The World Wide Web is an ever-flourishing platform that generates new opportunities to gain cash online. One of these possibilities is to be a domain name reseller and sell domain names to end customers, earning profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered every day, and there are 1 000 000's of currently active domains, so this is a thriving trading niche that you can be a part of.
Top-Level and Second-Level Domains Names
A domain name consists of two pieces - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the Second-Level Domain.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic TLDs comprise the most popular domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names are made of 2-character abbreviations that symbolize each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a ccTLD, has a Registry - an institution that administers the registrations and sets the requirements that each particular TLD may include, such as the duration of the registration term or the residency of the registrant. A number of Registrar firms work under the Registry. These are the companies that in fact sell the domain name to customers and handle all DNS resource records.
Make Profit From Selling Domains
Lots of Registrars have reseller programs that permit people to earn cash from selling domains to end users. If you register with such a program, you can kickstart your very own personal electronic business. Regularly, 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 client. The cause is that resellers can reach more persons in local regions or countries where the Registrar may not be famous at all. This means more sales for the Registrar, so both parties will take advantage of that. Your profit will be the difference between the price that the customer pays and the one that the Registrar charges for the domain name registration.
Sell Top-Level Domains Under Your Own Personal Brand
When you register with a domain reseller program, you will have a web hosting CP where you can fix the prices for the individual TLDs that the Registrar provides. Most companies also provide billing transaction software and website templates for your web storefront, and the automation of the entire process combined with the immense demand for domains render the domain name reseller market so tempting. You will either receive a ready-to-use website and use the Registrar system to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can create your very own site and form for placing orders. Traditionally, you have the opportunity to choose between the two possibilities, so it all revolves around how practiced you are in these affairs. As a domain name reseller, you will sell on behalf of your very own personal brand and not on behalf of the Registrar's brand.
Earn Revenue From Reselling Webspace Hosting Services As Well
A suitable supplement to your domain name reseller business would be to sell web hosting plans as well. Thereby, you can offer a package deal to clients who wish to develop their site and require both a domain name and a web space hosting plan. Particular corporations have such options. With 'ResellersPanel', for instance, you can run a Virtual Server or a dedicated server, and they will also give you a domain reseller account and free billing transaction software to charge your customers. You can then sell Top-Level Domains and shared hosting packages to clients, and since they provide lots of different domain name extensions, you will be able to provide domain name and hosting services to individuals from all around the globe.