The Internet is an ever-growing platform that delivers new possibilities to make cash on the Web. One of these options is to become a domain name reseller and offer domain names to end clients, generating revenue 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 presently active domain names, so this is a blossoming marketing niche that you can be engaged in.
A domain name is composed of 2 entities - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the SLD.
The top-level domain names can be generic or country code. The generic top-level domain names include the most famous domain extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains comprise 2-letter abbreviations that correspond to each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a gTLD or a country-code top-level domain name, has a Registry - an institution that handles the registrations and determines the requirements that each concrete top-level domain name may involve, like the length of the registration term or the residency of the registrant. Certain Registrar firms work under the Registry. These are the corporations that actually offer the domain names to clients and handle all domain name records.
A lot of Registrars have reseller programs that enable individuals to make revenue from offering domains to end clients. If you subscribe to such a program, you can kick off your own personal online business. Typically, a domain name will be more inexpensive if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end customer. The reason is that resellers can contact more persons in provinces or states where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both parties will benefit from that. Your revenue will be the difference between the price that the user pays and the one that the Registrar charges for the domain name registration.
When you sign up for a domain name reseller program, you will receive a CP where you can set the prices for the various top-level domain names that the Registrar provides. Most corporations also offer invoice transaction software and web page templates for your online storefront, and the automation of the whole process coupled with the increasing demand for domain names make the domain name reseller business niche so desirable. You will either have a pre-developed website and use 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 personal site and form for placing orders. Traditionally, you have the option to select between the 2 possibilities, so it all depends on how proficient you are in these matters. As a domain name reseller, you will work under your very own brand and not under the Registrar's.
A nice supplement to your domain reseller business would be to sell web hosting plans as well. Thus, you can give a package deal to clients who wish to build their web portal and require both a domain and a webspace hosting package. A number of companies furnish such options. With ResellersPanel, for instance, you can manage a Virtual Server or a dedicated server, and they will also give you a domain name reseller account and charge-free billing management software to bill your customers. You can then offer Top-Level Domains and shared web hosting packages to clients, and since they provide many diverse domain extensions, you will be able to provide domain name and hosting services to users from all around the globe.