The Internet is an ever-increasing community that provides new opportunities to gain money on the Web. One of these ways is to be a domain name reseller and sell domains to end users, earning revenue from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domain names are registered each and every day, and there are millions of presently active domains, so this is an expanding business niche that you can be engaged in.
Top-Level and Second-Level Domains Names
A domain contains 2 entities - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The generic Top-Level Domains include the most widely used domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names consist of 2-character abbreviations that denote each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a gTLD or a country-code one, has a Registry - an institution that tackles the registrations and determines the prerequisites that each particular top-level domain name may include, among them the duration of the registration period or the citizenship of the registrant. A number of Registrar corporations operate under the Registry. These are the firms that actually sell the domain name to clients and handle all DNS records.
Make Profit From Reselling Domains
Numerous Registrars have reseller programs that allow people to earn money from offering domains to end customers. If you subscribe to such a program, you can begin your own personal e-business. Usually, a domain will be more inexpensive if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end user. The reason is that resellers can contact more individuals in provinces or states where the Registrar may not be popular at all. This means more sales for the Registrar, so both sides will make a profit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar charges for the domain name registration.
Trade Domains On Behalf Of Your Own Personal Trademark Name
When you sign up for a domain reseller program, you will have a web hosting Control Panel where you can set the prices for the different top-level domain names that the Registrar offers. Most companies also provide invoicing software and web themes for your online store, and the automation of the whole process coupled with the immense demand for domain names make the domain reseller industry so tempting. You will either obtain a pre-developed web site and use the Registrar platform to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can make your very own web site and form for placing orders. Commonly, you have the option to choose between the two alternatives, so it all depends on how proficient you are in these things. As a domain reseller, you will sell on behalf of your own brand name and not on behalf of the Registrar's brand.
Earn Cash From Reselling Webspace Hosting Services Too
An appropriate supplement to your domain name reseller business would be to sell web hosting plans as well. Thus, you can offer a package deal to individuals who want to set up their web page and require both a domain and a website hosting plan. Some companies supply such options. With 'ResellersPanel', for instance, you can purchase a VPS or a dedicated server, and they will also offer you a domain name reseller account and free-of-charge invoice transaction software to bill your customers. You can then sell domain names and shared web hosting accounts to customers, and since they provide a lot of different domain name extensions, you will be able to offer domain and hosting services to customers from all over the globe.