An article by Top Web Hosting.
The Internet is an ever-growing community that offers new opportunities to earn money online. One of these opportunities is to become a domain reseller and sell domain names to end customers, making profit from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered every day, and there are millions of currently active domains, so this is a growing business niche that you can become a part of.
A domain name consists of two parts – a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the SLD.
The TLDs can be generic or country code. The gTLDs include the most popular domain extensions such as .com, .net, .org, .mobi, .info, while the ccTLDs consist of two-letter abbreviations that correspond to each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a country-code one, has a Registry - an organization that manages the registrations and determines the requirements that each specific TLD may involve, such as the length of the registration period or the citizenship of the registrant. A number of Registrar companies operate under the Registry. These are the companies that actually sell the domain names to clients and manage all domain records.
Many Registrars have reseller programs that allow people to make money from selling domain names to end clients. If you sign up for such a program, you can start your own online business. Usually, a domain name will be cheaper if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end client. The reason is that resellers can reach more people in local communities or countries where the Registrar may not be popular 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 client pays and the one that the Registrar charges for the domain registration.
When you sign up for a domain name reseller program, you will receive a Control Panel where you can set the prices for the different TLDs that the Registrar offers. Most companies also offer billing software and website templates for your online store, and the automation of the whole process combined with the high demand for domain names make the domain reseller business so desirable. You will either get a ready-made website and use the Registrar system to sell domains, or they will give you access to their API (Application Programming Interface) so that you can build your own website and order form. Usually, you have the option to choose between the two options, so it all depends on how advanced you are in these matters. As a domain reseller, you will operate under your own brand and not under the Registrar’s brand.
A nice addition to your domain reseller business would be to sell web hosting services as well. In this way, you can offer a package deal to people who want to create their website and need both a domain name and a hosting plan. A number of companies have such options. With 'ResellersPanel', for example, you can buy a Virtual Private Server (VPS) or a dedicated server, and they will also give you a domain reseller account and free billing software to charge your clients. You can then offer domain names and shared web hosting accounts to customers, and since they offer many different domain extensions, you will be able to offer domain and web hosting services to people from all around the world.