The Internet is an ever-expanding system that provides new ways to make cash online. One of these possibilities is to be a domain reseller and offer domains to end clients, making revenue 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 1 000 000's of presently active domain names, so this is an expanding business niche that you can become a part of.
Top-Level and Second-Level Domains Names
A domain name is made of two entities - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The gTLDs include the best known domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code TLDs consist of 2-character abbreviations that signify each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic or a country-code top-level domain name, has a Registry - an organization that handles the registrations and sets the requirements that each specific TLD may include, among them the duration of the registration period or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the companies that actually offer the domain name to customers and manage all domain resource records.
Earn Revenue From Offering Domain Names
Numerous Registrars have reseller programs that allow individuals to gain cash from offering domains to end users. If you subscribe to such a program, you can set up your own Internet business. Generally, a domain name will be more inexpensive if it is registered via a reseller rather than if it is bought straight from the Registrar by an end user. The cause is that resellers can reach more customers in regional districts or countries where the Registrar may not be famous at all. This implies more sales for the Registrar, so both parties will capitalize on that. Your profit will be the difference between the price that the client pays and the one that the Registrar charges for the domain name registration.
Trade Domain Names Under Your Own Brand Name
When you register with a domain name reseller program, you will receive a web site hosting Control Panel where you can settle the prices for the specific TLDs that the Registrar offers. Most corporations also provide invoicing transaction software and web templates for your virtual shop, and the automation of the entire process coupled with the swelling demand for domain names render the domain name reseller market niche so tempting. You will either obtain a pre-developed web site and use the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your own online portal and order form. Normally, you have the option to choose between the 2 possibilities, so it all depends on how expert you are in these issues. As a domain name reseller, you will operate on behalf of your personal brand and not on behalf of the Registrar's brand.
Make Profit From Trading Webspace Hosting Services Too
A relevant supplement to your domain name reseller business would be to sell web hosting packages as well. Thereby, you can give a package deal to users who want to run their web portal and demand both a domain and a hosting account. Particular corporations provide such options. With 'ResellersPanel', for instance, you can buy a Virtual Private Server or a dedicated server, and they will also give you a domain reseller account and free-of-charge invoicing transaction software to bill your customers. You can then offer TLDs and shared hosting accounts to customers, and since they provide plenty of diverse domain name extensions, you will be able to provide domain name and hosting services to individuals from all over the globe.