The World Wide Web is an ever-increasing community that offers new options to gain cash online. One of these options is to become a domain name reseller and offer domains to end customers, making revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered every day, and there are 1 000 000's of currently 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 contains two pieces - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The gTLDs comprise the most conventional domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs are made of two-letter abbreviations that signify each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a country-code Top-Level Domain, has a Registry - an institution that tackles the registrations and determines the preconditions that each specific Top-Level Domain may impose, among them 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 sell the domain name to clients and administer all domain name resource records.
Earn Profit From Selling Domains
Plenty of Registrars have reseller programs that enable people to earn money from offering domains to end clients. If you register with such a program, you can set up your very own personal web business. Regularly, a domain name will cost less if it is registered through a reseller rather than if it is bought directly from the Registrar by an end customer. The cause is that resellers can contact more users in local communities or countries where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both sides will cash in on that. Your profit will be the difference between the price that the user pays and the one that the Registrar requires for the domain registration.
Offer Top-Level Domains On Behalf Of Your Very Own Brand Name
When you sign up for a domain name reseller program, you will get a site hosting CP where you can choose the prices for the specific top-level domain names that the Registrar offers. Most firms also offer invoice transaction software and website themes for your virtual store, and the automation of the entire procedure together with the great demand for domain names make the domain name reseller industry so tempting. You will either acquire a pre-developed web site and use the Registrar system to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can create your very own portal and form for placing orders. Usually, you have the option to decide between the 2 alternatives, so it all depends on how trained you are in these matters. As a domain reseller, you will operate on behalf of your own brand name and not on behalf of the Registrar's brand.
Earn Cash From Providing Web Site Hosting Services Too
An appropriate supplement to your domain name reseller business would be to sell web hosting packages too. Thus, you can offer a package deal to people who wish to establish their website and require both a domain and a web space hosting package. Certain corporations provide such options. With 'ResellersPanel', for instance, you can order a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and free-of-charge billing management software to bill your customers. You can then offer domains and shared website hosting packages to clients, and since they provide lots of diverse domain name extensions, you will be able to provide domain name and hosting services to individuals from all around the globe.