The Internet is an ever-increasing community that delivers new opportunities to gain cash on the Internet. One of these options is to become a domain name reseller and sell domain names to end customers, earning revenue from the difference between the wholesale and the retail cost of each domain name. 1000's of domain names are registered every day, and there are millions of currently functioning domain names, so this is a flourishing trading niche that you can become involved in.
Top-Level and Second-Level Domains
A domain name is composed of two pieces - 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 TLDs can be generic or country code. The generic TLDs comprise the most common domain extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs comprise 2-character abbreviations that denote each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic TLD or a country-code one, has a Registry - an organization that administers the registrations and sets the requirements that each given top-level domain name may include, including the length of the registration term or the residency of the registrant. A number of Registrar companies work under the Registry. These are the corporations that actually offer the domain name to clients and manage all DNS records.
Earn Cash From Reselling Domain Names
Multiple Registrars have reseller programs that allow people to gain profit from selling domains to end customers. If you register with such a program, you can set up your own web business. Generally, a domain name will cost less if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end customer. The explanation is that resellers can reach more persons in regions or states where the Registrar may not be popular at all. This means more sales for the Registrar, so both parties will take advantage of that. Your profit will be the difference between the price that the client pays and the one that the Registrar requires for the domain name registration.
Sell Top-Level Domains On Behalf Of Your Very Own Brand
When you register with a domain name reseller program, you will get a web page hosting CP where you can fix the prices for the different TLDs that the Registrar provides. Most corporations also offer billing transaction software and website skins for your online shop, and the automation of the whole process combined with the significant demand for domain names make the domain reseller business so attractive. You will either receive a turn-key website and make use of 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 site and form for placing orders. Traditionally, you have the option to choose between the two options, so it all revolves around how accomplished you are in these issues. As a domain reseller, you will do business on behalf of your own personal brand and not under the Registrar's brand.
Earn Cash From Supplying Site Hosting Plans As Well
A good addition to your domain name reseller business would be to sell web hosting accounts as well. Thereby, you can offer a package deal to users who would like to build their online portal and need both a domain name and a site hosting plan. Given firms provide such options. With 'ResellersPanel', for example, you can manage a Virtual Server or a dedicated server, and they will also give you a domain reseller account and charge-free billing management software to charge your clients. You can then sell domains and shared hosting plans to customers, and since they provide plenty of different domain extensions, you will be able to offer domain name and hosting services to customers from all over the globe.