The World Wide Web is an ever-enlarging network that delivers new ways to gain cash on the Internet. One of these options is to be a domain reseller and sell domain names to end clients, generating revenue from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domain names are registered each day, and there are 1 000 000's of currently functioning domains, so this is an increasing trading niche that you can be engaged in.
Top-Level and Second-Level Domains
A domain name is made of two pieces - 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 Domains
The top-level domain names can be generic or country code. The gTLDs include the most widespread domain name extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs are made of two-letter abbreviations that represent each country. Examples 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 name or a country-code one, has a Registry - an institution that deals with the registrations and sets the prerequisites that each specific TLD may contain, like the length of the registration period or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the companies that in fact sell the domain name to clients and manage all domain name records.
Gain Profit From Selling Domain Names
A lot of Registrars have reseller programs that enable individuals to earn money from offering domain names to end users. If you register with such a program, you can kickstart your very own e-business. Typically, a domain will be more inexpensive if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end user. The reason is that resellers can reach more people in regions or states where the Registrar may not be famous at all. This implies more sales for the Registrar, so both parties will capitalize on that. Your revenue will be the difference between the price that the user pays and the one that the Registrar levies for the domain name registration.
Trade Domains On Behalf Of Your Own Brand Name
When you sign up for a domain reseller program, you will get a website hosting Control Panel where you can fix the prices for the various top-level domain names that the Registrar offers. Most companies also provide billing transaction software and site layouts for your web store, and the automation of the entire procedure together with the expanding demand for domain names make the domain name reseller industry so alluring. You will either get a ready-for-use website and make use of the Registrar system to resell domains, or they will give you access to their API (Application Programming Interface) so that you can create your very own personal online portal and form for placing orders. Typically, you have the option to choose between the 2 alternatives, so it all depends on how practiced you are in these matters. As a domain reseller, you will work on behalf of your personal brand and not on behalf of the Registrar's.
Make Profit From Selling Web Site Hosting Accounts Too
A good supplement to your domain name reseller business would be to sell web hosting services too. Thus, you can offer a package deal to users who wish to launch their online portal and demand both a domain name and a website hosting account. Some corporations offer 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-of-cost billing transaction software to bill your clients. You can then offer Top-Level Domains and shared hosting accounts to customers, and since they offer plenty of diverse domain name extensions, you will be able to offer domain name and hosting services to persons from all over the world.