The World Wide Web is an ever-flourishing platform that generates new possibilities to gain cash on the Internet. One of these opportunities is to become a domain name reseller and sell domain names to end users, generating revenue 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 millions of presently active domain names, so this is an increasing trading niche that you can be a part of.
Top-Level and Second-Level Domains
A domain name is made of 2 entities - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domains
The top-level domain names can be generic or country code. The gTLDs comprise the best known domain extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains include 2-letter abbreviations that denote each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a country-code top-level domain name, has a Registry - an institution that deals with the registrations and determines the requirements that each specific Top-Level Domain may impose, including the duration of the registration term or the citizenship of the registrant. Certain Registrar corporations work under the Registry. These are the corporations that in fact sell the domain name to clients and administer all domain name resource records.
Gain Profit From Trading Domain Names
Multiple Registrars have reseller programs that enable individuals to earn profit from selling domains to end clients. If you sign up for such a program, you can commence your own e-business. Regularly, a domain will cost less if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end client. The cause is that resellers can contact more persons in local districts or countries where the Registrar may not be known at all. This means more sales for the Registrar, so both parties will capitalize on that. Your revenue will be the difference between the price that the client pays and the one that the Registrar imposes for the domain registration.
Sell Domains On Behalf Of Your Very Own Brand Name
When you register with a domain name reseller program, you will have a Control Panel where you can set the prices for the separate Top-Level Domains that the Registrar provides. Most companies also provide invoice software and web design layouts for your web storefront, and the automation of the entire process combined with the large demand for domain names render the domain name reseller market so seductive. You will either get a ready-made website and make use of the Registrar system to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can build your own web page and order form. Generally, you have the option to choose between the 2 options, so it all revolves around how practiced you are in these matters. As a domain reseller, you will do business under your very own personal brand name and not on behalf of the Registrar's brand.
Make Profit From Reselling Hosting Solutions Too
A reasonable addition to your domain name reseller business would be to sell web hosting packages too. Thereby, you can give a package deal to clients who would like to set up their website and demand both a domain name and a web space hosting account. Given firms offer such options. With 'ResellersPanel', for instance, you can purchase a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and cost-free invoice software to charge your customers. You can then offer domain names and shared hosting accounts to customers, and since they offer lots of different domain name extensions, you will be able to provide domain and hosting services to customers from all over the globe.