The Internet is an ever-growing community that furnishes new ways to make money on the Internet. One of these opportunities is to become a domain reseller and sell domains to end customers, earning profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domain names are registered each and every day, and there are 1 000 000's of currently active domains, so this is an expanding trading niche that you can be engaged in.
Top-Level and Second-Level Domains
A domain name involves two pieces - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The generic Top-Level Domains include the most widespread domain extensions such as .com, .net, .org, .mobi, .info, while the ccTLDs are composed of two-character abbreviations that correspond to each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic Top-Level Domain or a country-code TLD, has a Registry - an institution that manages the registrations and sets the preconditions that each particular TLD may include, including the duration of the registration period or the residency of the registrant. Certain Registrar corporations work under the Registry. These are the companies that actually offer the domain name to clients and manage all domain records.
Earn Profit From Trading Domain Names
Lots of Registrars have reseller programs that permit people to earn money from offering domain names to end users. If you sign up for such a program, you can build your own online business. As a rule, a domain name will be more inexpensive if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end user. The explanation is that resellers can contact more individuals in local districts or states where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both parties will cash in on that. Your profit will be the difference between the price that the customer pays and the one that the Registrar requires for the domain name registration.
Offer Domain Names Under Your Very Own Brand Name
When you sign up for a domain name reseller program, you will receive a web hosting CP where you can settle the prices for the separate Top-Level Domains that the Registrar offers. Most corporations also offer invoice management software and web page skins for your virtual storefront, and the automation of the entire process combined with the significant demand for domains render the domain reseller industry so desirable. You will either get a ready-for-use web site and make use of the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can create your own online portal and form for placing orders. Usually, you have the opportunity to choose between the 2 alternatives, so it all depends on how expert you are in these matters. As a domain reseller, you will do business under your own personal brand name and not under the Registrar's brand.
Earn Revenue From Reselling Web Hosting Accounts As Well
A good supplement to your domain name reseller business would be to sell web hosting plans too. In this way, you can give a package deal to users who desire to set up their web site and require both a domain name and a webspace hosting plan. Some firms furnish such options. With 'ResellersPanel', for example, you can order a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and free-of-cost billing software to charge your customers. You can then offer TLDs and shared web hosting plans to customers, and since they provide plenty of different domain extensions, you will be able to offer domain and hosting services to users from all around the world.