The Internet is an ever-growing network that offers new ways to earn cash online. One of them is to be a domain name reseller and offer domains to end customers, making profit from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered each day, and there are millions of presently functioning domains, so this is a thriving trading niche that you can become engaged in.
TLDs and SLDs
A domain name involves two constituents - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic TLDs comprise the most common domain name extensions like .com, .net, .org, .mobi, .info, while the ccTLDs consist of 2-letter abbreviations that symbolize each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic TLD or a ccTLD, has a Registry - an organization that tackles the registrations and sets the prerequisites that each particular TLD may involve, including the duration of the registration period or the residency of the registrant. Certain Registrar corporations operate under the Registry. These are the firms that actually sell the domain name to customers and administer all domain name resource records.
Gain Profit From Selling Domain Names
Numerous Registrars have reseller programs that allow people to gain revenue from selling domains to end customers. If you subscribe to such a program, you can commence your own personal electronic business. Generally, 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 client. The reason is that resellers can reach more customers in regional districts or countries where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both sides will earn a profit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar requires for the domain name registration.
Trade Domain Names On Behalf Of Your Very Own Trademark Name
When you register with a domain name reseller program, you will acquire a web hosting CP where you can settle the prices for the various TLDs that the Registrar offers. Most corporations also offer invoicing software and website layouts for your virtual store, and the automation of the entire process coupled with the big demand for domain names make the domain name reseller industry so attractive. You will either have a turn-key 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 make your own personal site and form for placing orders. Generally, you have the opportunity to choose between the two possibilities, so it all revolves around how skillful you are in these issues. As a domain reseller, you will work on behalf of your very own trademark name and not under the Registrar's.
Make Profit From Providing Web Space Hosting Packages Too
A reasonable supplement to your domain name reseller business would be to sell web hosting solutions too. Thereby, you can offer a package deal to persons who desire to launch their site and demand both a domain and a hosting account. A number of companies supply such options. With 'ResellersPanel', for instance, you can run a VPS or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost invoice management software to bill your customers. You can then offer Top-Level Domains and shared web hosting packages to customers, and since they provide lots of different domain name extensions, you will be able to provide domain and hosting services to users from all around the globe.