The Internet is an ever-increasing network that furnishes new ways to gain money on the Internet. One of these possibilities is to be a domain name reseller and sell domain names to end users, earning profit 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 active domain names, so this is a blooming trading niche that you can become a part of.
Top-Level and Second-Level Domains Names
A domain contains two pieces - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".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 generic TLDs include the most widely used domain extensions like .com, .net, .org, .mobi, .info, while the country-code TLDs are made of 2-character abbreviations that stand for each country. Instances of ccTLDs 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 organization that is responsible for the registrations and determines the prerequisites that each particular TLD may include, such as the duration of the registration term or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the firms that actually sell the domain name to clients and handle all domain records.
Earn Money From Selling Domains
Lots of Registrars have reseller programs that permit people to gain revenue from selling domains to end customers. If you register with such a program, you can establish your own personal electronic business. Typically, a domain name will be cheaper if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end user. The cause is that resellers can contact more users in areas or countries where the Registrar may not be known at all. This means more sales for the Registrar, so both parties will capitalize on that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar charges for the domain registration.
Trade Domains On Behalf Of Your Very Own Brand Name
When you sign up for a domain name reseller program, you will receive a web hosting CP where you can set the prices for the separate TLDs that the Registrar offers. Most companies also offer invoice management software and web page themes for your online store, and the automation of the whole procedure coupled with the flourishing demand for domains make the domain reseller market so tempting. You will either get a pre-made web site and avail of the Registrar system to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can create your own personal web portal and order form. Usually, you have the opportunity to pick between the 2 options, so it all depends on how skillful you are in these issues. As a domain name reseller, you will operate under your own trademark name and not on behalf of the Registrar's.
Make Revenue From Supplying Web Site Hosting Plans Too
A logical addition to your domain reseller business would be to sell web hosting solutions as well. Thus, you can offer a package deal to customers who wish to create their website and need both a domain and a web page hosting package. Some companies have such options. With 'ResellersPanel', for example, you can manage a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and cost-free invoice management software to charge your clients. You can then sell domains and shared hosting plans to customers, and since they offer plenty of diverse domain extensions, you will be able to provide domain and hosting services to users from all around the globe.