The World Wide Web is an ever-flourishing platform that provides new possibilities to gain cash on the Internet. One of these possibilities is to be a domain name reseller and sell domains to end customers, making revenue from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domains are registered each day, and there are 1 000 000's of presently active domain names, so this is a blossoming trading niche that you can be a part of.
Top-Level and Second-Level Domains
A domain is composed of two entities - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic TLDs comprise the best known domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains are made of 2-character abbreviations that represent each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic or a country-code TLD, has a Registry - an organization that is responsible for the registrations and determines the prerequisites that each concrete Top-Level Domain may have, among them the length of the registration term or the citizenship of the registrant. A number of Registrar corporations work under the Registry. These are the corporations that actually sell the domain name to clients and handle all DNS resource records.
Gain Profit From Trading Domains
Many Registrars have reseller programs that allow individuals to earn money from selling domain names to end clients. If you subscribe to such a program, you can kick off your own personal online business. Usually, a domain name will be cheaper if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end customer. The explanation is that resellers can contact more persons in local regions or countries where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both sides will make a profit from 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.
Trade Top-Level Domains On Behalf Of Your Personal Trademark Name
When you sign up for a domain reseller program, you will get a web space hosting Control Panel where you can choose the prices for the different Top-Level Domains that the Registrar offers. Most corporations also provide billing software and web skins for your online storefront, and the automation of the entire procedure combined with the strong demand for domains render the domain name reseller business niche so attractive. You will either get a pre-developed site and use the Registrar system to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can make your very own online portal and order form. Normally, you have the option to select between the two alternatives, so it all depends on how practiced you are in these things. As a domain name reseller, you will operate under your personal trademark name and not on behalf of the Registrar's.
Make Revenue From Supplying Web Space Hosting Plans As Well
A relevant supplement to your domain reseller business would be to sell web hosting solutions as well. Thus, you can give a package deal to clients who want to make their web page and need both a domain and a webspace hosting package. A few corporations supply such options. With 'ResellersPanel', for instance, you can manage a VPS or a dedicated server, and they will also give you a domain name reseller account and free-of-cost invoice software to bill your clients. You can then offer top-level domain names and shared website hosting plans to clients, and since they provide a lot of diverse domain name extensions, you will be able to offer domain name and hosting services to customers from all over the globe.