The World Wide Web is an ever-expanding system that furnishes new possibilities to earn cash online. One of them is to be a domain reseller and offer domain names to end clients, earning profit from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered each and every day, and there are 1 000 000's of currently functioning domains, so this is an increasing trading niche that you can become involved in.
Top-Level and Second-Level Domains
A domain is made of two parts - a Top-Level Domain (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.
Generic and Country-Code Top-Level Domains
The top-level domain names can be generic or country code. The generic top-level domain names include the most widely used domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names involve two-character abbreviations that signify each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic TLD or a country-code top-level domain name, has a Registry - an organization that handles the registrations and determines the preconditions that each concrete top-level domain name may involve, such as the duration of the registration term or the residency of the registrant. Certain Registrar firms work under the Registry. These are the firms that in fact sell the domain name to clients and administer all domain name resource records.
Gain Revenue From Reselling Domains
Multiple Registrars have reseller programs that enable individuals to gain money from selling domains to end customers. If you sign up for such a program, you can initiate your very own web business. Generally, 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 user. The explanation is that resellers can reach more customers in areas or countries where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both parties will benefit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar levies for the domain registration.
Sell TLDs Under Your Own Personal Brand
When you sign up for a domain name reseller program, you will acquire a website hosting Control Panel where you can determine the prices for the individual TLDs that the Registrar offers. Most corporations also provide invoice management software and web site themes for your virtual shop, and the automation of the entire process combined with the enormous demand for domains make the domain reseller market niche so desirable. You will either have a ready-for-use website and use the Registrar system to resell domains, or they will give you access to their API (Application Programming Interface) so that you can create your own web page and form for placing orders. Typically, you have the opportunity to pick between the two alternatives, so it all revolves around how practiced you are in these matters. As a domain name reseller, you will sell on behalf of your own trademark name and not under the Registrar's.
Gain Money From Supplying Web Hosting Accounts As Well
A relevant supplement to your domain reseller business would be to sell web hosting plans too. Thus, you can offer a package deal to clients who wish to set up their website and require both a domain and a web space hosting package. Given companies supply such options. With 'ResellersPanel', for example, you can purchase a VPS or a dedicated server, and they will also give you a domain reseller account and cost-free billing software to bill your clients. You can then sell TLDs and shared hosting plans to clients, and since they offer lots of different domain extensions, you will be able to provide domain name and hosting services to individuals from all around the globe.