Domain name reseller
The World Wide Web is an ever-developing platform that offers new ways to gain money on the Internet. One of them is to become a domain name reseller and sell domains to end users, gaining revenue from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered each and every day, and there are millions of currently functioning domain names, so this is a growing trading niche that you can become involved in.
Top-Level and Second-Level Domains
A domain name is made of 2 parts - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The generic top-level domain names include the most famous domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs include two-character abbreviations that correspond to each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a country-code Top-Level Domain, has a Registry - an institution that is responsible for the registrations and determines the preconditions that each given top-level domain name may include, such as the duration of the registration term or the citizenship of the registrant. A number of Registrar firms work under the Registry. These are the corporations that in fact offer the domain name to customers and handle all domain name resource records.
Gain Money From Reselling Domains
Many Registrars have reseller programs that enable people to earn money from selling domains to end clients. If you sign up for such a program, you can establish your very own Internet business. Typically, a domain will be cheaper if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end user. The cause is that resellers can contact more users in local communities or countries where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both parties will cash in on that. Your profit will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain registration.
Sell TLDs On Behalf Of Your Own Trademark Name
When you subscribe to a domain reseller program, you will have a site hosting CP where you can determine the prices for the various TLDs that the Registrar offers. Most corporations also offer invoice management software and web themes for your web store, and the automation of the whole process coupled with the considerable demand for domains make the domain name reseller industry so desirable. You will either have a pre-built website and avail of 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 personal web site and form for placing orders. Traditionally, you have the opportunity to select between the 2 possibilities, so it all depends on how trained you are in these affairs. As a domain name reseller, you will sell under your personal brand name and not under the Registrar's.
Make Money From Selling Webspace Hosting Services Too
An excellent supplement to your domain reseller business would be to sell web hosting plans as well. Thus, you can offer a package deal to clients who want to launch their online portal and need both a domain name and a website hosting package. Given companies offer 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 name reseller account and free-of-charge invoicing transaction software to bill your customers. You can then sell domain names and shared web hosting packages to customers, and since they offer plenty of different domain name extensions, you will be able to provide domain and hosting services to individuals from all around the world.