The Internet is an ever-expanding network that offers new options to make money online. One of them is to become a domain reseller and offer domains to end customers, making profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered each day, and there are 1 000 000's of presently functioning domains, so this is an expanding trading niche that you can become involved in.
Top-Level and Second-Level Domains
A domain name is made of 2 pieces - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The top-level domain names can be generic or country code. The generic Top-Level Domains comprise the most popular domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains comprise two-character abbreviations that represent each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic top-level domain name or a ccTLD, has a Registry - an institution that manages the registrations and sets the prerequisites that each concrete Top-Level Domain may contain, like the length of the registration term or the citizenship of the registrant. A number of Registrar firms operate under the Registry. These are the companies that actually sell the domain name to clients and administer all domain resource records.
Earn Cash From Reselling Domain Names
Many Registrars have reseller programs that enable individuals to gain money from selling domain names to end clients. If you sign up for such a program, you can kick off your own Internet business. Typically, a domain will cost less if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end customer. The reason is that resellers can reach more people in regional districts or states where the Registrar may not be famous at all. This means more sales for the Registrar, so both sides will make a profit from that. Your revenue will be the difference between the price that the user pays and the one that the Registrar levies for the domain name registration.
Trade Domain Names Under Your Very Own Brand
When you sign up for a domain reseller program, you will acquire a web page hosting Control Panel where you can fix the prices for the various top-level domain names that the Registrar offers. Most corporations also provide invoice management software and skins for your online storefront, and the automation of the entire process coupled with the immense demand for domains make the domain name reseller business so seductive. You will either obtain a turn-key site and avail of the Registrar system to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can build your own web portal and order form. Usually, you have the opportunity to pick between the two alternatives, so it all depends on how practiced you are in these affairs. As a domain reseller, you will do business under your own personal trademark name and not under the Registrar's.
Gain Revenue From Trading Web Space Hosting Services Too
An appropriate addition to your domain reseller business would be to sell web hosting accounts as well. In this way, you can give a package deal to people who wish to develop their online portal and demand both a domain name and a website hosting package. Particular corporations have such options. With 'ResellersPanel', for instance, you can buy a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free invoice software to bill your clients. You can then offer TLDs and shared web hosting packages to clients, and since they provide plenty of different domain name extensions, you will be able to provide domain and hosting services to customers from all around the globe.