The Internet is an ever-increasing system that generates new possibilities to gain cash on the Internet. One of these opportunities is to be a domain reseller and sell domains to end users, earning profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domains are registered each and every day, and there are 1 000 000's of currently active domain names, so this is an expanding trading niche that you can become a part of.
TLDs and SLDs
A domain is made of two constituents - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the top-level domain name and "domain" is the SLD.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The gTLDs comprise the best known domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs are made of 2-letter abbreviations that signify each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic TLD or a country-code top-level domain name, has a Registry - an organization that deals with the registrations and sets the prerequisites that each specific TLD may entail, including the duration of the registration term or the residency of the registrant. A number of Registrar corporations operate under the Registry. These are the corporations that in fact sell the domain name to customers and handle all domain records.
Earn Money From Offering Domain Names
Numerous Registrars have reseller programs that enable people to gain cash from offering domain names to end clients. If you sign up for such a program, you can initiate your own e-business. Normally, a domain will be more inexpensive if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end customer. The explanation is that resellers can reach more users in local districts or states where the Registrar may not be known whatsoever. 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 client pays and the one that the Registrar charges for the domain registration.
Resell TLDs Under Your Own Personal Trademark Name
When you sign up for a domain reseller program, you will obtain a website hosting CP where you can settle the prices for the separate Top-Level Domains that the Registrar provides. Most corporations also provide billing software and design templates for your virtual shop, and the automation of the whole procedure coupled with the rising demand for domains render the domain reseller industry so alluring. You will either receive a pre-built site and use the Registrar system to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can make your own personal online portal and order form. Normally, you have the option to decide between the 2 alternatives, so it all depends on how practiced you are in these issues. As a domain reseller, you will do business under your personal trademark name and not on behalf of the Registrar's brand.
Gain Money From Promoting Website Hosting Services As Well
A sensible supplement to your domain reseller business would be to sell web hosting packages too. Thus, you can offer a package deal to people who want to manage their website and demand both a domain name and a web page hosting account. Given firms supply such options. With 'ResellersPanel', for example, you can run a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-charge invoicing transaction software to charge your customers. You can then offer domain names and shared hosting plans to customers, and since they provide a lot of diverse domain extensions, you will be able to offer domain and hosting services to individuals from all around the globe.