The World Wide Web is an ever-expanding network that generates new options to gain cash on the Internet. One of these ways is to become a domain name reseller and sell domains to end customers, gaining revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered each and every day, and there are 1 000 000's of currently active domain names, so this is an enlarging trading niche that you can become engaged in.
Top-Level and Second-Level Domains Names
A domain includes 2 components - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The gTLDs include the most widely used domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names consist of 2-character abbreviations that signify each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a gTLD or a country-code Top-Level Domain, has a Registry - an organization that handles the registrations and sets the preconditions that each particular top-level domain name may involve, including the length of the registration term or the residency of the registrant. Certain Registrar corporations operate under the Registry. These are the firms that actually offer the domain name to clients and manage all domain resource records.
Earn Money From Selling Domains
Multiple Registrars have reseller programs that allow people to earn money from selling domains to end clients. If you sign up for such a program, you can begin your very own electronic business. Generally, a domain name will be cheaper if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end client. The explanation is that resellers can reach more persons in local districts or countries where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both parties will capitalize on that. Your profit will be the difference between the price that the client pays and the one that the Registrar levies for the domain name registration.
Trade Domains Under Your Own Personal Brand
When you register with a domain reseller program, you will have a site hosting Control Panel where you can choose the prices for the various TLDs that the Registrar provides. Most companies also offer billing software and web site themes for your virtual storefront, and the automation of the whole procedure coupled with the significant demand for domains make the domain name reseller business so attractive. You will either obtain a ready-to-use website and avail of the Registrar platform to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can create your own site and order form. Typically, you have the option to select between the 2 alternatives, so it all depends on how skillful you are in these affairs. As a domain name reseller, you will sell under your own trademark name and not on behalf of the Registrar's brand.
Gain Money From Supplying Webspace Hosting Accounts As Well
A relevant addition to your domain reseller business would be to sell web hosting solutions as well. Thereby, you can offer a package deal to customers who would like to have their online portal and demand both a domain name and a web space hosting plan. Some firms supply such options. With 'ResellersPanel', for instance, you can buy a Virtual Private Server or a dedicated server, and they will also give you a domain reseller account and charge-free invoicing transaction software to bill your clients. You can then sell domains and shared hosting packages to customers, and since they provide many different domain extensions, you will be able to provide domain name and hosting services to customers from all around the world.