The Internet is an ever-enlarging platform that supplies new possibilities to earn money online. One of these possibilities is to become a domain reseller and sell domains to end customers, generating profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domains are registered each day, and there are millions of currently functioning domains, so this is a blooming marketing niche that you can become engaged in.
TLDs and SLDs
A domain name consists of two constituents - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".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 gTLDs include the most conventional domain name extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs are composed of two-letter abbreviations that correspond to each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a country-code one, has a Registry - an organization that is responsible for the registrations and determines the requirements that each specific Top-Level Domain may impose, like the duration of the registration term or the citizenship of the registrant. Certain Registrar firms operate under the Registry. These are the firms that in fact offer the domain name to clients and administer all DNS records.
Gain Cash From Trading Domains
Many Registrars have reseller programs that enable individuals to gain profit from offering domains to end clients. If you sign up for such a program, you can commence your very own web business. Usually, a domain name will be cheaper if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end client. The cause is that resellers can reach more customers in local communities or states where the Registrar may not be known 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 levies for the domain registration.
Sell Domain Names On Behalf Of Your Very Own Trademark Name
When you register with a domain reseller program, you will receive a web hosting Control Panel where you can determine the prices for the separate TLDs that the Registrar provides. Most companies also offer invoice management software and website layouts for your web storefront, and the automation of the whole process coupled with the proliferating demand for domain names render the domain reseller business so seductive. You will either obtain a pre-made website and avail of the Registrar platform to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can build your own site and order form. Generally, you have the opportunity to pick between the two alternatives, so it all depends on how expert you are in these issues. As a domain reseller, you will sell on behalf of your very own brand and not on behalf of the Registrar's brand.
Gain Profit From Trading Site Hosting Plans As Well
A logical addition 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 persons who desire to run their website and demand both a domain name and a website hosting plan. Certain corporations supply such options. With 'ResellersPanel', for instance, you can run a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost invoicing software to bill your clients. You can then offer domains and shared web hosting accounts to customers, and since they provide lots of different domain extensions, you will be able to offer domain and hosting services to people from all around the globe.