The Internet is an ever-developing platform that furnishes new ways to gain cash online. One of these opportunities is to be a domain reseller and sell domain names to end users, generating profit from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domains are registered each and every day, and there are 1 000 000's of currently active domains, so this is a blooming trading niche that you can become involved in.
Top-Level and Second-Level Domains
A domain name is made of two constituents - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the Second-Level Domain.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic TLDs include the most popular domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs are made of 2-character abbreviations that represent each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic TLD or a country-code Top-Level Domain, has a Registry - an organization that is responsible for the registrations and determines the requirements that each concrete Top-Level Domain may entail, including the length of the registration term or the residency of the registrant. Certain Registrar firms work under the Registry. These are the firms that actually offer the domain name to clients and handle all domain resource records.
Make Cash From Selling Domains
Lots of Registrars have reseller programs that permit individuals to earn money from offering domain names to end customers. If you subscribe to such a program, you can establish your own web business. As a rule, a domain name will be more inexpensive if it is registered through a reseller rather than if it is bought straight from the Registrar by an end user. The explanation is that resellers can contact more people in regions or countries where the Registrar may not be known at all. This means more sales for the Registrar, so both parties will cash in on that. Your revenue will be the difference between the price that the client pays and the one that the Registrar requires for the domain name registration.
Resell Top-Level Domains Under Your Own Personal Brand
When you sign up for a domain reseller program, you will have a web site hosting CP where you can determine the prices for the individual TLDs that the Registrar provides. Most companies also provide billing software and design templates for your virtual storefront, and the automation of the entire process combined with the flourishing demand for domain names make the domain reseller industry so tempting. You will either acquire a turn-key website and use the Registrar system to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your very own personal portal and order form. Usually, you have the option to select between the two alternatives, so it all depends on how accomplished you are in these affairs. As a domain name reseller, you will do business under your own personal brand name and not under the Registrar's brand.
Earn Money From Promoting Web Page Hosting Accounts As Well
An excellent supplement to your domain reseller business would be to sell web hosting packages as well. In this way, you can offer a package deal to customers who want to launch their online portal and require both a domain name and a web page hosting account. Some corporations offer such options. With 'ResellersPanel', for instance, you can order a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost invoice transaction software to charge your customers. You can then offer domain names and shared website hosting plans to clients, and since they offer lots of diverse domain name extensions, you will be able to offer domain and hosting services to individuals from all around the globe.