The Internet is an ever-flourishing community that delivers new possibilities to make cash on the Web. One of them is to become a domain name reseller and sell domains to end users, making revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered each day, and there are 1 000 000's of currently functioning domain names, so this is a growing trading niche that you can be involved in.
TLDs and SLDs
A domain consists of 2 parts - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code TLDs
The Top-Level Domains can be generic or country code. The generic TLDs include the most popular domain extensions like .com, .net, .org, .mobi, .info, while the ccTLDs comprise 2-character abbreviations that represent each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic Top-Level Domain or a ccTLD, has a Registry - an institution that manages the registrations and determines the prerequisites that each particular TLD may include, among them the length of the registration period or the citizenship of the registrant. A number of Registrar corporations work under the Registry. These are the firms that actually sell the domain name to customers and administer all DNS resource records.
Make Money From Offering Domains
A lot of Registrars have reseller programs that permit people to gain cash from offering domains to end clients. If you register with such a program, you can launch your own electronic business. Generally, a domain will be cheaper if it is registered via a reseller rather than if it is bought straight from the Registrar by an end customer. The reason is that resellers can reach more people in regional communities or states where the Registrar may not be famous whatsoever. 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.
Trade Top-Level Domains On Behalf Of Your Own Personal Brand
When you subscribe to a domain reseller program, you will get a web hosting CP where you can choose the prices for the specific Top-Level Domains that the Registrar offers. Most corporations also provide invoicing transaction software and templates for your web shop, and the automation of the whole process coupled with the vast demand for domain names make the domain name reseller market niche so attractive. You will either receive a ready-for-use site and use the Registrar system to sell domains, or they will give you access to their API (Application Programming Interface) so that you can create your very own portal and form for placing orders. Commonly, you have the opportunity to choose between the 2 options, so it all depends on how accomplished you are in these affairs. As a domain reseller, you will operate under your very own personal brand and not under the Registrar's.
Earn Profit From Supplying Website Hosting Plans Too
A sensible supplement to your domain reseller business would be to sell web hosting plans too. Thus, you can offer a package deal to individuals who would like to manage their online portal and demand both a domain name and a web hosting plan. Certain firms supply such options. With 'ResellersPanel', for example, you can have a VPS or a dedicated server, and they will also offer you a domain name reseller account and cost-free invoice transaction software to bill your clients. You can then offer domain names and shared hosting accounts to customers, and since they offer a lot of different domain extensions, you will be able to offer domain name and hosting services to persons from all around the world.