The World Wide Web is an ever-developing network that generates new ways to make cash on the Internet. One of these opportunities is to be a domain reseller and sell domains to end customers, making revenue from the difference between the wholesale and the retail cost of each domain name. 1000's of domain names are registered each day, and there are millions of presently functioning domains, so this is a growing trading niche that you can be a part of.
TLDs and SLDs
A domain is made of two entities - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the SLD.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The generic Top-Level Domains include the most popular domain extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains are composed of 2-character 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, whether it is a generic or a country-code top-level domain name, has a Registry - an organization that deals with the registrations and sets the requirements that each given top-level domain name may have, among them the length of the registration term or the citizenship of the registrant. Certain Registrar companies operate under the Registry. These are the corporations that in fact sell the domain name to customers and handle all domain records.
Gain Profit From Selling Domain Names
A lot of Registrars have reseller programs that enable individuals to earn profit from selling domain names to end clients. If you register with such a program, you can start your own Internet business. Commonly, a domain name will cost less if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end user. The cause is that resellers can contact more people in local regions or states where the Registrar may not be famous at all. This means more sales for the Registrar, so both sides will capitalize on that. Your profit will be the difference between the price that the client pays and the one that the Registrar requires for the domain registration.
Offer Domain Names On Behalf Of Your Very Own Trademark Name
When you register with a domain name reseller program, you will get a web hosting Control Panel where you can fix the prices for the specific top-level domain names that the Registrar offers. Most firms also offer invoicing software and web site templates for your web store, and the automation of the entire process together with the proliferating demand for domain names make the domain reseller business niche so seductive. You will either get a ready-for-use website 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 create your own online portal and form for placing orders. Usually, you have the option to decide between the 2 possibilities, so it all depends on how skilled you are in these matters. As a domain name reseller, you will do business on behalf of your very own brand and not under the Registrar's brand.
Earn Cash From Selling Webspace Hosting Accounts As Well
A logical supplement to your domain reseller business would be to sell web hosting services as well. Thus, you can give a package deal to customers who want to develop their online portal and need both a domain and a web site hosting package. Some firms have such options. With 'ResellersPanel', for instance, you can purchase a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost invoice management software to charge your customers. You can then offer TLDs and shared web hosting packages to clients, and since they offer lots of diverse domain extensions, you will be able to offer domain and hosting services to persons from all over the world.