The Internet is an ever-increasing system that provides new possibilities to earn cash on the Internet. One of these opportunities is to become a domain reseller and sell domains to end clients, gaining revenue from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domains are registered every day, and there are 1 000 000's of presently functioning domains, so this is an expanding trading niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain name is composed of 2 entities - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic TLDs comprise the most famous domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names comprise two-letter abbreviations that signify each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a country-code TLD, has a Registry - an organization that deals with the registrations and determines the prerequisites that each particular Top-Level Domain may entail, such as the duration of the registration period or the residency of the registrant. Certain Registrar companies work under the Registry. These are the corporations that in fact sell the domain name to clients and administer all domain resource records.
Gain Revenue From Selling Domain Names
Numerous Registrars have reseller programs that enable individuals to earn profit from selling domain names to end users. If you subscribe to such a program, you can build your very own electronic business. Regularly, a domain name will be cheaper if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end client. The explanation is that resellers can contact more persons in regions or countries where the Registrar may not be popular at all. This means more sales for the Registrar, so both sides will earn a profit from that. Your revenue will be the difference between the price that the user pays and the one that the Registrar imposes for the domain name registration.
Sell Domain Names On Behalf Of Your Personal Trademark Name
When you subscribe to a domain name reseller program, you will have a web hosting CP where you can determine the prices for the separate TLDs that the Registrar provides. Most corporations also provide billing transaction software and web layouts for your web storefront, and the automation of the whole procedure together with the increasing demand for domains render the domain reseller market so attractive. You will either have a pre-made site and use the Registrar system to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can create your very own personal portal and order form. Generally, you have the opportunity to choose between the two options, so it all depends on how experienced you are in these issues. As a domain name reseller, you will operate on behalf of your personal brand name and not under the Registrar's brand.
Make Cash From Offering Site Hosting Services Too
A reasonable addition to your domain name reseller business would be to sell web hosting services as well. In this way, you can give a package deal to users who want to launch their site and demand both a domain and a web hosting plan. Certain firms have such options. With 'ResellersPanel', for example, you can purchase a Virtual Private Server or a dedicated server, and they will also give you a domain reseller account and charge-free billing software to bill your clients. You can then sell domains and shared web hosting accounts to customers, and since they offer many different domain extensions, you will be able to offer domain name and hosting services to users from all around the globe.