The Internet is an ever-developing platform that offers new ways to earn cash on the Web. One of these opportunities is to become a domain name reseller and sell domain names to end clients, earning revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered each day, and there are 1 000 000's of currently active domains, so this is a flowering trading niche that you can be engaged in.
TLDs and SLDs
A domain involves two pieces - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the TLD 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 famous domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs comprise 2-letter abbreviations that denote each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a country-code top-level domain name, has a Registry - an organization that deals with the registrations and sets the prerequisites that each specific Top-Level Domain may entail, including the duration of the registration period or the residency of the registrant. A number of Registrar firms operate under the Registry. These are the corporations that actually offer the domain name to clients and handle all domain records.
Earn Money From Reselling Domain Names
Plenty of Registrars have reseller programs that permit people to gain revenue from selling domains to end clients. If you register with such a program, you can set up your very own personal web business. Regularly, a domain will cost less if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end client. The cause is that resellers can contact more individuals in local communities or countries where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both parties will cash in on that. Your profit will be the difference between the price that the customer pays and the one that the Registrar requires for the domain registration.
Offer Top-Level Domain Names Under Your Own Personal Trademark Name
When you subscribe to a domain name reseller program, you will have a hosting CP where you can determine the prices for the individual top-level domain names that the Registrar provides. Most corporations also offer billing software and site themes for your online store, and the automation of the whole process coupled with the immense demand for domains render the domain name reseller market so attractive. You will either receive a pre-developed website and avail of the Registrar system to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can create your very own personal online portal and order form. Traditionally, you have the opportunity to choose between the two alternatives, so it all depends on how practiced you are in these matters. As a domain reseller, you will operate under your personal trademark name and not on behalf of the Registrar's brand.
Make Cash From Offering Site Hosting Accounts As Well
A nice addition to your domain reseller business would be to sell web hosting plans as well. Thus, you can give a package deal to users who want to establish their website and require both a domain and a web space hosting plan. Given corporations furnish such options. With 'ResellersPanel', for example, you can buy a Virtual Private Server 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 sell domain names and shared web hosting plans to customers, and since they offer a lot of different domain name extensions, you will be able to provide domain and hosting services to people from all around the world.