The Internet is an ever-expanding network that generates new options to make cash online. One of these options is to be a domain name reseller and sell domain names to end customers, gaining profit from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered each day, and there are millions of presently functioning domain names, so this is an expanding trading niche that you can be a part of.
Top-Level and Second-Level Domains Names
A domain is made of two pieces - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the TLD and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic TLDs comprise the most conventional domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains are composed of two-letter abbreviations that symbolize each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a gTLD or a ccTLD, has a Registry - an institution that administers the registrations and sets the preconditions that each specific Top-Level Domain may have, such as the duration of the registration period or the citizenship of the registrant. Certain Registrar corporations work under the Registry. These are the corporations that actually sell the domain name to customers and administer all domain records.
Gain Money From Offering Domains
A lot of Registrars have reseller programs that allow people to gain cash from selling domain names to end customers. If you sign up for such a program, you can begin your very own online business. Generally, a domain will be more inexpensive if it is registered through a reseller rather than if it is bought directly from the Registrar by an end client. The reason is that resellers can reach more users in regions or states where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both parties will capitalize on that. Your profit will be the difference between the price that the user pays and the one that the Registrar levies for the domain registration.
Offer Domains Under Your Very Own Brand
When you subscribe to a domain reseller program, you will obtain a website hosting Control Panel where you can choose the prices for the separate TLDs that the Registrar offers. Most corporations also offer invoicing transaction software and layouts for your web storefront, and the automation of the whole procedure combined with the vast demand for domains make the domain name reseller business so seductive. You will either receive a pre-built site and use the Registrar platform to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can make your very own personal web site and form for placing orders. Generally, you have the option to choose between the 2 alternatives, so it all revolves around how practiced you are in these things. As a domain reseller, you will do business under your very own personal trademark name and not on behalf of the Registrar's brand.
Earn Profit From Trading Site Hosting Services As Well
An adequate supplement to your domain reseller business would be to sell web hosting packages too. Thus, you can offer a package deal to individuals who desire to build their web page and require both a domain name and a web page hosting package. Some corporations offer such options. With 'ResellersPanel', for instance, you can have a VPS 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 clients. You can then sell TLDs and shared web hosting plans to clients, and since they provide many diverse domain extensions, you will be able to offer domain and hosting services to people from all around the globe.