The World Wide Web is an ever-enlarging system that provides new possibilities to earn money online. One of these options is to become a domain name reseller and sell domain names to end customers, generating profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered every day, and there are 1 000 000's of currently active domain names, so this is a developing trading niche that you can be involved in.
Top-Level and Second-Level Domains Names
A domain is composed of two pieces - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic top-level domain names comprise the most conventional domain extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names contain two-letter abbreviations that signify each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic or a country-code TLD, has a Registry - an organization that is responsible for the registrations and determines the preconditions that each given Top-Level Domain may include, such as the duration of the registration term or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the companies that in fact offer the domain name to clients and handle all domain name records.
Gain Revenue From Selling Domain Names
Lots of Registrars have reseller programs that permit people to make revenue from selling domains to end customers. If you subscribe to such a program, you can start your own personal web business. Typically, a domain will be cheaper if it is registered through a reseller rather than if it is bought directly from the Registrar by an end customer. The explanation is that resellers can reach more people in local districts or states where the Registrar may not be known at all. This implies more sales for the Registrar, so both sides will capitalize on that. Your revenue 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 Trademark Name
When you register with a domain name reseller program, you will get a web hosting CP where you can determine the prices for the separate top-level domain names that the Registrar offers. Most companies also provide invoice management software and layouts for your online shop, and the automation of the entire procedure combined with the expanding demand for domain names make the domain name reseller industry so attractive. You will either acquire a pre-developed website and utilize the Registrar platform to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can build your own portal and form for placing orders. Usually, you have the option to decide between the two possibilities, so it all depends on how skillful you are in these matters. As a domain reseller, you will sell under your very own personal brand name and not under the Registrar's brand.
Earn Money From Selling Hosting Services Too
A logical supplement to your domain name reseller business would be to sell web hosting packages as well. In this way, you can offer a package deal to customers who would like to run their site and demand both a domain and a site hosting account. Some firms supply such options. With 'ResellersPanel', for instance, you can purchase a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and free-of-cost invoice transaction software to charge your clients. You can then sell top-level domain names and shared web hosting plans to customers, and since they offer plenty of diverse domain name extensions, you will be able to provide domain and hosting services to individuals from all over the world.