The World Wide Web is an ever-developing system that furnishes new ways to earn money on the Internet. One of these opportunities is to be a domain name reseller and sell domains to end users, making revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered each day, and there are millions of presently functioning domain names, so this is a flowering trading niche that you can become a part of.
Top-Level and Second-Level Domains Names
A domain involves 2 components - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The gTLDs include the best known domain extensions such as .com, .net, .org, .mobi, .info, whereas the ccTLDs include 2-letter abbreviations that correspond to 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 or a country-code Top-Level Domain, has a Registry - an institution that manages the registrations and determines the preconditions that each particular TLD may include, like the length of the registration period or the residency of the registrant. A number of Registrar firms work under the Registry. These are the companies that actually offer the domain name to customers and administer all domain resource records.
Make Revenue From Offering Domains
Lots of Registrars have reseller programs that permit individuals to earn profit from offering domains to end clients. If you sign up for such a program, you can set up your own electronic business. Normally, 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 user. The reason is that resellers can reach more persons in regional districts or states where the Registrar may not be popular whatsoever. This means more sales for the Registrar, so both parties will cash in on that. Your profit will be the difference between the price that the customer pays and the one that the Registrar requires for the domain name registration.
Sell Top-Level Domains Under Your Own Personal Trademark Name
When you subscribe to a domain name reseller program, you will acquire a website hosting Control Panel where you can set the prices for the various top-level domain names that the Registrar offers. Most companies also provide billing software and themes for your web shop, and the automation of the entire process together with the flourishing demand for domains render the domain reseller market so desirable. You will either get a ready-for-use web site and make use of the Registrar system to sell domains, or they will offer you access to their API (Application Programming Interface) so that you can set up your very own website and order form. Commonly, you have the option to decide between the two possibilities, so it all depends on how practiced you are in these affairs. As a domain name reseller, you will sell on behalf of your personal brand name and not on behalf of the Registrar's brand.
Make Money From Reselling Website Hosting Packages Too
A nice addition to your domain reseller business would be to sell web hosting accounts too. Thereby, you can offer a package deal to customers who would like to have their web site and need both a domain and a webspace hosting plan. Some corporations furnish such options. With 'ResellersPanel', for example, you can manage a VPS or a dedicated server, and they will also offer you a domain name reseller account and free-of-charge billing management software to charge your customers. You can then sell domains and shared hosting accounts to clients, and since they provide plenty of different domain name extensions, you will be able to offer domain name and hosting services to customers from all over the world.