The Internet is an ever-increasing platform that provides new ways to make money on the Internet. One of these possibilities is to be a domain name reseller and sell domain names to end users, making profit 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 domains, so this is a flowering trading niche that you can be involved in.
TLDs and SLDs
A domain consists of 2 pieces - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic Top-Level Domains include the most widespread domain name extensions like .com, .net, .org, .mobi, .info, while the ccTLDs include two-character abbreviations that signify each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a country-code TLD, has a Registry - an institution that administers the registrations and sets the preconditions that each given top-level domain name may involve, including the duration of the registration period or the residency of the registrant. A number of Registrar companies work under the Registry. These are the corporations that in fact offer the domain name to customers and handle all domain name resource records.
Gain Profit From Selling Domain Names
A lot of Registrars have reseller programs that permit people to earn money from selling domain names to end users. If you subscribe to such a program, you can start your very own personal electronic business. Regularly, a domain name will be more inexpensive if it is registered through a reseller rather than if it is bought directly from the Registrar by an end client. The cause is that resellers can contact more people in local communities or states where the Registrar may not be famous at all. This implies more sales for the Registrar, so both parties will take advantage of that. Your profit will be the difference between the price that the user pays and the one that the Registrar requires for the domain name registration.
Offer Domains On Behalf Of Your Own Brand Name
When you register with a domain reseller program, you will get a web space hosting Control Panel where you can settle the prices for the separate top-level domain names that the Registrar provides. Most corporations also provide invoice management software and layouts for your web shop, and the automation of the entire process together with the enormous demand for domain names render the domain reseller industry so tempting. You will either acquire a pre-made site and make use of the Registrar platform to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can make your own personal web site and order form. Commonly, you have the option to pick between the two possibilities, so it all revolves around how advanced you are in these affairs. As a domain name reseller, you will do business on behalf of your own brand and not on behalf of the Registrar's brand.
Make Revenue From Trading Website Hosting Plans As Well
An adequate supplement to your domain reseller business would be to sell web hosting accounts too. In this way, you can offer a package deal to users who want to launch their site and require both a domain and a hosting plan. Some companies provide such options. With 'ResellersPanel', for instance, you can run a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and charge-free invoicing software to charge your clients. You can then sell Top-Level Domains and shared hosting packages to clients, and since they provide a lot of different domain name extensions, you will be able to provide domain and hosting services to persons from all over the world.