The Internet is an ever-increasing network that supplies new options to gain money on the Web. One of these possibilities is to become a domain reseller and sell domain names to end users, generating profit from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered every day, and there are millions of currently active domain names, so this is a thriving marketing niche that you can be engaged in.
TLDs and SLDs
A domain name contains 2 entities - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic TLDs include the most conventional domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains consist of 2-letter abbreviations that symbolize each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic top-level domain name or a country-code one, has a Registry - an organization that tackles the registrations and sets the preconditions that each given top-level domain name may entail, including the length of the registration term or the citizenship of the registrant. Certain Registrar companies work under the Registry. These are the companies that in fact offer the domain name to clients and handle all DNS resource records.
Gain Profit From Trading Domain Names
Numerous Registrars have reseller programs that enable people to make cash from selling domain names to end clients. If you register with such a program, you can build your own personal Internet business. Usually, a domain name will cost less if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end user. The explanation is that resellers can contact more customers in local regions or states where the Registrar may not be popular at all. This implies more sales for the Registrar, so both sides will make a profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar levies for the domain name registration.
Offer Domain Names Under Your Personal Trademark Name
When you subscribe to a domain name reseller program, you will acquire a web hosting Control Panel where you can select the prices for the various Top-Level Domains that the Registrar offers. Most firms also provide billing management software and web site templates for your virtual shop, and the automation of the whole process together with the flourishing demand for domain names make the domain name reseller business so alluring. You will either acquire a turn-key web site and use the Registrar platform to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can make your own site and order form. Traditionally, you have the option to decide between the two possibilities, so it all revolves around how proficient you are in these things. As a domain reseller, you will sell on behalf of your very own personal brand name and not under the Registrar's.
Earn Cash From Promoting Webspace Hosting Services As Well
A relevant addition to your domain name reseller business would be to sell web hosting services too. In this way, you can give a package deal to clients who would like to build their web site and require both a domain and a web hosting account. Some firms provide such options. With 'ResellersPanel', for example, you can run a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and free-of-charge invoicing transaction software to charge your clients. You can then sell domains and shared website hosting packages to customers, and since they provide many different domain name extensions, you will be able to provide domain and hosting services to people from all around the world.