The Internet is an ever-expanding system that offers new ways to earn cash on the Internet. One of these opportunities is to become a domain reseller and offer domains to end clients, gaining revenue from the difference between the wholesale and the retail cost of each domain name. Thousands of domains are registered each day, and there are millions of currently active domain names, so this is a blooming trading niche that you can become a part of.
TLDs and SLDs
A domain name involves 2 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 and "domain" is the SLD.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic TLDs comprise the most widespread domain extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names contain two-letter abbreviations that stand for 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 generic TLD or a country-code TLD, has a Registry - an organization that handles the registrations and sets the requirements that each particular TLD may contain, including the duration of the registration term or the residency of the registrant. Certain Registrar firms operate under the Registry. These are the companies that actually sell the domain name to customers and manage all domain records.
Earn Money From Offering Domains
Multiple Registrars have reseller programs that permit people to gain money from offering domain names to end clients. If you subscribe to such a program, you can set up your own online business. Regularly, a domain name will be more inexpensive 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 reach more clients in regional districts or states where the Registrar may not be famous at all. This means more sales for the Registrar, so both parties will take advantage of that. Your revenue will be the difference between the price that the user pays and the one that the Registrar imposes for the domain name registration.
Trade Top-Level Domain Names Under Your Very Own Trademark Name
When you sign up for a domain reseller program, you will receive a webspace hosting CP where you can select the prices for the different Top-Level Domains that the Registrar provides. Most companies also provide billing transaction software and web layouts for your online store, and the automation of the entire procedure coupled with the enormous demand for domains render the domain reseller business so seductive. You will either obtain a ready-for-use site and use 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 personal web page and form for placing orders. Traditionally, you have the option to decide between the 2 possibilities, so it all revolves around how skillful you are in these matters. As a domain reseller, you will do business under your very own brand name and not under the Registrar's brand.
Gain Money From Trading Web Space Hosting Accounts Too
A sensible addition to your domain name reseller business would be to sell web hosting accounts too. Thereby, you can give a package deal to customers who want to make their site and require both a domain name and a website hosting account. A number of firms supply 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 reseller account and cost-free invoice transaction software to bill your customers. You can then offer TLDs and shared website hosting accounts to clients, and since they provide many diverse domain extensions, you will be able to provide domain and hosting services to individuals from all over the world.