The Internet is an ever-growing network that supplies new options to earn cash online. One of these opportunities is to be a domain name reseller and offer domains to end clients, making profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered every day, and there are millions of currently active domains, so this is a growing trading niche that you can be a part of.
TLDs and SLDs
A domain consists of 2 components - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The generic Top-Level Domains include the most popular domain name extensions like .com, .net, .org, .mobi, .info, while the country-code TLDs comprise two-character abbreviations that symbolize each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, 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 determines the requirements that each concrete Top-Level Domain may impose, among them the length of the registration term or the residency of the registrant. A number of Registrar corporations operate under the Registry. These are the companies that actually offer the domain name to customers and administer all domain resource records.
Gain Money From Reselling Domains
Numerous Registrars have reseller programs that allow people to gain money from selling domain names to end users. If you register with such a program, you can establish your very own web business. Regularly, a domain name will be cheaper if it is registered via a reseller rather than if it is bought directly from the Registrar by an end customer. The explanation is that resellers can contact more clients in regional districts or countries where the Registrar may not be known at all. This implies more sales for the Registrar, so both sides will 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.
Sell Domain Names On Behalf Of Your Personal Brand
When you subscribe to a domain reseller program, you will acquire a web space hosting CP where you can select the prices for the specific TLDs that the Registrar provides. Most firms also offer invoice software and web site layouts for your virtual store, and the automation of the entire procedure together with the increasing demand for domains render the domain reseller industry so alluring. You will either acquire a turn-key web site and avail of the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your very own website and form for placing orders. Typically, you have the opportunity to choose between the two options, so it all depends on how advanced you are in these issues. As a domain name reseller, you will sell on behalf of your very own personal trademark name and not under the Registrar's.
Earn Money From Offering Web Hosting Packages Too
A relevant addition to your domain name reseller business would be to sell web hosting accounts as well. In this way, you can give a package deal to users who desire to make their web site and need both a domain and a web site hosting account. A few companies furnish such options. With 'ResellersPanel', for example, you can run a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and free-of-charge invoicing software to bill your clients. You can then offer top-level domain names and shared hosting accounts to customers, and since they offer a lot of different domain name extensions, you will be able to offer domain and hosting services to clients from all around the globe.