The Internet is an ever-increasing system that offers new opportunities to earn money on the Web. One of them is to be a domain reseller and sell domain names to end customers, generating profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered each day, and there are 1 000 000's of currently active domains, so this is an enlarging trading niche that you can be engaged in.
TLDs and SLDs
A domain name comprises 2 entities - 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 and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The gTLDs comprise the most widespread domain extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains comprise two-character abbreviations that symbolize 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 country-code TLD, has a Registry - an organization that administers the registrations and sets the requirements that each given top-level domain name may contain, like the duration of the registration term or the residency of the registrant. Certain Registrar corporations operate under the Registry. These are the corporations that in fact offer the domain name to customers and handle all domain name resource records.
Gain Profit From Trading Domains
Multiple Registrars have reseller programs that allow people to make money from offering domains to end clients. If you sign up for such a program, you can set up your very own web business. Normally, a domain will be cheaper 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 reach more persons in provinces or states where the Registrar may not be famous at all. This means more sales for the Registrar, so both parties 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.
Sell TLDs Under Your Very Own Personal Brand Name
When you sign up for a domain reseller program, you will receive a web page hosting Control Panel where you can determine the prices for the individual top-level domain names that the Registrar provides. Most companies also offer billing transaction software and web page skins for your web store, and the automation of the entire process coupled with the proliferating demand for domains make the domain name reseller market so alluring. You will either have a pre-developed website and utilize the Registrar platform to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can build your very own online portal and form for placing orders. Commonly, you have the opportunity to select between the two possibilities, so it all depends on how trained you are in these matters. As a domain name reseller, you will sell under your own personal trademark name and not under the Registrar's brand.
Earn Cash From Supplying Web Space Hosting Accounts Too
A proper addition to your domain name reseller business would be to sell web hosting plans as well. Thereby, you can offer a package deal to persons who would like to build their site and demand both a domain and a webspace hosting package. A number of firms supply such options. With 'ResellersPanel', for instance, you can have a Virtual Server or a dedicated server, and they will also give you a domain reseller account and free billing software to charge your customers. You can then offer domains and shared website hosting packages to customers, and since they provide plenty of diverse domain name extensions, you will be able to offer domain and hosting services to individuals from all over the globe.