The World Wide Web is an ever-enlarging network that furnishes new opportunities to earn money online. One of them is to be a domain reseller and sell domains to end users, 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 domain names, so this is a blooming business niche that you can be involved in.
TLDs and SLDs
A domain name includes 2 components - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic Top-Level Domains include the most common domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names contain two-character abbreviations that correspond to each country. Instances of ccTLDs 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 handles the registrations and determines the requirements that each particular Top-Level Domain may have, like the duration of the registration period or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the companies that actually offer the domain name to customers and administer all DNS records.
Earn Cash From Trading Domains
Multiple Registrars have reseller programs that allow individuals to make money from offering domains to end users. If you register with such a program, you can establish your own personal online business. Regularly, a domain name will be cheaper if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end customer. The reason is that resellers can contact more individuals in local regions or states where the Registrar may not be known at all. This implies more sales for the Registrar, so both parties will make a profit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar levies for the domain name registration.
Sell Top-Level Domains On Behalf Of Your Very Own Brand
When you sign up for a domain name reseller program, you will acquire a CP where you can set the prices for the individual top-level domain names that the Registrar offers. Most firms also offer invoice management software and layouts for your web store, and the automation of the entire process together with the expanding demand for domain names render the domain name reseller industry so desirable. You will either acquire a ready-to-use website and use the Registrar system to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can create your own online portal and form for placing orders. Commonly, you have the option to select between the 2 alternatives, so it all depends on how advanced you are in these issues. As a domain name reseller, you will do business on behalf of your personal brand and not under the Registrar's.
Make Profit From Trading Web Space Hosting Accounts Too
A reasonable supplement to your domain name reseller business would be to sell web hosting solutions as well. Thus, you can offer a package deal to people who desire to run their website and demand both a domain name and a web page hosting account. Some corporations supply such options. With 'ResellersPanel', for instance, you can have a VPS or a dedicated server, and they will also offer you a domain name reseller account and charge-free invoice transaction software to bill your clients. You can then offer domain names and shared hosting accounts to clients, and since they offer a lot of diverse domain name extensions, you will be able to offer domain and hosting services to users from all around the world.