The Internet is an ever-growing platform that provides new ways to make cash online. One of them is to be a domain reseller and sell domain names to end users, making profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domain names are registered each day, and there are 1 000 000's of currently functioning domain names, so this is a developing business niche that you can be a part of.
TLDs and SLDs
A domain name involves two constituents - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the second-level domain name.
gTLDs and ccTLDs
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 consist of two-letter abbreviations that represent 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 gTLD or a country-code TLD, has a Registry - an institution that deals with the registrations and determines the prerequisites that each concrete top-level domain name may involve, including the duration of the registration term or the residency of the registrant. A number of Registrar firms work under the Registry. These are the companies that in fact sell the domain name to customers and handle all domain records.
Earn Money From Reselling Domains
Many Registrars have reseller programs that allow people to earn revenue from selling domains to end users. If you sign up for such a program, you can set up your own personal electronic business. Regularly, a domain name will be more inexpensive if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end user. The cause is that resellers can reach more individuals in local regions or countries where the Registrar may not be popular at all. This means more sales for the Registrar, so both parties will earn a profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain registration.
Resell Domains Under Your Own Personal Brand
When you sign up for a domain name reseller program, you will have a hosting Control Panel where you can settle the prices for the individual top-level domain names that the Registrar offers. Most firms also provide invoice transaction software and web layouts for your virtual store, and the automation of the entire process together with the flourishing demand for domains make the domain name reseller business so seductive. You will either acquire a pre-developed web site and utilize 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 site and form for placing orders. Traditionally, you have the opportunity to select between the two alternatives, so it all depends on how proficient you are in these issues. As a domain reseller, you will do business under your very own brand and not on behalf of the Registrar's brand.
Make Cash From Trading Website Hosting Solutions As Well
A suitable supplement to your domain name reseller business would be to sell web hosting plans as well. In this way, you can offer a package deal to users who wish to have their web site and need both a domain name and a webspace hosting account. A number of firms provide such options. With 'ResellersPanel', for example, you can have a Virtual Server or a dedicated server, and they will also give you a domain reseller account and free billing transaction software to charge your clients. You can then sell domains and shared web hosting accounts to clients, and since they offer plenty of different domain extensions, you will be able to offer domain name and hosting services to individuals from all over the globe.