The Internet is an ever-enlarging platform that delivers new possibilities to make money on the Web. One of these opportunities is to be a domain name reseller and sell domain names to end users, making revenue from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domains are registered each day, and there are millions of presently active domain names, so this is a flourishing trading niche that you can become a part of.
Top-Level and Second-Level Domains
A domain includes two entities - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
Generic and Country-Code Top-Level Domain Names
The TLDs can be generic or country code. The generic TLDs include the most widely used domain extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs are composed of two-letter abbreviations that stand for each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic Top-Level Domain or a country-code one, has a Registry - an organization that is responsible for the registrations and sets the preconditions that each particular top-level domain name may involve, including the length of the registration period or the citizenship of the registrant. A number of Registrar firms work under the Registry. These are the companies that in fact sell the domain name to customers and administer all DNS records.
Gain Money From Reselling Domains
Numerous Registrars have reseller programs that permit people to gain cash from selling domains to end users. If you register with such a program, you can initiate your very own Internet business. As a rule, a domain name will be cheaper if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end customer. The explanation is that resellers can reach more persons in regional communities or countries where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both sides will take advantage of that. Your profit will be the difference between the price that the client pays and the one that the Registrar imposes for the domain name registration.
Trade Top-Level Domain Names Under Your Personal Brand
When you sign up for a domain reseller program, you will have a web space hosting CP where you can determine the prices for the various TLDs that the Registrar offers. Most companies also offer invoice transaction software and site skins for your online store, and the automation of the entire process combined with the immense demand for domain names make the domain name reseller business so desirable. You will either get a pre-built site and avail of the Registrar system to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can set up your own site and form for placing orders. Typically, you have the option to pick between the two alternatives, so it all depends on how skillful you are in these issues. As a domain reseller, you will sell under your own personal trademark name and not under the Registrar's.
Earn Cash From Promoting Site Hosting Solutions As Well
A nice addition to your domain reseller business would be to sell web hosting packages as well. Thus, you can offer a package deal to individuals who want to have their web portal and need both a domain name and a hosting account. Certain companies offer such options. With 'ResellersPanel', for instance, you can purchase a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and free-of-charge invoice software to bill your clients. You can then sell Top-Level Domains and shared hosting accounts to customers, and since they offer many different domain name extensions, you will be able to offer domain and hosting services to people from all around the globe.