The Internet is an ever-growing network that supplies new opportunities to gain money on the Web. One of these opportunities is to become a domain name reseller and sell domain names to end customers, making profit from the difference between the wholesale and the retail price 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 domain names, so this is a developing trading niche that you can be engaged in.
TLDs and SLDs
A domain name consists of 2 components - 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 SLD.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The gTLDs comprise the most widespread domain extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains comprise 2-letter abbreviations that stand for each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a country-code Top-Level Domain, has a Registry - an organization that is responsible for the registrations and sets the requirements that each concrete TLD may entail, among them the length of the registration term or the residency of the registrant. Certain Registrar corporations operate under the Registry. These are the firms that actually sell the domain name to customers and handle all domain name records.
Make Cash From Offering Domain Names
A lot of Registrars have reseller programs that allow people to gain profit from offering domain names to end users. If you register with such a program, you can build your own electronic business. As a rule, a domain will be cheaper if it is registered through a reseller rather than if it is bought straight from the Registrar by an end customer. The explanation is that resellers can reach more persons in local districts or countries where the Registrar may not be known at all. This means more sales for the Registrar, so both sides will capitalize on that. Your revenue will be the difference between the price that the client pays and the one that the Registrar imposes for the domain name registration.
Trade Top-Level Domains Under Your Very Own Personal Brand Name
When you register with a domain reseller program, you will have a hosting Control Panel where you can determine the prices for the different Top-Level Domains that the Registrar offers. Most corporations also provide billing transaction software and web layouts for your virtual storefront, and the automation of the whole procedure together with the rising demand for domain names make the domain name reseller business so attractive. You will either acquire a ready-made website and make use of the Registrar platform to sell domains, or they will give you access to their API (Application Programming Interface) so that you can create your own online portal and form for placing orders. Traditionally, you have the opportunity to pick between the two alternatives, so it all depends on how experienced you are in these affairs. As a domain reseller, you will do business on behalf of your own personal brand name and not under the Registrar's.
Earn Revenue From Providing Web Site Hosting Packages Too
A logical addition to your domain name reseller business would be to sell web hosting packages too. In this way, you can give a package deal to people who would like to make their online portal and require both a domain and a web site hosting package. A few corporations have such options. With 'ResellersPanel', for example, you can have a VPS or a dedicated server, and they will also offer you a domain reseller account and charge-free invoicing transaction software to charge your customers. You can then sell Top-Level Domains and shared hosting accounts to customers, and since they provide plenty of different domain name extensions, you will be able to offer domain name and hosting services to people from all over the globe.