The Internet is an ever-growing platform that furnishes new ways to gain money online. One of them is to become a domain name reseller and offer domains to end users, making revenue from the difference between the wholesale and the retail cost of each and every 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 a blossoming trading niche that you can become engaged in.
Top-Level and Second-Level Domains Names
A domain consists of two entities - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The top-level domain names can be generic or country code. The gTLDs comprise the most common domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs are composed of 2-character abbreviations that denote each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic top-level domain name or a country-code one, has a Registry - an organization that deals with the registrations and sets the preconditions that each given Top-Level Domain may have, like the duration of the registration period or the residency of the registrant. Certain Registrar companies operate under the Registry. These are the corporations that in fact offer the domain name to clients and handle all domain name resource records.
Earn Profit From Selling Domain Names
Numerous Registrars have reseller programs that allow people to earn money from offering domains to end users. If you subscribe to such a program, you can initiate your own personal Internet business. Usually, a domain name will cost less if it is registered via a reseller rather than if it is bought directly from the Registrar by an end customer. The cause is that resellers can contact more users in areas or countries where the Registrar may not be famous at all. This means more sales for the Registrar, so both sides will earn a profit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar charges for the domain name registration.
Offer TLDs On Behalf Of Your Very Own Personal Brand Name
When you subscribe to a domain name reseller program, you will have a web site hosting CP where you can select the prices for the individual top-level domain names that the Registrar provides. Most companies also offer invoice transaction software and web design templates for your virtual shop, and the automation of the entire process coupled with the swelling demand for domains make the domain name reseller business niche so tempting. You will either have a ready-made site and use the Registrar system to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can make your own personal online portal and form for placing orders. Generally, you have the option to choose between the 2 alternatives, so it all revolves around how skilled you are in these issues. As a domain name reseller, you will do business under your very own personal trademark name and not on behalf of the Registrar's brand.
Make Money From Promoting Site Hosting Services Too
A logical supplement to your domain name reseller business would be to sell web hosting plans too. In this way, you can give a package deal to customers who would like to establish their site and require both a domain name and a hosting package. Given corporations supply such options. With 'ResellersPanel', for instance, you can order a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and charge-free invoice management software to bill your clients. You can then sell Top-Level Domains and shared website hosting accounts to customers, and since they offer a lot of diverse domain name extensions, you will be able to provide domain name and hosting services to clients from all over the world.