The Internet is an ever-growing platform that supplies new options to earn cash on the Web. One of these ways is to become a domain name reseller and sell domains to end clients, earning revenue from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered each day, and there are millions of currently functioning domain names, so this is a flowering trading niche that you can become engaged in.
TLDs and SLDs
A domain name consists of two constituents - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain 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 generic top-level domain names include the best known domain extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names include 2-letter abbreviations that symbolize each country. Instances 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 one, has a Registry - an organization that manages the registrations and determines the prerequisites that each specific TLD may include, including the duration of the registration period or the citizenship of the registrant. A number of Registrar corporations operate under the Registry. These are the corporations that actually offer the domain name to customers and handle all DNS resource records.
Earn Money From Offering Domain Names
A lot of Registrars have reseller programs that allow individuals to make money from selling domains to end customers. If you sign up for such a program, you can launch your very own personal online business. Typically, a domain will be more inexpensive if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end customer. The cause is that resellers can reach more people in local districts or states where the Registrar may not be popular at all. This implies more sales for the Registrar, so both parties 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 registration.
Trade Domains Under Your Very Own Personal Brand
When you sign up for a domain name reseller program, you will have a web site hosting CP where you can determine the prices for the individual top-level domain names that the Registrar offers. Most companies also offer billing software and web site skins for your online shop, and the automation of the entire process together with the big demand for domain names render the domain name reseller industry so desirable. You will either receive a pre-made web site and avail of the Registrar platform to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can make your very own personal portal and order form. Typically, you have the opportunity to pick between the 2 alternatives, so it all depends on how expert you are in these matters. As a domain reseller, you will sell on behalf of your own personal trademark name and not under the Registrar's brand.
Make Money From Reselling Webspace Hosting Packages Too
An appropriate addition to your domain reseller business would be to sell web hosting services as well. In this way, you can give a package deal to users who desire to have their website and require both a domain and a webspace hosting plan. Some firms provide such options. With 'ResellersPanel', for example, you can purchase a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and free-of-charge invoice transaction software to bill your customers. You can then offer Top-Level Domains and shared web hosting accounts to customers, and since they offer many diverse domain extensions, you will be able to provide domain name and hosting services to people from all over the globe.