The World Wide Web is an ever-flourishing community that offers new ways to make cash online. One of these possibilities is to be a domain reseller and sell domains to end clients, making revenue from the difference between the wholesale and the retail price of each and every domain name. 1000's of domain names are registered each and every day, and there are 1 000 000's of presently functioning domains, so this is an expanding trading niche that you can become a part of.
TLDs and SLDs
A domain is composed of 2 entities - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the SLD.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The generic TLDs include the most widespread domain name extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains involve two-letter abbreviations that correspond to each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic TLD or a country-code one, has a Registry - an organization that manages the registrations and sets the requirements that each given TLD may entail, such as the length of the registration period or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the firms that in fact offer the domain name to customers and handle all domain name records.
Make Profit From Trading Domain Names
Lots of Registrars have reseller programs that allow people to earn money from selling domain names to end customers. If you subscribe to such a program, you can commence your very own online business. Normally, a domain name will be cheaper if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end user. The reason is that resellers can contact more individuals in areas or countries where the Registrar may not be known at all. This implies more sales for the Registrar, so both parties will make a profit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar imposes for the domain registration.
Offer Domain Names Under Your Own Personal Brand
When you subscribe to a domain name reseller program, you will acquire a webspace hosting Control Panel where you can select the prices for the individual TLDs that the Registrar provides. Most companies also provide invoice management software and website themes for your web storefront, and the automation of the whole process combined with the growing demand for domains render the domain name reseller industry so desirable. You will either have a ready-for-use website and utilize the Registrar system to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can build your own web portal and form for placing orders. Traditionally, you have the opportunity to pick between the 2 options, so it all revolves around how skilled you are in these matters. As a domain name reseller, you will work on behalf of your own trademark name and not on behalf of the Registrar's brand.
Make Money From Reselling Website Hosting Solutions Too
An appropriate supplement to your domain reseller business would be to sell web hosting plans as well. Thereby, you can give a package deal to clients who wish to make their online portal and demand both a domain and a web space hosting package. Given companies have such options. With 'ResellersPanel', for example, you can run a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and free-of-charge billing management software to bill your customers. You can then sell top-level domain names and shared hosting packages to clients, and since they offer lots of diverse domain extensions, you will be able to offer domain name and hosting services to users from all around the world.