The Internet is an ever-developing platform that supplies new options to make money on the Internet. One of these options is to be a domain name reseller and offer domain names to end customers, gaining profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domain names are registered each day, and there are millions of presently functioning domains, so this is a blossoming marketing niche that you can be a part of.
Top-Level and Second-Level Domains
A domain contains 2 entities - 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 name.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The gTLDs comprise the most widespread domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code TLDs involve 2-letter abbreviations that signify each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic Top-Level Domain or a country-code TLD, has a Registry - an organization that tackles the registrations and determines the requirements that each given top-level domain name may impose, like the duration of the registration period or the residency of the registrant. A number of Registrar corporations operate under the Registry. These are the companies that in fact sell the domain name to customers and administer all domain name resource records.
Earn Cash From Trading Domains
Numerous Registrars have reseller programs that allow people to make revenue from offering domain names to end users. If you sign up for such a program, you can start your very own web business. Typically, 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 client. The explanation is that resellers can reach more persons in areas or states where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both parties will benefit from that. Your revenue will be the difference between the price that the user pays and the one that the Registrar charges for the domain name registration.
Sell Domain Names Under Your Own Personal Brand
When you subscribe to a domain reseller program, you will get a web page hosting Control Panel where you can fix the prices for the individual Top-Level Domains that the Registrar offers. Most firms also provide invoice transaction software and skins for your virtual shop, and the automation of the entire process combined with the expanding demand for domains make the domain reseller industry so attractive. You will either have a ready-to-use website and make use of the Registrar platform to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can create your own personal web site and form for placing orders. Traditionally, you have the opportunity to select between the two alternatives, so it all depends on how skilled you are in these things. As a domain reseller, you will sell under your own brand name and not on behalf of the Registrar's brand.
Make Money From Trading Web Hosting Packages As Well
An appropriate supplement to your domain reseller business would be to sell web hosting accounts as well. Thereby, you can give a package deal to users who wish to launch their online portal and need both a domain and a webspace hosting package. Particular firms provide such options. With 'ResellersPanel', for instance, you can run a Virtual Server or a dedicated server, and they will also give you a domain reseller account and free-of-cost invoice management software to bill your customers. You can then sell domain names and shared website hosting plans to clients, and since they offer many diverse domain extensions, you will be able to offer domain and hosting services to clients from all around the world.