The Internet is an ever-developing community that provides new possibilities to make cash online. One of these possibilities is to be a domain name reseller and offer domain names to end users, 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 every day, and there are 1 000 000's of presently functioning domain names, so this is a blooming trading niche that you can be engaged in.
TLDs and SLDs
A domain name contains 2 pieces - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic Top-Level Domains include the most famous domain name extensions such as .com, .net, .org, .mobi, .info, whereas the ccTLDs are composed of two-letter abbreviations that signify each country. Examples of country-code top-level domain names 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 name, has a Registry - an institution that manages the registrations and determines the requirements that each given top-level domain name may involve, including the duration of the registration period or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the firms that in fact offer the domain name to clients and administer all domain records.
Gain Revenue From Trading Domains
Numerous Registrars have reseller programs that enable people to make profit from offering domain names to end users. If you subscribe to such a program, you can build your very own electronic business. Regularly, a domain will be more inexpensive if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end client. The reason is that resellers can contact more individuals in local districts or countries where the Registrar may not be popular at all. This implies 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 requires for the domain registration.
Resell Top-Level Domains Under Your Personal Brand Name
When you subscribe to a domain reseller program, you will acquire a web page hosting CP where you can select the prices for the specific TLDs that the Registrar offers. Most corporations also offer invoice transaction software and site skins for your virtual store, and the automation of the whole process coupled with the strong demand for domains make the domain name reseller industry so attractive. You will either have a turn-key website and utilize the Registrar system to resell domains, or they will give you access to their API (Application Programming Interface) so that you can create your very own web page and form for placing orders. Normally, you have the opportunity to decide between the two options, so it all revolves around how advanced you are in these matters. As a domain reseller, you will operate on behalf of your own brand name and not on behalf of the Registrar's.
Gain Money From Supplying Webspace Hosting Packages Too
An adequate supplement to your domain name reseller business would be to sell web hosting solutions as well. In this way, you can give a package deal to customers who want to run their site and require both a domain name and a web site hosting package. Given corporations provide such options. With 'ResellersPanel', for example, you can manage a VPS or a dedicated server, and they will also offer you a domain reseller account and free-of-cost invoice software to charge your clients. You can then sell domain names and shared website hosting packages to customers, and since they provide a lot of different domain name extensions, you will be able to provide domain and hosting services to people from all around the globe.