The Internet is an ever-increasing platform that offers new opportunities to make cash on the Internet. One of these ways is to be a domain reseller and sell domain names to end clients, earning profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered each day, and there are 1 000 000's of currently functioning domain names, so this is an increasing marketing niche that you can be engaged in.
Top-Level and Second-Level Domains
A domain contains 2 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 SLD.
Generic and Country-Code Top-Level Domains
The top-level domain names can be generic or country code. The gTLDs comprise the most popular domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains are composed of 2-letter abbreviations that represent each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic Top-Level Domain or a country-code TLD, has a Registry - an institution that is responsible for the registrations and sets the prerequisites that each given top-level domain name may involve, including the length of the registration term or the residency of the registrant. Certain Registrar firms work under the Registry. These are the firms that in fact offer the domain name to customers and administer all domain name resource records.
Earn Money From Trading Domain Names
Numerous Registrars have reseller programs that permit individuals to gain profit from selling domains to end customers. If you subscribe to such a program, you can launch your very own web business. Typically, a domain will be more inexpensive if it is registered through a reseller rather than if it is bought directly from the Registrar by an end client. The explanation is that resellers can contact more persons in regions or countries where the Registrar may not be famous whatsoever. This implies 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 Very Own Brand Name
When you subscribe to a domain name reseller program, you will have a web space hosting CP where you can settle the prices for the various Top-Level Domains that the Registrar provides. Most companies also offer invoicing transaction software and site layouts for your online shop, and the automation of the whole process combined with the enlarging demand for domains render the domain name reseller business niche so desirable. You will either have a pre-built website and use the Registrar system to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can set up your very own personal web page and form for placing orders. Typically, you have the option to pick between the 2 possibilities, so it all depends on how skillful you are in these things. As a domain name reseller, you will do business on behalf of your personal brand and not on behalf of the Registrar's.
Gain Profit From Reselling Web Hosting Plans Too
An adequate addition to your domain name reseller business would be to sell web hosting accounts too. In this way, you can give a package deal to people who want to launch their web site and demand both a domain and a hosting package. A few companies supply such options. With 'ResellersPanel', for example, you can run a VPS or a dedicated server, and they will also give you a domain reseller account and free-of-cost billing transaction software to bill your clients. You can then offer domain names and shared hosting packages to clients, and since they provide plenty of different domain extensions, you will be able to provide domain name and hosting services to customers from all around the globe.