Domain reseller
The World Wide Web is an ever-growing platform that furnishes new opportunities to earn cash on the Internet. One of these options is to be a domain reseller and offer domain names to end customers, earning profit from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered every day, and there are millions of currently active domains, so this is a thriving trading niche that you can be engaged in.
Top-Level and Second-Level Domains Names
A domain name consists of 2 parts - a Top-Level Domain (TLD) and a second-level domain name (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 TLDs can be generic or country code. The generic Top-Level Domains include the most widespread domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains contain two-character 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, whether it is a generic top-level domain name or a country-code top-level domain name, has a Registry - an institution that manages the registrations and determines the requirements that each particular TLD may have, such as the duration of the registration term 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 domain name records.
Earn Profit From Selling Domain Names
Many Registrars have reseller programs that permit people to gain profit from selling domain names to end users. If you register with such a program, you can establish your own electronic business. Normally, a domain will be more inexpensive if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end client. The explanation is that resellers can contact more customers in provinces or states where the Registrar may not be popular at all. This implies more sales for the Registrar, so both sides will earn a profit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain registration.
Offer Top-Level Domains Under Your Personal Brand
When you subscribe to a domain name reseller program, you will obtain a web site hosting CP where you can fix the prices for the separate TLDs that the Registrar provides. Most corporations also provide billing transaction software and web templates for your virtual storefront, and the automation of the whole procedure combined with the flourishing demand for domains render the domain name reseller business niche so desirable. You will either obtain a ready-for-use website and avail of the Registrar platform to resell domains, or they will give you access to their API (Application Programming Interface) so that you can set up your own personal web portal and form for placing orders. Generally, you have the opportunity to choose between the 2 alternatives, so it all depends on how skilled you are in these affairs. As a domain reseller, you will do business on behalf of your personal brand name and not under the Registrar's brand.
Make Profit From Promoting Web Hosting Plans As Well
An excellent supplement to your domain name reseller business would be to sell web hosting packages as well. Thereby, you can give a package deal to customers who desire to set up their web portal and require both a domain and a webspace hosting package. Given companies offer such options. With 'ResellersPanel', for instance, you can manage a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and cost-free billing transaction software to charge your clients. You can then sell domain names and shared hosting packages to customers, and since they offer plenty of diverse domain name extensions, you will be able to offer domain and hosting services to people from all around the globe.