The Internet is an ever-expanding system that generates new ways to earn cash online. One of these ways is to become a domain name reseller and sell domain names to end customers, gaining revenue from the difference between the wholesale and the retail price of each and every domain name. 1000's of domain names are registered every day, and there are 1 000 000's of currently functioning domains, so this is an increasing trading niche that you can become a part of.
Top-Level and Second-Level Domains
A domain name is made of 2 parts - a Top-Level Domain (TLD) and a Second-Level Domain (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 TLDs
The TLDs can be generic or country code. The gTLDs include the most conventional domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains are made of two-letter abbreviations that signify each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic top-level domain name or a ccTLD, has a Registry - an organization that handles the registrations and determines the prerequisites that each specific top-level domain name may involve, such as the duration of the registration period or the citizenship of the registrant. A number of Registrar firms work under the Registry. These are the corporations that actually sell the domain name to clients and handle all DNS resource records.
Make Money From Trading Domain Names
Plenty of Registrars have reseller programs that allow individuals to earn profit from offering domain names to end users. If you subscribe to such a program, you can set up your very own personal e-business. Generally, a domain name will cost less if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end client. The cause is that resellers can reach more people in regions or states where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both parties will take advantage of that. Your profit will be the difference between the price that the client pays and the one that the Registrar imposes for the domain name registration.
Trade Top-Level Domain Names Under Your Very Own Trademark Name
When you register with a domain reseller program, you will acquire a web space hosting CP where you can settle the prices for the various top-level domain names that the Registrar offers. Most corporations also offer invoice management software and site templates for your virtual store, and the automation of the whole procedure coupled with the large demand for domains render the domain name reseller market niche so desirable. You will either obtain a ready-made website and use the Registrar platform to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can make your own online portal and form for placing orders. Traditionally, you have the opportunity to decide between the 2 possibilities, so it all depends on how advanced you are in these affairs. As a domain name reseller, you will work under your very own trademark name and not under the Registrar's brand.
Make Profit From Supplying Hosting Packages Too
A nice addition to your domain reseller business would be to sell web hosting accounts too. In this way, you can give a package deal to individuals who wish to make their web site and require both a domain name and a hosting account. Certain companies furnish such options. With 'ResellersPanel', for instance, you can have a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and free-of-cost invoicing transaction software to bill your customers. You can then sell domains and shared web hosting accounts to clients, and since they offer many different domain extensions, you will be able to provide domain and hosting services to clients from all around the globe.