The Internet is an ever-developing system that furnishes new possibilities to earn money online. One of these possibilities is to be a domain reseller and sell domain names to end customers, making profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domain names are registered each and every day, and there are millions of currently functioning domains, so this is a growing business niche that you can be a part of.
TLDs and SLDs
A domain name contains 2 components - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The generic Top-Level Domains comprise the best known domain extensions such as .com, .net, .org, .mobi, .info, while the country-code TLDs consist of 2-letter abbreviations that denote each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a ccTLD, has a Registry - an institution that administers the registrations and sets the requirements that each concrete top-level domain name may involve, like the duration of the registration period or the residency of the registrant. Certain Registrar companies operate under the Registry. These are the corporations that actually offer the domain name to customers and handle all domain resource records.
Gain Cash From Trading Domain Names
Plenty of Registrars have reseller programs that enable individuals to earn money from offering domains to end clients. If you subscribe to such a program, you can set up your very own online business. Typically, a domain 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 cause is that resellers can reach more people in local communities or states where the Registrar may not be famous at all. This means more sales for the Registrar, so both sides will cash in on that. Your revenue will be the difference between the price that the user pays and the one that the Registrar requires for the domain registration.
Offer Domain Names Under Your Very Own Trademark Name
When you sign up for a domain reseller program, you will get a web hosting CP where you can settle the prices for the individual TLDs that the Registrar offers. Most firms also offer invoicing software and web page skins for your online storefront, and the automation of the whole procedure coupled with the huge demand for domain names make the domain reseller industry so tempting. You will either get a ready-for-use website and utilize the Registrar system to sell domains, or they will give you access to their API (Application Programming Interface) so that you can make your very own web site and order form. Normally, you have the opportunity to pick between the two possibilities, so it all depends on how proficient you are in these things. As a domain name reseller, you will operate on behalf of your very own personal brand and not under the Registrar's brand.
Earn Money From Selling Webspace Hosting Packages As Well
An appropriate addition to your domain reseller business would be to sell web hosting packages too. In this way, you can offer a package deal to people who wish to set up their web portal and demand both a domain name and a web page hosting account. A number of corporations supply such options. With 'ResellersPanel', for example, you can purchase a Virtual Server or a dedicated server, and they will also give you a domain name reseller account and free-of-cost invoicing transaction software to charge your clients. You can then sell top-level domain names and shared website hosting plans to clients, and since they provide a lot of diverse domain name extensions, you will be able to provide domain and hosting services to clients from all over the globe.