The World Wide Web is an ever-flourishing system that provides new options to make money on the Internet. One of them is to become a domain name reseller and sell domains to end clients, making profit from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domain names are registered every day, and there are millions of presently functioning domains, so this is a thriving trading niche that you can become involved in.
Top-Level and Second-Level Domains Names
A domain name is made of two components - a Top-Level Domain (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 name.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The gTLDs comprise the most famous domain extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs involve 2-character abbreviations that denote each country. Examples of country-code top-level domain names 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 determines the prerequisites that each given Top-Level Domain may entail, including the length of the registration term or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the firms that in fact offer the domain name to customers and manage all domain name records.
Make Cash From Reselling Domains
Plenty of Registrars have reseller programs that allow individuals to make cash from selling domains to end users. If you sign up for such a program, you can set up your own personal e-business. Commonly, a domain name will cost less if it is registered through a reseller rather than if it is bought straight from the Registrar by an end user. The explanation is that resellers can reach more clients in regional communities or states where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both sides 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 registration.
Offer Domains On Behalf Of Your Own Personal Trademark Name
When you subscribe to a domain reseller program, you will have a hosting Control Panel where you can set the prices for the individual Top-Level Domains that the Registrar offers. Most companies also provide invoicing transaction software and design layouts for your online store, and the automation of the whole procedure together with the enlarging demand for domain names render the domain name reseller industry so attractive. You will either acquire a pre-built site and utilize the Registrar system to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can set up your very own online portal and form for placing orders. Typically, you have the opportunity to choose between the 2 options, so it all depends on how expert you are in these affairs. As a domain reseller, you will work under your own brand and not under the Registrar's brand.
Earn Revenue From Supplying Webspace Hosting Plans Too
A proper supplement to your domain reseller business would be to sell web hosting accounts as well. Thereby, you can give a package deal to persons who would like to build their site and need both a domain and a web hosting plan. Some 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 name reseller account and charge-free invoicing transaction software to charge your clients. You can then sell Top-Level Domains and shared hosting accounts to clients, and since they provide many diverse domain name extensions, you will be able to offer domain and hosting services to clients from all around the globe.