The World Wide Web is an ever-developing network that offers new options to gain cash on the Web. One of these opportunities is to become a domain reseller and sell domain names to end customers, generating revenue from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domains are registered each day, and there are 1 000 000's of presently functioning domains, so this is a flourishing trading niche that you can become engaged in.
TLDs and SLDs
A domain name comprises two parts - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The TLDs can be generic or country code. The generic top-level domain names comprise the most widely used domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs are made of 2-letter abbreviations that stand for 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 generic TLD or a country-code one, has a Registry - an organization that handles the registrations and determines the preconditions that each concrete TLD may include, like the length of the registration period or the residency of the registrant. A number of Registrar firms work under the Registry. These are the firms that actually offer the domain name to customers and administer all domain records.
Gain Money From Trading Domains
Numerous Registrars have reseller programs that enable people to earn money from offering domain names to end customers. If you sign up for such a program, you can set up your very own personal online business. Generally, a domain will cost less if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end user. The reason is that resellers can reach more customers in regional districts or countries where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both sides will profit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar requires for the domain registration.
Sell Top-Level Domains Under Your Very Own Personal Brand
When you subscribe to a domain reseller program, you will receive a web page hosting CP where you can set the prices for the separate top-level domain names that the Registrar provides. Most companies also offer invoicing transaction software and web layouts for your web store, and the automation of the whole procedure combined with the big demand for domain names make the domain reseller market niche so alluring. You will either acquire a ready-to-use web site and avail of the Registrar platform to sell domains, or they will give you access to their API (Application Programming Interface) so that you can make your very own site and form for placing orders. Commonly, you have the option to pick between the two options, so it all depends on how skillful you are in these issues. As a domain reseller, you will work under your own personal brand name and not under the Registrar's.
Earn Cash From Selling Web Hosting Accounts Too
A nice addition to your domain reseller business would be to sell web hosting packages as well. In this way, you can give a package deal to users who want to develop their web site and require both a domain and a website hosting package. Given firms provide such options. With 'ResellersPanel', for example, you can buy a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free invoice management software to bill your customers. You can then offer TLDs and shared web hosting accounts to customers, and since they offer plenty of diverse domain name extensions, you will be able to provide domain name and hosting services to individuals from all around the world.