The Internet is an ever-developing platform that furnishes new possibilities to earn cash on the Web. One of these ways is to be a domain reseller and sell domains to end customers, making profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domain names are registered every day, and there are millions of presently functioning domains, so this is a blooming trading niche that you can become a part of.
Top-Level and Second-Level Domains
A domain name includes two parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the SLD.
gTLDs and ccTLDs
The TLDs can be generic or country code. The generic top-level domain names comprise the most famous domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names involve 2-letter abbreviations that correspond to each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic or a ccTLD, has a Registry - an institution that deals with the registrations and sets the preconditions that each specific Top-Level Domain may impose, such as the length of the registration period or the residency of the registrant. A number of Registrar companies operate under the Registry. These are the firms that in fact sell the domain name to customers and manage all domain name records.
Gain Money From Reselling Domain Names
Numerous Registrars have reseller programs that permit individuals to make money from selling domains to end customers. If you sign up for such a program, you can establish your very own personal online business. Usually, a domain will be cheaper if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end user. The cause is that resellers can reach more persons in regions or countries where the Registrar may not be popular at all. This implies more sales for the Registrar, so both sides 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 Top-Level Domains Under Your Own Personal Trademark Name
When you register with a domain name reseller program, you will receive a webspace hosting CP where you can choose the prices for the different Top-Level Domains that the Registrar offers. Most firms also offer invoicing transaction software and design skins for your online store, and the automation of the entire procedure together with the considerable demand for domain names render the domain reseller industry so tempting. You will either acquire a pre-developed site and avail of 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 own online portal and order form. Normally, you have the option to decide between the 2 options, so it all revolves around how advanced you are in these affairs. As a domain reseller, you will do business under your very own personal brand and not on behalf of the Registrar's brand.
Gain Money From Supplying Web Site Hosting Solutions Too
A nice addition to your domain name reseller business would be to sell web hosting accounts too. Thereby, you can offer a package deal to clients who want to create their web page and demand both a domain and a web page hosting account. Particular companies provide such options. With 'ResellersPanel', for instance, you can have a VPS or a dedicated server, and they will also offer you a domain reseller account and free-of-charge invoice software to bill your clients. You can then sell domains and shared web hosting accounts to customers, and since they provide a lot of different domain extensions, you will be able to offer domain and hosting services to people from all over the globe.