The Internet is an ever-flourishing platform that generates new options to earn money online. One of these ways is to be a domain reseller and sell domains to end clients, earning profit from the difference between the wholesale and the retail cost 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 flowering trading niche that you can be involved in.
Top-Level and Second-Level Domains
A domain name is made of two constituents - a Top-Level Domain (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.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The gTLDs comprise the most famous domain extensions such as .com, .net, .org, .mobi, .info, whereas the ccTLDs involve 2-letter abbreviations that correspond to each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic or a country-code one, has a Registry - an organization that handles the registrations and determines the requirements that each given Top-Level Domain may impose, including the duration of the registration period or the residency of the registrant. Certain Registrar companies work under the Registry. These are the companies that actually sell the domain name to customers and manage all DNS records.
Earn Profit From Reselling Domains
Numerous Registrars have reseller programs that allow individuals to gain profit from selling domains to end customers. If you subscribe to such a program, you can launch your own personal electronic business. Generally, a domain name will be more inexpensive if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end customer. The reason is that resellers can contact more customers in areas or countries where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both sides will profit from that. Your revenue will be the difference between the price that the user pays and the one that the Registrar charges for the domain name registration.
Trade Top-Level Domains On Behalf Of Your Personal Trademark Name
When you subscribe to a domain reseller program, you will have a site hosting Control Panel where you can settle the prices for the individual top-level domain names that the Registrar provides. Most corporations also offer invoicing transaction software and skins for your web store, and the automation of the whole procedure together with the towering demand for domains make the domain name reseller business so alluring. You will either get a ready-to-use web site and utilize the Registrar platform to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can create your very own site and order form. Generally, you have the option to select between the two options, so it all depends on how accomplished you are in these issues. As a domain name reseller, you will operate on behalf of your very own trademark name and not under the Registrar's.
Earn Money From Providing Web Space Hosting Plans Too
A good addition to your domain name reseller business would be to sell web hosting solutions too. Thus, you can give a package deal to people who desire to have their online portal and demand both a domain name and a web hosting package. Certain corporations offer such options. With 'ResellersPanel', for example, you can manage a Virtual Dedicated Server or a dedicated server, and they will also give you a domain name reseller account and cost-free billing transaction software to bill your clients. You can then sell Top-Level Domains and shared website hosting packages to clients, and since they provide lots of different domain extensions, you will be able to provide domain name and hosting services to people from all over the world.