The Internet is an ever-flourishing community that delivers new opportunities to gain money on the Internet. One of these possibilities is to become a domain name reseller and offer domains to end clients, generating profit 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 millions of presently functioning domains, so this is an increasing trading niche that you can become involved in.
Top-Level and Second-Level Domains Names
A domain name comprises 2 components - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the second-level domain name.
gTLDs and ccTLDs
The TLDs can be generic or country code. The gTLDs comprise the most common domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names are made of 2-character abbreviations that signify each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic Top-Level Domain or a country-code one, has a Registry - an institution that administers the registrations and determines the preconditions that each specific TLD may have, like the duration of the registration term or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the firms that in fact sell the domain name to customers and handle all DNS records.
Make Cash From Selling Domain Names
Many Registrars have reseller programs that allow people to earn revenue from selling domain names to end users. If you subscribe to such a program, you can begin your very own online business. Normally, a domain name will cost less if it is registered via a reseller rather than if it is purchased directly 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 make a profit from 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 Top-Level Domain Names Under Your Very Own Brand Name
When you register with a domain name reseller program, you will obtain a Control Panel where you can select the prices for the specific top-level domain names that the Registrar offers. Most companies also provide billing management software and web design layouts for your web shop, and the automation of the entire procedure combined with the increasing demand for domains render the domain name reseller industry so alluring. You will either acquire a ready-to-use web site and make use of the Registrar platform to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can build your very own personal web portal and order form. Generally, you have the option to choose between the two alternatives, so it all revolves around how advanced you are in these matters. As a domain name reseller, you will do business under your own brand name and not under the Registrar's.
Make Profit From Selling Website Hosting Plans Too
A nice supplement to your domain reseller business would be to sell web hosting solutions too. Thereby, you can offer a package deal to users who desire to run their online portal and demand both a domain and a web hosting account. A few firms supply such options. With 'ResellersPanel', for instance, you can manage a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and cost-free billing software to charge your clients. You can then offer top-level domain names and shared hosting accounts to customers, and since they offer many different domain name extensions, you will be able to offer domain and hosting services to customers from all over the world.