The Internet is an ever-growing platform that delivers new ways to earn cash on the Web. One of these options is to become a domain reseller and sell domains to end clients, generating revenue from the difference between the wholesale and the retail cost of each domain name. 1000's of domain names are registered every day, and there are millions of presently functioning domain names, so this is a blooming trading niche that you can become engaged in.
Top-Level and Second-Level Domains Names
A domain name consists of two entities - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
gTLDs and ccTLDs
The TLDs can be generic or country code. The generic TLDs include the most common domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names contain two-letter abbreviations that represent each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a country-code TLD, has a Registry - an organization that administers the registrations and determines the preconditions that each particular Top-Level Domain may impose, like the length of the registration period or the citizenship of the registrant. Certain Registrar firms operate under the Registry. These are the firms that actually offer the domain name to customers and handle all domain name resource records.
Make Profit From Selling Domain Names
Numerous Registrars have reseller programs that permit individuals to earn revenue from selling domain names to end clients. If you sign up for such a program, you can establish your own personal online business. As a rule, a domain name will cost less if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end user. The explanation is that resellers can reach more customers in provinces or states where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both sides will take advantage of that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar charges for the domain name registration.
Trade Top-Level Domains Under Your Personal Brand
When you sign up for a domain reseller program, you will get a hosting Control Panel where you can choose the prices for the different TLDs that the Registrar offers. Most companies also offer invoicing software and website layouts for your virtual storefront, and the automation of the whole process coupled with the high demand for domain names render the domain reseller business niche so desirable. You will either acquire a ready-to-use 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 set up your very own personal web page and order form. Commonly, you have the opportunity to decide between the 2 options, so it all depends on how expert you are in these affairs. As a domain name reseller, you will do business on behalf of your very own personal brand name and not on behalf of the Registrar's.
Earn Money From Offering Web Site Hosting Plans As Well
A reasonable supplement to your domain reseller business would be to sell web hosting accounts too. Thereby, you can offer a package deal to clients who want to set up their site and require both a domain and a hosting account. Particular firms furnish such options. With 'ResellersPanel', for example, you can have a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and cost-free invoice management software to charge your customers. You can then offer top-level domain names and shared website hosting plans to customers, and since they offer a lot of diverse domain extensions, you will be able to provide domain and hosting services to users from all over the world.