The Internet is an ever-increasing community that offers new opportunities to earn cash online. One of these options is to become a domain name reseller and offer domain names to end users, generating revenue from the difference between the wholesale and the retail price of each and every domain name. Thousands of domain names are registered each and every day, and there are 1 000 000's of presently functioning domains, so this is a developing trading niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain name comprises two pieces - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The gTLDs include the most widely used domain extensions such as .com, .net, .org, .mobi, .info, while the country-code TLDs include two-letter abbreviations that represent each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic Top-Level Domain or a ccTLD, has a Registry - an organization that is responsible for the registrations and determines the requirements that each specific TLD may contain, among them the length of the registration period or the citizenship of the registrant. Certain Registrar corporations work under the Registry. These are the firms that in fact sell the domain name to clients and administer all domain name resource records.
Make Profit From Offering Domain Names
Lots of Registrars have reseller programs that allow people to gain profit from selling domains to end users. If you subscribe to such a program, you can establish your very own Internet business. Generally, a domain name will be cheaper if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end customer. The reason is that resellers can reach more customers in areas or countries where the Registrar may not be known at all. 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 user pays and the one that the Registrar imposes for the domain registration.
Sell TLDs Under Your Own Brand Name
When you sign up for a domain name reseller program, you will get a web hosting Control Panel where you can determine the prices for the specific Top-Level Domains that the Registrar provides. Most firms also offer invoice software and web page templates for your web store, and the automation of the entire process coupled with the enormous demand for domain names render the domain name reseller market so desirable. You will either have a pre-made website and avail of the Registrar platform to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can make your own online portal and order form. Commonly, you have the option to select between the two possibilities, so it all depends on how practiced you are in these things. As a domain name reseller, you will operate on behalf of your very own personal brand name and not on behalf of the Registrar's.
Make Revenue From Reselling Web Site Hosting Plans As Well
A proper addition to your domain name reseller business would be to sell web hosting services too. In this way, you can give a package deal to customers who wish to develop their online portal and demand both a domain and a hosting plan. Some corporations provide such options. With 'ResellersPanel', for instance, you can run a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and cost-free billing transaction software to bill your clients. You can then offer domain names and shared web hosting accounts to customers, and since they provide a lot of different domain name extensions, you will be able to offer domain name and hosting services to customers from all over the globe.