The World Wide Web is an ever-developing platform that supplies new options to gain money on the Internet. One of these possibilities is to become a domain reseller and offer domains to end users, generating revenue from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domains are registered each day, and there are 1 000 000's of presently functioning domain names, so this is a developing trading niche that you can be 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 (SLD). If we take domain.com, for instance, ".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 most famous domain extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains contain two-character abbreviations that denote 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 ccTLD, has a Registry - an organization that is responsible for the registrations and sets the prerequisites that each specific TLD may entail, such as the length of the registration term or the citizenship of the registrant. A number of Registrar companies operate under the Registry. These are the corporations that actually offer the domain name to clients and manage all domain resource records.
Gain Profit From Reselling Domains
Lots of Registrars have reseller programs that allow people to gain revenue from selling domain names to end users. If you sign up for such a program, you can set up your own e-business. Commonly, a domain will cost less if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end user. The reason is that resellers can reach more customers in local communities or states where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both sides will earn a profit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar charges for the domain name registration.
Offer Top-Level Domains On Behalf Of Your Very Own Trademark Name
When you subscribe to a domain reseller program, you will have a Control Panel where you can choose the prices for the different top-level domain names that the Registrar provides. Most companies also offer invoice transaction software and design layouts for your web shop, and the automation of the entire process coupled with the big demand for domain names render the domain reseller market so seductive. You will either obtain a pre-developed site and avail of the Registrar platform to resell domain names, or they will give you access to their API (Application Programming Interface) so that you can make your own online portal and order form. Commonly, you have the opportunity to select between the two options, so it all revolves around how proficient you are in these matters. As a domain reseller, you will do business under your own personal brand and not on behalf of the Registrar's brand.
Earn Cash From Promoting Web Site Hosting Solutions Too
A reasonable supplement to your domain name reseller business would be to sell web hosting accounts as well. Thus, you can give a package deal to people who wish to manage their site and need both a domain name and a website hosting account. A number of corporations offer such options. With 'ResellersPanel', for example, you can manage a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and charge-free invoicing transaction software to charge your clients. You can then sell Top-Level Domains and shared website hosting plans to customers, and since they provide a lot of diverse domain name extensions, you will be able to offer domain and hosting services to users from all over the globe.