The World Wide Web is an ever-flourishing network that generates new ways to earn cash on the Web. One of these possibilities is to become a domain reseller and offer domains to end customers, making 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 functioning domain names, so this is an expanding trading niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain comprises 2 components - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic TLDs include the best known domain name extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names are made of 2-character 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 TLD, has a Registry - an organization that handles the registrations and determines the requirements that each given TLD may impose, like the duration of the registration term or the residency of the registrant. A number of Registrar companies work under the Registry. These are the companies that actually offer the domain name to clients and handle all domain name records.
Make Profit From Trading Domains
A lot of Registrars have reseller programs that allow individuals to make money from offering domain names to end clients. If you sign up for such a program, you can build your own personal online business. Typically, a domain name will cost less if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end user. The explanation is that resellers can contact more persons in regional communities or states where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both sides will capitalize on that. Your profit will be the difference between the price that the customer pays and the one that the Registrar requires for the domain registration.
Trade Domains On Behalf Of Your Own Personal Trademark Name
When you subscribe to a domain reseller program, you will obtain a web hosting CP where you can fix the prices for the individual Top-Level Domains that the Registrar offers. Most firms also provide invoicing transaction software and site skins for your online shop, and the automation of the whole process combined with the big demand for domain names render the domain reseller market so desirable. You will either obtain a turn-key website and utilize the Registrar platform to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can build your very own site and form for placing orders. Usually, you have the opportunity to select between the two options, so it all depends on how skillful you are in these things. As a domain reseller, you will sell on behalf of your own brand and not under the Registrar's.
Earn Profit From Reselling Webspace Hosting Solutions As Well
A good addition to your domain name reseller business would be to sell web hosting packages as well. Thus, you can offer a package deal to customers who would like to have their website and need both a domain and a hosting account. A few firms supply such options. With 'ResellersPanel', for instance, you can purchase a VPS or a dedicated server, and they will also give you a domain reseller account and free-of-cost invoicing transaction software to charge your clients. You can then sell domain names and shared hosting plans to customers, and since they offer lots of diverse domain extensions, you will be able to offer domain and hosting services to customers from all over the globe.