The Internet is an ever-growing network that provides new opportunities to gain money on the Internet. One of these options is to be a domain name reseller and sell domain names to end customers, making profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered every day, and there are 1 000 000's of currently active domain names, so this is an expanding trading niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain name is made of two constituents - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the top-level domain name and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic Top-Level Domains include the most common domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names comprise two-character abbreviations that symbolize 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 country-code Top-Level Domain, has a Registry - an institution that tackles the registrations and determines the preconditions that each specific Top-Level Domain may include, such as the duration of the registration period or the residency of the registrant. Certain Registrar firms work under the Registry. These are the firms that in fact offer the domain name to clients and handle all domain name records.
Gain Cash From Reselling Domain Names
Many Registrars have reseller programs that allow people to gain profit from selling domains to end clients. If you register with such a program, you can initiate your very own web business. Regularly, a domain will be more inexpensive if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end client. The cause is that resellers can contact more persons in local communities or states where the Registrar may not be famous at all. This implies more sales for the Registrar, so both sides will earn a profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar levies for the domain name registration.
Resell Top-Level Domain Names Under Your Own Personal Brand Name
When you subscribe to a domain reseller program, you will acquire a web page hosting Control Panel where you can determine the prices for the specific TLDs that the Registrar provides. Most companies also provide invoicing software and web page templates for your virtual shop, and the automation of the whole process combined with the rising demand for domain names make the domain reseller business so alluring. You will either receive a turn-key website and avail of the Registrar system to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can build your own web page and form for placing orders. Traditionally, you have the option to select between the two possibilities, so it all revolves around how proficient you are in these matters. As a domain reseller, you will work on behalf of your very own personal brand name and not under the Registrar's.
Gain Cash From Reselling Website Hosting Solutions Too
A suitable addition to your domain name reseller business would be to sell web hosting accounts as well. Thereby, you can give a package deal to customers who wish to build their web page and require both a domain and a web hosting account. A few companies offer such options. With 'ResellersPanel', for example, you can buy a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost invoicing transaction software to charge your clients. You can then offer domains and shared hosting plans to customers, and since they provide plenty of different domain name extensions, you will be able to provide domain and hosting services to persons from all over the world.