The Internet is an ever-developing system that provides new options to earn money online. One of these options is to be a domain reseller and offer domain names to end clients, generating revenue from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domains are registered each and every day, and there are 1 000 000's of presently functioning domains, so this is a blossoming trading niche that you can be engaged in.
Top-Level and Second-Level Domains Names
A domain contains 2 pieces - 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 SLD.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic top-level domain names comprise the most conventional domain name extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains are made of two-character abbreviations that signify 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 institution that deals with the registrations and determines the prerequisites that each given Top-Level Domain may contain, such as the length of the registration period or the citizenship of the registrant. A number of Registrar companies work under the Registry. These are the firms that actually offer the domain name to clients and administer all domain name resource records.
Earn Profit From Trading Domain Names
Multiple Registrars have reseller programs that permit individuals to earn cash from offering domain names to end clients. If you register with such a program, you can build your own electronic business. Normally, a domain name will be cheaper if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end client. The cause is that resellers can contact more individuals in areas or countries where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both parties will capitalize on that. Your revenue will be the difference between the price that the user pays and the one that the Registrar requires for the domain registration.
Sell Top-Level Domain Names On Behalf Of Your Personal Brand Name
When you register with a domain name reseller program, you will obtain a hosting CP where you can fix the prices for the separate top-level domain names that the Registrar offers. Most companies also provide invoicing transaction software and website templates for your web storefront, and the automation of the whole procedure combined with the high demand for domain names make the domain name reseller industry so attractive. You will either acquire a pre-developed website and utilize the Registrar platform to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can set up your very own personal web site and order form. Usually, you have the opportunity to pick between the two possibilities, so it all depends on how trained you are in these things. As a domain reseller, you will work on behalf of your personal brand name and not under the Registrar's brand.
Gain Profit From Providing Web Site Hosting Plans Too
A reasonable addition to your domain reseller business would be to sell web hosting accounts as well. Thereby, you can offer a package deal to customers who desire to establish their web site and require both a domain name and a web space hosting plan. Some companies furnish such options. With 'ResellersPanel', for example, you can order a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and free-of-charge billing management software to charge your customers. You can then offer domain names and shared hosting plans to clients, and since they offer lots of different domain name extensions, you will be able to provide domain name and hosting services to customers from all over the globe.