The World Wide Web is an ever-developing system that delivers new opportunities to gain money online. One of these ways is to become a domain name reseller and offer domain names to end customers, generating profit from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domains are registered every day, and there are millions of currently active domains, so this is a blooming trading niche that you can be a part of.
Top-Level and Second-Level Domains
A domain name includes 2 parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The generic TLDs include the most common domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains are made of 2-character abbreviations that represent each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic top-level domain name or a ccTLD, has a Registry - an organization that manages the registrations and determines the prerequisites that each particular TLD may contain, including the duration of the registration term or the citizenship of the registrant. A number of Registrar corporations work under the Registry. These are the corporations that actually offer the domain name to clients and manage all DNS records.
Earn Cash From Selling Domain Names
Many Registrars have reseller programs that permit people to gain profit from offering domains to end clients. If you sign up for such a program, you can kickstart your very own electronic business. Generally, a domain will cost less if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end client. The cause is that resellers can contact more clients in areas or countries where the Registrar may not be popular at all. This means more sales for the Registrar, so both parties will earn a profit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar levies for the domain name registration.
Trade TLDs Under Your Very Own Brand
When you register with a domain reseller program, you will obtain a web hosting CP where you can choose the prices for the specific TLDs that the Registrar offers. Most companies also offer invoice management software and themes for your virtual storefront, and the automation of the whole process coupled with the immense demand for domains render the domain reseller market so tempting. You will either have a pre-made website and avail of the Registrar system to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can build your very own personal website and form for placing orders. Normally, you have the option to select between the 2 possibilities, so it all depends on how practiced you are in these things. As a domain reseller, you will operate on behalf of your very own brand name and not under the Registrar's brand.
Gain Profit From Supplying Hosting Services As Well
An adequate addition to your domain reseller business would be to sell web hosting plans as well. Thus, you can offer a package deal to clients who wish to have their web portal and demand both a domain name and a web space hosting account. A few corporations offer such options. With 'ResellersPanel', for example, you can order a VPS or a dedicated server, and they will also give you a domain reseller account and charge-free billing management software to charge your clients. You can then sell top-level domain names and shared web hosting accounts to customers, and since they offer lots of diverse domain name extensions, you will be able to offer domain name and hosting services to clients from all around the world.