The Internet is an ever-growing system that provides new ways to make cash online. One of these ways is to become a domain reseller and sell domain names to end users, earning revenue from the difference between the wholesale and the retail cost of each domain name. 1000's of domains are registered each and every day, and there are 1 000 000's of presently functioning domain names, so this is a flourishing trading niche that you can become a part of.
Top-Level and Second-Level Domains
A domain name consists of two pieces - a top-level domain name (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 SLD.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The gTLDs comprise the most widely used domain extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names comprise 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, whether it is a generic Top-Level Domain or a ccTLD, has a Registry - an organization that deals with the registrations and sets the requirements that each specific top-level domain name may have, like the duration of the registration period or the residency of the registrant. A number of Registrar firms work under the Registry. These are the companies that actually offer the domain name to clients and administer all domain name records.
Earn Money From Offering Domains
Numerous Registrars have reseller programs that enable people to make cash from selling domain names to end users. If you sign up for such a program, you can set up your very own personal web business. Regularly, 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 customers in regions or states where the Registrar may not be known 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 user pays and the one that the Registrar levies for the domain name registration.
Trade Top-Level Domains On Behalf Of Your Personal Brand Name
When you subscribe to a domain reseller program, you will receive a web site hosting CP where you can fix the prices for the various top-level domain names that the Registrar provides. Most corporations also provide invoicing transaction software and web page templates for your online shop, and the automation of the whole procedure combined with the large demand for domains render the domain name reseller industry so tempting. You will either obtain a pre-made website and make use of the Registrar platform to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can build your own website and form for placing orders. Traditionally, you have the opportunity to choose between the 2 alternatives, so it all revolves around how skilled you are in these affairs. As a domain name reseller, you will do business under your own brand name and not on behalf of the Registrar's.
Earn Cash From Reselling Web Site Hosting Solutions As Well
A logical supplement to your domain reseller business would be to sell web hosting packages as well. Thereby, you can offer a package deal to clients who want to have their web site and need both a domain and a web page hosting plan. A number of corporations provide such options. With 'ResellersPanel', for instance, you can manage a Virtual Dedicated Server or a dedicated server, and they will also give you a domain name reseller account and free invoice management software to charge your customers. You can then sell domains and shared hosting plans to customers, and since they provide lots of diverse domain extensions, you will be able to provide domain name and hosting services to people from all over the globe.