The Internet is an ever-increasing community that furnishes new opportunities to earn cash on the Internet. One of these ways is to become a domain name reseller and offer domain names to end users, earning revenue from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered each and every day, and there are millions of presently functioning domains, so this is a blooming trading niche that you can become involved in.
Top-Level and Second-Level Domains
A domain name contains two parts - 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 name.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The gTLDs include the most popular domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains involve 2-letter abbreviations that represent each country. Instances of country-code top-level domain names 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 one, has a Registry - an organization that is responsible for the registrations and determines the preconditions that each specific TLD may impose, among them the duration of the registration period or the residency of the registrant. Certain Registrar corporations work under the Registry. These are the firms that in fact offer the domain name to customers and manage all DNS resource records.
Earn Profit From Reselling Domain Names
Plenty of Registrars have reseller programs that allow people to gain money from offering domain names to end clients. If you subscribe to such a program, you can build your own online business. Generally, a domain will cost less if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end client. The explanation is that resellers can reach more customers in areas or states where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both sides will capitalize on that. Your profit will be the difference between the price that the customer pays and the one that the Registrar requires for the domain registration.
Trade Domains On Behalf Of Your Personal Brand
When you sign up for a domain reseller program, you will get a web hosting CP where you can set the prices for the separate top-level domain names that the Registrar offers. Most corporations also provide invoicing transaction software and web site templates for your online shop, and the automation of the whole process together with the swelling demand for domains render the domain reseller market so attractive. You will either have a ready-to-use website and avail of the Registrar platform to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your very own portal and form for placing orders. Usually, you have the opportunity to choose between the 2 alternatives, so it all revolves around how advanced you are in these affairs. As a domain reseller, you will sell under your own brand name and not on behalf of the Registrar's.
Gain Profit From Promoting Hosting Plans As Well
A logical addition to your domain name reseller business would be to sell web hosting accounts as well. In this way, you can give a package deal to people who desire to create their site and require both a domain name and a web site hosting package. A few firms provide such options. With 'ResellersPanel', for instance, you can have a Virtual Server or a dedicated server, and they will also give you a domain reseller account and cost-free invoicing software to charge your customers. You can then sell domains and shared website hosting plans to clients, and since they offer a lot of diverse domain extensions, you will be able to provide domain name and hosting services to users from all over the world.