The Internet is an ever-growing network that provides new ways to earn cash online. One of these possibilities is to be a domain 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 each day, and there are 1 000 000's of presently active domains, so this is a blooming trading niche that you can be involved in.
Top-Level and Second-Level Domains Names
A domain name comprises two parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the Top-Level Domain and "domain" is the SLD.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The gTLDs comprise the most famous domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains consist of 2-letter abbreviations that represent each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a ccTLD, has a Registry - an institution that deals with the registrations and determines the requirements that each concrete top-level domain name may impose, such as the length of the registration term or the citizenship of the registrant. A number of Registrar corporations work under the Registry. These are the companies that in fact offer the domain name to customers and administer all domain records.
Gain Money From Reselling Domain Names
Plenty of Registrars have reseller programs that allow individuals to gain cash from selling domains to end clients. If you register with such a program, you can set up your very own e-business. As a rule, a domain will cost less if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end customer. The explanation is that resellers can contact more people in local districts or countries where the Registrar may not be famous at all. This implies more sales for the Registrar, so both sides will take advantage of that. Your profit will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain registration.
Offer Top-Level Domain Names Under Your Own Personal Brand Name
When you register with a domain name reseller program, you will have a CP where you can select the prices for the various top-level domain names that the Registrar offers. Most firms also offer invoice software and web design templates for your web store, and the automation of the entire procedure together with the enlarging demand for domain names make the domain name reseller market so desirable. You will either acquire a turn-key web site and avail of the Registrar platform to resell domains, or they will give you access to their API (Application Programming Interface) so that you can set up your own site and order form. Generally, you have the opportunity to select between the 2 alternatives, so it all revolves around how practiced you are in these matters. As a domain reseller, you will work under your own personal trademark name and not under the Registrar's.
Gain Revenue From Promoting Hosting Accounts Too
A perfect addition to your domain reseller business would be to sell web hosting packages too. Thus, you can give a package deal to persons who wish to establish their web portal and need both a domain name and a hosting package. A number of companies have such options. With 'ResellersPanel', for instance, you can order a Virtual Server or a dedicated server, and they will also offer you a domain name reseller account and free invoice software to charge your customers. You can then sell domain names and shared web hosting accounts to clients, and since they offer many different domain name extensions, you will be able to offer domain and hosting services to users from all around the globe.