The World Wide Web is an ever-increasing community that generates new options to gain money on the Internet. One of these ways is to be a domain name reseller and offer domains to end users, earning revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered every day, and there are 1 000 000's of currently active domain names, so this is a developing business niche that you can be involved in.
Top-Level and Second-Level Domains Names
A domain name comprises 2 components - a top-level domain name (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 SLD.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The gTLDs include the most popular domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains are made of 2-letter abbreviations that symbolize each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic TLD or a ccTLD, has a Registry - an institution that manages the registrations and determines the preconditions that each particular Top-Level Domain may impose, among them the duration of the registration period or the residency of the registrant. A number of Registrar companies operate under the Registry. These are the companies that actually offer the domain name to customers and manage all DNS resource records.
Earn Profit From Trading Domain Names
A lot of Registrars have reseller programs that permit individuals to earn profit from selling domains to end customers. If you sign up for such a program, you can kick off your own personal electronic business. Normally, a domain will be more inexpensive if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end client. The cause is that resellers can contact more clients in local communities or countries where the Registrar may not be famous at all. This implies more sales for the Registrar, so both sides will capitalize on that. Your profit will be the difference between the price that the client pays and the one that the Registrar imposes for the domain registration.
Sell Top-Level Domain Names Under Your Own Brand
When you register with a domain name reseller program, you will get a hosting Control Panel where you can choose the prices for the specific top-level domain names that the Registrar offers. Most companies also provide invoice software and web layouts for your virtual store, and the automation of the whole process coupled with the big demand for domains make the domain name reseller business so alluring. You will either get a ready-for-use website 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 set up your own online portal and form for placing orders. Normally, you have the option to pick between the 2 options, so it all revolves around how accomplished you are in these things. As a domain reseller, you will work under your personal brand name and not under the Registrar's.
Make Money From Providing Website Hosting Packages Too
An excellent addition to your domain name reseller business would be to sell web hosting services too. Thus, you can give a package deal to customers who wish to launch their online portal and need both a domain and a webspace hosting account. A few firms have such options. With 'ResellersPanel', for instance, you can buy a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and cost-free invoice management software to charge your customers. You can then sell domain names and shared website hosting plans to clients, and since they offer many different domain extensions, you will be able to offer domain name and hosting services to clients from all around the world.