The Internet is an ever-increasing system that offers new opportunities to make cash on the Web. One of them is to become a domain name reseller and sell domain names to end clients, generating profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domain names are registered every day, and there are 1 000 000's of currently functioning domains, so this is an expanding business niche that you can be a part of.
TLDs and SLDs
A domain name includes two entities - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The top-level domain names can be generic or country code. The gTLDs comprise the most common domain name extensions like .com, .net, .org, .mobi, .info, while the country-code TLDs include two-character abbreviations that correspond to each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a country-code top-level domain name, has a Registry - an organization that handles the registrations and sets the requirements that each concrete Top-Level Domain may entail, like the duration of the registration period or the citizenship of the registrant. A number of Registrar corporations operate under the Registry. These are the corporations that actually offer the domain name to customers and handle all domain records.
Gain Revenue From Trading Domain Names
Plenty of Registrars have reseller programs that allow individuals to earn cash from selling domain names to end customers. If you sign up for such a program, you can commence your own electronic business. Usually, a domain name will be more inexpensive if it is registered via a reseller rather than if it is bought directly from the Registrar by an end client. The cause is that resellers can reach more individuals in regions or states where the Registrar may not be popular at all. This implies more sales for the Registrar, so both sides will earn a profit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar levies for the domain registration.
Resell TLDs Under Your Very Own Brand Name
When you subscribe to a domain reseller program, you will get a web page hosting Control Panel where you can select the prices for the individual TLDs that the Registrar offers. Most companies also offer billing management software and web design layouts for your web storefront, and the automation of the entire procedure combined with the immense demand for domain names make the domain name reseller industry so alluring. You will either receive a ready-to-use site and use the Registrar system to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can create your own portal and form for placing orders. Normally, you have the option to select between the 2 alternatives, so it all revolves around how trained you are in these issues. As a domain reseller, you will operate on behalf of your personal brand name and not under the Registrar's brand.
Earn Money From Supplying Website Hosting Solutions As Well
A sensible supplement to your domain name reseller business would be to sell web hosting accounts too. Thus, you can give a package deal to customers who desire to run their web site and require both a domain and a webspace hosting plan. Given companies provide such options. With 'ResellersPanel', for instance, you can purchase a VPS or a dedicated server, and they will also offer you a domain reseller account and charge-free invoice transaction software to bill your customers. You can then offer Top-Level Domains and shared hosting packages to clients, and since they offer a lot of different domain name extensions, you will be able to offer domain and hosting services to people from all over the globe.