The World Wide Web is an ever-developing network that provides new opportunities to make money on the Web. One of these opportunities is to become a domain reseller and offer domain names to end users, making revenue from the difference between the wholesale and the retail cost of each domain name. Thousands of domain names are registered every day, and there are 1 000 000's of currently functioning domains, so this is a blooming trading niche that you can be involved in.
Top-Level and Second-Level Domains
A domain is composed of two components - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The generic Top-Level Domains comprise the most common domain extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains contain two-letter abbreviations that correspond to each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a country-code Top-Level Domain, has a Registry - an organization that handles the registrations and sets the requirements that each specific Top-Level Domain may contain, like the length of the registration term or the residency of the registrant. A number of Registrar companies operate under the Registry. These are the firms that in fact sell the domain name to clients and administer all domain name records.
Earn Money From Selling Domains
Multiple Registrars have reseller programs that enable people to earn money from offering domain names to end clients. If you sign up for such a program, you can commence your own electronic business. Typically, a domain will be cheaper if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end user. The cause is that resellers can reach more clients in regions or states where the Registrar may not be known at all. This implies more sales for the Registrar, so both sides will take advantage of that. Your profit will be the difference between the price that the user pays and the one that the Registrar levies for the domain registration.
Resell Top-Level Domain Names On Behalf Of Your Very Own Personal Brand Name
When you register with a domain reseller program, you will acquire a CP where you can fix the prices for the specific Top-Level Domains that the Registrar provides. Most corporations also offer invoicing transaction software and site templates for your web shop, and the automation of the whole process together with the increasing demand for domains make the domain name reseller business so attractive. You will either acquire a ready-made website and use the Registrar platform to resell domains, or they will give you access to their API (Application Programming Interface) so that you can build your own personal online portal and order form. Traditionally, you have the opportunity to decide between the two alternatives, so it all revolves around how skilled you are in these things. As a domain name reseller, you will operate on behalf of your very own brand name and not on behalf of the Registrar's.
Make Cash From Providing Website Hosting Packages Too
An appropriate supplement to your domain reseller business would be to sell web hosting solutions as well. In this way, you can offer a package deal to clients who want to launch their web portal and demand both a domain name and a hosting account. Given companies offer such options. With 'ResellersPanel', for instance, you can buy a VPS or a dedicated server, and they will also offer you a domain reseller account and free billing transaction software to charge your clients. You can then sell top-level domain names and shared hosting packages to customers, and since they provide lots of diverse domain name extensions, you will be able to offer domain and hosting services to clients from all over the world.