The Internet is an ever-developing system that provides new options to make cash on the Web. One of these opportunities is to be a domain reseller and offer domain names to end clients, making revenue from the difference between the wholesale and the retail cost of each domain name. Thousands of domain names are registered each day, and there are 1 000 000's of currently functioning domains, so this is a flowering trading niche that you can be engaged in.
TLDs and SLDs
A domain is composed of 2 entities - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The generic Top-Level Domains include the best known domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names contain 2-character abbreviations that denote each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a country-code Top-Level Domain, has a Registry - an organization that deals with the registrations and determines the requirements that each concrete TLD may impose, including the length of the registration term or the citizenship of the registrant. Certain Registrar corporations work under the Registry. These are the companies that actually sell the domain name to customers and handle all DNS resource records.
Earn Profit From Selling Domains
A lot of Registrars have reseller programs that allow people to gain cash from selling domains to end users. If you subscribe to such a program, you can build your own personal online business. Commonly, a domain will be cheaper if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end client. The explanation is that resellers can reach more individuals in local regions or states where the Registrar may not be popular at all. This implies more sales for the Registrar, so both parties will capitalize on that. Your profit will be the difference between the price that the customer pays and the one that the Registrar requires for the domain name registration.
Trade TLDs Under Your Own Brand Name
When you subscribe to a domain reseller program, you will get a website hosting Control Panel where you can fix the prices for the individual TLDs that the Registrar offers. Most companies also provide billing transaction software and web themes for your web shop, and the automation of the entire process together with the swelling demand for domains render the domain name reseller industry so tempting. You will either get a ready-to-use site and utilize the Registrar system to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can build your very own personal website and form for placing orders. Generally, you have the option to pick between the 2 possibilities, so it all depends on how skillful you are in these things. As a domain name reseller, you will operate under your own trademark name and not on behalf of the Registrar's brand.
Gain Revenue From Selling Web Space Hosting Services As Well
A relevant supplement to your domain reseller business would be to sell web hosting packages as well. Thereby, you can give a package deal to individuals who would like to create their website and need both a domain and a site hosting plan. Given corporations supply such options. With 'ResellersPanel', for example, you can have a VPS or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost invoice management software to bill your clients. You can then sell TLDs and shared web hosting packages to clients, and since they provide lots of different domain extensions, you will be able to offer domain name and hosting services to individuals from all over the world.