The World Wide Web is an ever-developing platform that generates new opportunities to make money on the Web. One of them is to become a domain name reseller and offer domain names to end clients, making profit from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domain names are registered each and every day, and there are 1 000 000's of currently functioning domains, so this is a blooming trading niche that you can become a part of.
Top-Level and Second-Level Domains
A domain name is made of 2 entities - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic top-level domain names comprise the most famous domain extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs are made of two-character abbreviations that denote each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic top-level domain name or a country-code TLD, has a Registry - an organization that handles the registrations and determines the preconditions that each concrete top-level domain name may impose, including the length of the registration term or the citizenship of the registrant. A number of Registrar corporations work under the Registry. These are the companies that in fact sell the domain name to customers and administer all DNS records.
Make Cash From Trading Domain Names
Many Registrars have reseller programs that enable people to gain revenue from offering domain names to end clients. If you sign up for such a program, you can initiate your very own personal e-business. Commonly, a domain will be cheaper if it is registered via a reseller rather than if it is purchased straight from the Registrar by an end user. The cause is that resellers can reach more users in local regions or countries where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both sides will make a profit from that. Your profit will be the difference between the price that the user pays and the one that the Registrar levies for the domain registration.
Offer Domain Names On Behalf Of Your Own Personal Brand
When you subscribe to a domain name reseller program, you will obtain a web space hosting CP where you can set the prices for the different top-level domain names that the Registrar offers. Most firms also provide invoice software and web design themes for your online storefront, and the automation of the whole process combined with the rising demand for domains render the domain reseller market niche so tempting. You will either get a pre-made website and use the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can create your own personal site and form for placing orders. Typically, you have the opportunity to select between the 2 options, so it all revolves around how accomplished you are in these things. As a domain reseller, you will sell on behalf of your own brand and not on behalf of the Registrar's brand.
Earn Revenue From Trading Web Space Hosting Plans Too
A good supplement to your domain reseller business would be to sell web hosting services as well. Thereby, you can give a package deal to clients who desire to develop their website and demand both a domain and a site hosting plan. Given corporations supply such options. With 'ResellersPanel', for example, you can manage a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-charge invoice transaction software to bill your clients. You can then offer domain names and shared website hosting packages to clients, and since they provide many diverse domain name extensions, you will be able to offer domain name and hosting services to clients from all around the world.