The Internet is an ever-increasing platform that offers new options to make money on the Web. One of these options is to be a domain reseller and offer domain names to end customers, gaining profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered each day, and there are millions of currently functioning domains, so this is a thriving trading niche that you can become involved in.
Top-Level and Second-Level Domains
A domain comprises 2 components - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the SLD.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The gTLDs comprise the most popular domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names comprise two-character abbreviations that stand for each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic or a country-code top-level domain name, has a Registry - an institution that is responsible for the registrations and sets the preconditions that each concrete Top-Level Domain may impose, such as the duration of the registration term or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the corporations that in fact offer the domain name to clients and handle all domain name resource records.
Earn Cash From Selling Domains
Plenty of Registrars have reseller programs that permit individuals to earn money from offering domains to end customers. If you sign up for such a program, you can establish your own web business. Typically, a domain name will be more inexpensive if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end user. The explanation is that resellers can contact more users in areas or states where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both parties will take advantage of that. Your profit will be the difference between the price that the client pays and the one that the Registrar charges for the domain registration.
Sell Domains On Behalf Of Your Very Own Personal Brand Name
When you register with a domain name reseller program, you will acquire a site hosting Control Panel where you can choose the prices for the different Top-Level Domains that the Registrar offers. Most firms also offer invoice management software and web skins for your web shop, and the automation of the entire process together with the significant demand for domains make the domain reseller business so alluring. You will either have a pre-developed website and make use of the Registrar platform to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can build your very own personal portal and form for placing orders. Commonly, you have the opportunity to decide between the 2 possibilities, so it all depends on how proficient you are in these matters. As a domain name reseller, you will do business under your very own personal trademark name and not under the Registrar's.
Earn Profit From Offering Web Space Hosting Packages Too
A suitable addition to your domain name reseller business would be to sell web hosting accounts too. Thus, you can offer a package deal to people who want to build their web portal and need both a domain name and a web page hosting plan. A number of corporations provide such options. With 'ResellersPanel', for example, you can have a Virtual Server or a dedicated server, and they will also give you a domain reseller account and free billing transaction software to charge your customers. You can then sell TLDs and shared web hosting packages to clients, and since they provide plenty of different domain extensions, you will be able to offer domain and hosting services to people from all over the globe.