The World Wide Web is an ever-expanding community that delivers new ways to gain money on the Web. One of these ways is to become a domain name reseller and sell domains to end users, generating profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domain names are registered each and every day, and there are 1 000 000's of currently active domains, so this is an expanding trading niche that you can be a part of.
Top-Level and Second-Level Domains Names
A domain is composed of 2 parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the Top-Level Domain and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The top-level domain names can be generic or country code. The generic Top-Level Domains include the most famous domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs are made of 2-letter abbreviations that signify each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic Top-Level Domain or a country-code TLD, has a Registry - an institution that manages the registrations and sets the prerequisites that each specific Top-Level Domain may include, including the length of the registration term or the residency of the registrant. Certain Registrar companies operate under the Registry. These are the corporations that in fact offer the domain name to clients and administer all domain resource records.
Make Profit From Offering Domain Names
Plenty of Registrars have reseller programs that enable people to earn money from offering domains to end clients. If you subscribe to such a program, you can initiate your very own Internet business. As a rule, a domain name will cost less if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end client. The explanation is that resellers can contact more individuals in local communities or states where the Registrar may not be famous at all. This means 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 user pays and the one that the Registrar requires for the domain registration.
Offer TLDs Under Your Very Own Personal Brand
When you subscribe to a domain name reseller program, you will have a web space hosting CP where you can fix the prices for the individual TLDs that the Registrar offers. Most firms also offer billing management software and web design layouts for your online shop, and the automation of the entire procedure combined with the vast demand for domain names make the domain name reseller business niche so desirable. You will either obtain a ready-made web site and use the Registrar system to sell domains, or they will give you access to their API (Application Programming Interface) so that you can build your very own web portal and form for placing orders. Traditionally, you have the opportunity to decide between the 2 possibilities, so it all revolves around how experienced you are in these matters. As a domain reseller, you will do business under your very own personal brand and not under the Registrar's.
Earn Profit From Trading Hosting Solutions As Well
A relevant addition to your domain reseller business would be to sell web hosting plans too. Thus, you can offer a package deal to individuals who wish to develop their online portal and require both a domain and a web space hosting account. Some corporations have such options. With 'ResellersPanel', for instance, you can manage a VPS or a dedicated server, and they will also offer you a domain reseller account and charge-free invoicing transaction software to bill your customers. You can then sell Top-Level Domains and shared hosting packages to customers, and since they provide plenty of diverse domain name extensions, you will be able to offer domain name and hosting services to individuals from all over the globe.