The World Wide Web is an ever-developing network that supplies new opportunities to earn money on the Internet. One of these possibilities is to become 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. Thousands of domains are registered each day, and there are 1 000 000's of currently active domains, so this is a developing trading niche that you can be engaged in.
TLDs and SLDs
A domain includes 2 components - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the TLD 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 Top-Level Domains include the most common domain name extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains are made of two-letter abbreviations that symbolize each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic top-level domain name or a ccTLD, has a Registry - an organization that manages the registrations and determines the prerequisites that each particular top-level domain name may involve, such as the length of the registration term or the residency of the registrant. Certain Registrar corporations operate under the Registry. These are the corporations that actually sell the domain name to customers and manage all DNS resource records.
Gain Profit From Trading Domain Names
Lots of Registrars have reseller programs that permit people to earn revenue from selling domain names to end customers. If you register with such a program, you can kickstart your very own personal web business. Usually, a domain name will cost less if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end client. The reason is that resellers can reach more people in local regions or countries where the Registrar may not be popular at all. This means 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.
Offer Top-Level Domain Names On Behalf Of Your Own Trademark Name
When you register with a domain name reseller program, you will receive a Control Panel where you can choose the prices for the various top-level domain names that the Registrar offers. Most corporations also provide billing management software and web skins for your online store, and the automation of the entire process combined with the enormous demand for domains make the domain reseller business niche so alluring. You will either obtain a ready-to-use web site and use the Registrar platform to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can make your very own personal site and order form. Commonly, you have the opportunity to select between the 2 possibilities, so it all depends on how experienced you are in these issues. As a domain name reseller, you will sell on behalf of your own personal brand and not on behalf of the Registrar's brand.
Make Profit From Providing Site Hosting Packages Too
An excellent addition to your domain reseller business would be to sell web hosting services as well. Thereby, you can offer a package deal to persons who desire to set up their web page and demand both a domain and a web hosting plan. A number of firms supply such options. With 'ResellersPanel', for instance, you can order a Virtual Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-charge invoicing software to bill your clients. You can then offer top-level domain names and shared web hosting plans to clients, and since they provide plenty of different domain extensions, you will be able to offer domain and hosting services to clients from all over the globe.