The Internet is an ever-flourishing system that offers new possibilities to gain cash on the Web. One of these possibilities is to become a domain name reseller and sell domain names to end users, generating profit from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered every day, and there are 1 000 000's of currently active domain names, so this is an increasing trading niche that you can become engaged in.
TLDs and SLDs
A domain includes 2 pieces - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The top-level domain names can be generic or country code. The generic TLDs comprise the most popular domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains comprise two-character abbreviations that symbolize each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic Top-Level Domain or a country-code top-level domain name, has a Registry - an organization that administers the registrations and sets the requirements that each specific top-level domain name may impose, including the duration of the registration period or the citizenship of the registrant. A number of Registrar companies operate under the Registry. These are the firms that in fact sell the domain name to customers and administer all domain name records.
Earn Revenue From Selling Domain Names
Multiple Registrars have reseller programs that allow people to gain revenue from selling domain names to end clients. If you sign up for such a program, you can commence your own personal Internet business. As a rule, a domain name will cost less if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end client. The explanation is that resellers can reach more customers in local communities or countries where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both sides will take advantage of that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar levies for the domain name registration.
Trade Top-Level Domain Names Under Your Own Personal Brand Name
When you subscribe to a domain name reseller program, you will obtain a web site hosting Control Panel where you can select the prices for the various top-level domain names that the Registrar offers. Most corporations also offer invoice transaction software and web design layouts for your online storefront, and the automation of the entire process coupled with the big demand for domain names make the domain reseller market niche so alluring. You will either acquire a pre-built website and use the Registrar platform to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can create your own web portal and order form. Traditionally, you have the option to decide between the 2 options, so it all revolves around how experienced you are in these issues. As a domain reseller, you will work under your personal brand and not under the Registrar's.
Gain Cash From Promoting Site Hosting Accounts As Well
A proper supplement to your domain reseller business would be to sell web hosting accounts too. Thus, you can give a package deal to persons who want to have their online portal and need both a domain and a web page hosting package. A few companies supply such options. With 'ResellersPanel', for example, you can manage a Virtual Server or a dedicated server, and they will also give you a domain reseller account and free-of-cost billing management software to bill your clients. You can then offer domains and shared web hosting plans to customers, and since they provide plenty of different domain extensions, you will be able to offer domain and hosting services to individuals from all around the globe.