The Internet is an ever-expanding community that provides new opportunities to earn money on the Internet. One of these options is to become a domain reseller and offer domain names to end customers, generating profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domain names are registered each day, and there are 1 000 000's of presently functioning domains, so this is an increasing business niche that you can be a part of.
TLDs and SLDs
A domain name is composed of 2 pieces - 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 name and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The gTLDs include the most popular domain extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names involve 2-character abbreviations that stand for each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic top-level domain name or a country-code one, has a Registry - an organization that tackles the registrations and sets the requirements that each particular top-level domain name may entail, such as the duration of the registration period or the residency of the registrant. Certain Registrar companies operate under the Registry. These are the companies that in fact sell the domain name to clients and manage all domain name resource records.
Gain Profit From Selling Domains
Multiple Registrars have reseller programs that enable individuals to make profit from offering domain names to end clients. If you sign up for such a program, you can set up your very own online business. Regularly, a domain will be cheaper if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end customer. The cause is that resellers can reach more users in local regions or countries where the Registrar may not be known at all. This means more sales for the Registrar, so both sides will benefit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar requires for the domain registration.
Trade Domains On Behalf Of Your Own Personal Trademark Name
When you sign up for a domain name reseller program, you will get a web space hosting Control Panel where you can settle the prices for the individual TLDs that the Registrar provides. Most firms also offer invoice transaction software and site templates for your online store, and the automation of the whole process together with the growing demand for domains render the domain reseller industry so alluring. You will either get a ready-made site and use the Registrar platform to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can build your own web site and order form. Typically, you have the opportunity to pick between the two options, so it all depends on how skillful you are in these issues. As a domain reseller, you will work on behalf of your very own brand and not under the Registrar's.
Make Cash From Selling Hosting Accounts Too
A proper supplement to your domain name reseller business would be to sell web hosting services as well. Thus, you can give a package deal to persons who desire to manage their online portal and require both a domain name and a site hosting package. Particular companies offer such options. With 'ResellersPanel', for example, you can have a Virtual Server or a dedicated server, and they will also give you a domain name reseller account and cost-free invoicing transaction software to bill your customers. You can then sell top-level domain names and shared website hosting accounts to customers, and since they offer many diverse domain extensions, you will be able to provide domain and hosting services to people from all over the world.