The World Wide Web is an ever-developing community that offers new possibilities to make money online. One of these options is to become a domain name reseller and offer domain names to end users, making profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered every day, and there are millions of presently active domains, so this is a growing trading niche that you can become a part of.
Top-Level and Second-Level Domains
A domain contains two pieces - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic top-level domain names include the best known domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs contain 2-character abbreviations that represent each country. Examples of ccTLDs 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 is responsible for the registrations and sets the prerequisites that each given Top-Level Domain may include, such as the length of the registration period or the citizenship of the registrant. Certain Registrar firms operate under the Registry. These are the corporations that actually sell the domain name to customers and handle all domain records.
Gain Money From Trading Domains
Plenty of Registrars have reseller programs that permit individuals to earn cash from offering domains to end users. If you sign up for such a program, you can begin your very own personal web business. As a rule, a domain name will cost less if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end customer. The cause is that resellers can reach more clients in regional districts or countries where the Registrar may not be known at all. This means more sales for the Registrar, so both parties will profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain registration.
Trade TLDs Under Your Personal Trademark Name
When you subscribe to a domain name reseller program, you will have a site hosting Control Panel where you can settle the prices for the various top-level domain names that the Registrar offers. Most corporations also provide billing transaction software and website skins for your web storefront, and the automation of the whole process together with the strong demand for domain names make the domain name reseller market so attractive. You will either get a pre-made web site and use the Registrar platform to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can make your own personal web site and form for placing orders. Normally, you have the opportunity to decide between the two options, so it all depends on how skilled you are in these matters. As a domain name reseller, you will sell on behalf of your very own brand and not under the Registrar's brand.
Gain Profit From Offering Website Hosting Plans As Well
A sensible addition to your domain reseller business would be to sell web hosting accounts too. In this way, you can give a package deal to people who want to set up their online portal and require both a domain name and a hosting plan. Some corporations offer such options. With 'ResellersPanel', for instance, you can have a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and free invoice software to charge your clients. You can then offer top-level domain names and shared hosting plans to clients, and since they provide plenty of different domain extensions, you will be able to offer domain name and hosting services to clients from all over the globe.