The Internet is an ever-expanding network that generates new ways to earn cash online. One of these possibilities is to be a domain reseller and sell domains to end clients, making profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered each day, and there are millions of presently active domains, so this is a blooming business niche that you can be a part of.
TLDs and SLDs
A domain includes two constituents - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".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 gTLDs include the most widespread domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names are made of two-letter abbreviations that symbolize each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic Top-Level Domain or a ccTLD, has a Registry - an institution that administers the registrations and determines the requirements that each given Top-Level Domain may impose, including the duration of the registration period or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the companies that in fact offer the domain name to clients and administer all DNS resource records.
Make Money From Trading Domain Names
Many Registrars have reseller programs that allow individuals to gain cash from selling domain names to end users. If you sign up for such a program, you can kick off your very own online business. As a rule, a domain will be cheaper if it is registered via a reseller rather than if it is bought directly from the Registrar by an end client. The explanation is that resellers can reach more clients in areas or states where the Registrar may not be popular at all. This implies more sales for the Registrar, so both sides will profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain name registration.
Resell Domain Names On Behalf Of Your Own Personal Trademark Name
When you sign up for a domain name reseller program, you will receive a web hosting Control Panel where you can set the prices for the different top-level domain names that the Registrar provides. Most companies also provide billing management software and site skins for your virtual shop, and the automation of the entire process coupled with the increasing demand for domains render the domain reseller business niche so attractive. You will either obtain a turn-key site and avail of the Registrar system to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can make your own portal and form for placing orders. Normally, you have the option to choose between the 2 options, so it all revolves around how practiced you are in these affairs. As a domain reseller, you will operate under your own personal brand name and not under the Registrar's.
Gain Revenue From Supplying Webspace Hosting Services Too
A perfect supplement to your domain reseller business would be to sell web hosting solutions as well. Thereby, you can offer a package deal to persons who wish to run their web site and demand both a domain name and a web space hosting plan. A number of corporations provide such options. With 'ResellersPanel', for instance, you can purchase a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and free-of-charge invoice software to charge your clients. You can then offer Top-Level Domains and shared hosting plans to customers, and since they offer a lot of diverse domain name extensions, you will be able to offer domain name and hosting services to users from all over the globe.