The Internet is an ever-growing network that supplies new opportunities to make cash online. One of these options is to be a domain name reseller and offer domains to end users, generating revenue from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domain names are registered each day, and there are millions of currently active domains, so this is a thriving trading niche that you can become involved in.
Top-Level and Second-Level Domains
A domain contains two components - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The generic Top-Level Domains comprise the most widespread domain extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains contain two-letter abbreviations that stand for 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 or a ccTLD, has a Registry - an institution that tackles the registrations and sets the preconditions that each specific Top-Level Domain may include, like the duration of the registration period or the citizenship of the registrant. Certain Registrar companies work under the Registry. These are the firms that in fact sell the domain name to customers and administer all domain resource records.
Gain Profit From Reselling Domains
Plenty of Registrars have reseller programs that allow individuals to gain money from selling domains to end customers. If you sign up for such a program, you can begin your very own web business. Normally, a domain name will be more inexpensive if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end client. The cause is that resellers can contact more people in areas or states where the Registrar may not be known whatsoever. 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 user pays and the one that the Registrar levies for the domain registration.
Offer Domains Under Your Own Brand
When you subscribe to a domain name reseller program, you will receive a CP where you can choose the prices for the various TLDs that the Registrar offers. Most corporations also offer billing software and design skins for your web storefront, and the automation of the whole procedure combined with the considerable demand for domains make the domain name reseller market niche so tempting. You will either obtain a pre-developed site and avail of the Registrar platform to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can set up your own personal portal and order form. Commonly, you have the option to decide between the two possibilities, so it all depends on how experienced you are in these issues. As a domain name reseller, you will sell on behalf of your own personal brand name and not under the Registrar's.
Gain Revenue From Trading Webspace Hosting Packages Too
A proper addition to your domain name reseller business would be to sell web hosting services too. Thereby, you can offer a package deal to users who desire to launch their website and need both a domain name and a web site hosting plan. A few firms offer such options. With 'ResellersPanel', for example, you can buy a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and cost-free invoice management software to charge your clients. You can then sell TLDs and shared hosting accounts to clients, and since they provide lots of diverse domain extensions, you will be able to provide domain name and hosting services to people from all over the globe.