The Internet is an ever-developing system that supplies new ways to make money on the Internet. One of these options is to be a domain reseller and offer domains to end customers, making revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered every day, and there are millions of presently active domains, so this is an enlarging trading niche that you can be involved in.
TLDs and SLDs
A domain name includes two entities - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The TLDs can be generic or country code. The generic Top-Level Domains include the most conventional domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code TLDs involve two-character abbreviations that symbolize each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a gTLD or a country-code one, has a Registry - an organization that deals with the registrations and sets the requirements that each concrete TLD may impose, including the length of the registration term or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the corporations that actually sell the domain name to clients and administer all DNS resource records.
Make Cash From Offering Domain Names
Multiple Registrars have reseller programs that permit people to earn cash from selling domain names to end clients. If you register with such a program, you can commence your own Internet business. Regularly, a domain will be cheaper if it is registered through a reseller rather than if it is bought straight from the Registrar by an end customer. The reason is that resellers can contact more customers in local communities or countries where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both sides will cash in on that. Your profit will be the difference between the price that the customer pays and the one that the Registrar requires for the domain name registration.
Sell Top-Level Domains Under Your Personal Brand
When you register with a domain reseller program, you will get a website hosting Control Panel where you can fix the prices for the specific TLDs that the Registrar offers. Most corporations also offer invoice management software and website skins for your online shop, and the automation of the entire process coupled with the strong demand for domains make the domain name reseller industry so desirable. You will either have a turn-key site and make use of the Registrar platform to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can build your very own online portal and order form. Usually, you have the opportunity to decide between the two alternatives, so it all depends on how expert you are in these matters. As a domain reseller, you will work under your very own personal brand name and not under the Registrar's brand.
Gain Profit From Selling Web Space Hosting Plans As Well
A suitable supplement to your domain reseller business would be to sell web hosting services too. Thereby, you can give a package deal to clients who wish to launch their site and demand both a domain name and a web site hosting package. A few firms offer such options. With 'ResellersPanel', for instance, you can have a VPS or a dedicated server, and they will also give you a domain reseller account and cost-free invoice transaction software to bill your customers. You can then offer domain names and shared web hosting plans to customers, and since they offer lots of diverse domain extensions, you will be able to provide domain name and hosting services to individuals from all around the globe.