The World Wide Web is an ever-expanding platform that supplies new possibilities to earn money on the Internet. One of these ways is to be a domain name reseller and offer domain names to end users, generating revenue from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered each and every day, and there are 1 000 000's of currently active domain names, so this is a blossoming business niche that you can be engaged in.
TLDs and SLDs
A domain name comprises two entities - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The generic TLDs comprise the best known domain name extensions like .com, .net, .org, .mobi, .info, while the ccTLDs comprise two-character 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 ccTLD, has a Registry - an organization that administers the registrations and determines the preconditions that each given top-level domain name may entail, among them the duration of the registration period or the citizenship of the registrant. Certain Registrar companies work under the Registry. These are the firms that actually sell the domain name to customers and handle all domain resource records.
Make Money From Trading Domain Names
Multiple Registrars have reseller programs that allow people to gain cash from offering domain names to end clients. If you sign up for such a program, you can initiate your own personal Internet business. Generally, a domain name will be cheaper if it is registered via a reseller rather than if it is bought directly from the Registrar by an end user. The reason is that resellers can reach more individuals in areas or countries where the Registrar may not be famous at all. This implies more sales for the Registrar, so both parties will take advantage of that. Your profit will be the difference between the price that the customer pays and the one that the Registrar requires for the domain registration.
Sell TLDs On Behalf Of Your Personal Brand
When you register with a domain name reseller program, you will get a hosting Control Panel where you can set the prices for the specific TLDs that the Registrar offers. Most firms also offer invoice management software and design themes for your web shop, and the automation of the whole process together with the flourishing demand for domains render the domain reseller market so alluring. You will either have a ready-for-use web site and avail of the Registrar system to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can make your own personal website and form for placing orders. Commonly, you have the opportunity to select between the two options, so it all depends on how expert you are in these matters. As a domain name reseller, you will operate under your own brand and not under the Registrar's.
Gain Cash From Selling Web Space Hosting Solutions As Well
A good supplement to your domain name reseller business would be to sell web hosting accounts as well. In this way, you can offer a package deal to clients who wish to build their online portal and need both a domain name and a website hosting package. A few companies supply such options. With 'ResellersPanel', for example, you can have a VPS or a dedicated server, and they will also give you a domain name reseller account and free-of-charge billing transaction software to bill your clients. You can then offer Top-Level Domains and shared hosting plans to customers, and since they provide a lot of different domain name extensions, you will be able to provide domain name and hosting services to users from all around the world.