The World Wide Web is an ever-growing community that offers new options to gain cash on the Web. One of these ways is to be a domain reseller and sell domains to end clients, generating revenue from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered each and every day, and there are 1 000 000's of presently functioning domains, so this is a flowering trading niche that you can be a part of.
Top-Level and Second-Level Domains
A domain comprises two entities - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The generic top-level domain names include the most widespread domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names contain two-letter abbreviations that represent each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic top-level domain name or a country-code Top-Level Domain, has a Registry - an institution that administers the registrations and sets the preconditions that each given top-level domain name may impose, such as the length of the registration term or the residency of the registrant. A number of Registrar firms operate under the Registry. These are the corporations that in fact sell the domain name to clients and manage all domain name resource records.
Earn Revenue From Reselling Domains
Numerous Registrars have reseller programs that allow people to gain money from selling domains to end users. If you register with such a program, you can establish your own online business. Generally, a domain will be more inexpensive if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end client. The explanation is that resellers can contact more customers in regional communities or states where the Registrar may not be popular at all. This means more sales for the Registrar, so both parties will earn a profit from 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.
Resell Top-Level Domains Under Your Own Brand Name
When you sign up for a domain name reseller program, you will receive a website hosting CP where you can select the prices for the different top-level domain names that the Registrar offers. Most companies also provide invoice software and web page themes for your online store, and the automation of the entire procedure combined with the strong demand for domain names render the domain reseller market so desirable. You will either have a ready-to-use site and utilize the Registrar platform to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can make your own site and order form. Generally, you have the opportunity to select between the two options, so it all revolves around how expert you are in these things. As a domain name reseller, you will operate on behalf of your own personal brand name and not on behalf of the Registrar's.
Gain Profit From Promoting Web Site Hosting Packages As Well
An adequate addition to your domain reseller business would be to sell web hosting services as well. In this way, you can offer a package deal to persons who wish to build their online portal and need both a domain and a website hosting account. Certain companies offer such options. With 'ResellersPanel', for instance, you can purchase a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and cost-free billing software to charge your customers. You can then sell TLDs and shared hosting packages to customers, and since they offer lots of different domain extensions, you will be able to provide domain name and hosting services to customers from all around the world.