The World Wide Web is an ever-growing network that furnishes new possibilities to gain cash on the Web. One of these opportunities is to be a domain name reseller and sell domain names to end users, earning profit from the difference between the wholesale and the retail price of each and every domain name. Thousands of domains are registered each and every day, and there are millions of currently active domain names, so this is an increasing trading niche that you can become involved in.
Top-Level and Second-Level Domains
A domain includes 2 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 name and "domain" is the second-level domain name.
gTLDs and ccTLDs
The TLDs can be generic or country code. The generic top-level domain names comprise the most popular domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names are composed of 2-letter abbreviations that denote each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic or a country-code TLD, has a Registry - an institution that is responsible for the registrations and sets the preconditions that each specific Top-Level Domain may involve, among them the length of the registration period or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the companies that actually sell the domain name to customers and manage all domain name records.
Earn Revenue From Selling Domain Names
A lot of Registrars have reseller programs that enable people to gain money from selling domain names to end clients. If you sign up for such a program, you can build your very own e-business. Normally, a domain will be more inexpensive if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end client. The explanation is that resellers can contact more individuals in regional 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 profit will be the difference between the price that the client pays and the one that the Registrar requires for the domain name registration.
Trade TLDs Under Your Own Trademark Name
When you register with a domain name reseller program, you will obtain a CP where you can fix the prices for the different TLDs that the Registrar provides. Most companies also offer invoice transaction software and web page skins for your web store, and the automation of the entire process combined with the increasing demand for domains render the domain reseller industry so seductive. You will either receive a ready-to-use site and make use of the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can create your very own personal web portal and form for placing orders. Traditionally, you have the option to pick between the 2 alternatives, so it all revolves around how skillful you are in these matters. As a domain name reseller, you will do business on behalf of your own trademark name and not under the Registrar's brand.
Earn Cash From Offering Web Site Hosting Solutions Too
A nice addition to your domain name reseller business would be to sell web hosting solutions too. In this way, you can offer a package deal to clients who wish to have their online portal and demand both a domain name and a hosting package. Some corporations offer such options. With 'ResellersPanel', for example, you can manage a Virtual Server or a dedicated server, and they will also give you a domain reseller account and charge-free invoice transaction software to charge your clients. You can then offer Top-Level Domains and shared hosting plans to clients, and since they offer many diverse domain name extensions, you will be able to offer domain and hosting services to people from all around the world.