registrar offers. Most corporations also offer billing software and design templates for your virtual storefront, and the automation of the entire process combined with the immense demand for domain names make the domain name reseller business niche so attractive. You will either get a ready-for-use web site 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 make your very own site and order form. Typically, you have the opportunity to choose between the two possibilities, so it all depends on how skilled you are in these issues. As a domain reseller, you will work on behalf of your own brand name and not under the Registrar's brand.
Earn Money From Offering Webspace Hosting Packages Too
A good supplement to your domain name reseller business would be to sell web hosting packages as well. Thereby, you can offer a package deal to individuals who want to set up their website and need both a domain and a hosting package. A number of companies have such options. With 'ResellersPanel', for example, you can run a VPS or a dedicated server, and they will also offer you a domain reseller account and cost-free billing software to charge your clients. You can then offer domains and shared website hosting packages to clients, and since they provide plenty of different domain name extensions, you will be able to provide domain name and hosting services to clients from all around the globe.