The Internet is an ever-expanding community that supplies new opportunities to make cash online. One of them is to become a domain name reseller and offer domain names to end customers, generating revenue from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered each and every day, and there are millions of presently functioning domains, so this is an enlarging trading niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain name involves two constituents - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic top-level domain names include the most popular domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains are composed of 2-letter abbreviations that correspond to each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a ccTLD, has a Registry - an organization that deals with the registrations and sets the preconditions that each concrete TLD may have, like the duration of the registration term or the citizenship of the registrant. Certain Registrar companies work under the Registry. These are the corporations that in fact offer the domain name to customers and administer all domain name records.
Gain Revenue From Reselling Domain Names
Lots of Registrars have reseller programs that permit people to make cash from selling domains to end customers. If you subscribe to such a program, you can launch your own personal web business. Regularly, a domain name will be more inexpensive if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end user. The reason is that resellers can reach more users in areas or states where the Registrar may not be popular at all. This implies more sales for the Registrar, so both parties will profit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar requires for the domain name registration.
Trade Domains Under Your Own Personal Brand Name
When you register with a domain reseller program, you will get a hosting Control Panel where you can determine the prices for the individual top-level domain names that the Registrar offers. Most corporations also provide invoice transaction software and design themes for your web storefront, and the automation of the entire process coupled with the enormous demand for domains render the domain name reseller industry so alluring. You will either obtain a pre-made web site and make use of the Registrar system to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can make your very own web site and order form. Typically, you have the opportunity to decide between the 2 options, so it all depends on how trained you are in these affairs. As a domain name reseller, you will work on behalf of your very own brand and not on behalf of the Registrar's brand.
Gain Revenue From Offering Web Space Hosting Plans Too
A sensible addition to your domain name reseller business would be to sell web hosting services too. Thereby, you can offer a package deal to customers who would like to build their website and need both a domain and a site hosting plan. Certain corporations provide such options. With 'ResellersPanel', for example, you can manage a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain reseller account and free billing software to bill your customers. You can then offer domains and shared web hosting plans to customers, and since they offer many diverse domain name extensions, you will be able to offer domain and hosting services to individuals from all around the world.