The Internet is an ever-growing system that provides new ways to make cash on the Internet. One of these possibilities is to become a domain reseller and offer domains to end clients, generating revenue from the difference between the wholesale and the retail cost of each domain name. Thousands of domain names are registered each day, and there are millions of currently functioning domains, so this is an increasing marketing niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain is composed of two entities - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the Top-Level Domain and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The gTLDs include the most popular domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names include 2-letter abbreviations that correspond to each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a country-code top-level domain name, has a Registry - an institution that manages the registrations and determines the requirements that each given Top-Level Domain may include, including the length of the registration term or the citizenship of the registrant. Certain Registrar corporations operate under the Registry. These are the firms that actually offer the domain name to clients and manage all domain records.
Earn Cash From Selling Domains
A lot of Registrars have reseller programs that enable people to make cash from selling domains to end users. If you subscribe to such a program, you can commence your own Internet business. Generally, a domain name will be more inexpensive if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end client. The reason is that resellers can reach more customers in regional communities or states where the Registrar may not be known at all. 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 user pays and the one that the Registrar imposes for the domain name registration.
Sell Domains On Behalf Of Your Own Brand
When you register with a domain reseller program, you will obtain a CP where you can fix the prices for the different top-level domain names that the Registrar provides. Most companies also provide invoicing software and web templates for your online shop, and the automation of the entire procedure coupled with the enlarging demand for domain names render the domain reseller market niche so desirable. You will either acquire a turn-key site and make use 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 own personal site and order form. Usually, you have the opportunity to choose between the 2 options, so it all depends on how expert you are in these issues. As a domain name reseller, you will do business under your very own personal brand name and not under the Registrar's.
Make Cash From Providing Web Space Hosting Accounts Too
A sensible addition to your domain reseller business would be to sell web hosting packages as well. In this way, you can give a package deal to customers who would like to make their site and need both a domain and a site hosting package. Some corporations offer such options. With 'ResellersPanel', for example, you can order a VPS or a dedicated server, and they will also offer you a domain reseller account and charge-free invoice management software to bill your clients. You can then offer domain names and shared web hosting packages to customers, and since they offer many diverse domain name extensions, you will be able to provide domain name and hosting services to persons from all around the globe.