The Internet is an ever-developing network that delivers new ways to gain money on the Web. One of these ways is to be a domain reseller and sell domains to end customers, gaining profit from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered each and every day, and there are millions of currently functioning domain names, so this is a growing business niche that you can be a part of.
Top-Level and Second-Level Domains
A domain consists of 2 parts - 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 name.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic TLDs include the most common domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains are made of two-letter abbreviations that denote 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 TLD or a country-code one, has a Registry - an organization that tackles the registrations and sets the preconditions that each concrete top-level domain name may entail, like the length of the registration period or the citizenship of the registrant. Certain Registrar firms operate under the Registry. These are the firms that actually sell the domain name to clients and manage all domain name records.
Make Money From Trading Domain Names
A lot of Registrars have reseller programs that permit individuals to earn money from selling domains to end customers. If you subscribe to such a program, you can kickstart your own web business. Commonly, 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 client. The explanation is that resellers can reach more individuals in provinces or countries where the Registrar may not be popular at all. This implies 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 levies for the domain registration.
Resell TLDs On Behalf Of Your Personal Trademark Name
When you register with a domain reseller program, you will receive a hosting Control Panel where you can determine the prices for the various Top-Level Domains that the Registrar provides. Most companies also offer invoicing transaction software and web page layouts for your online storefront, and the automation of the entire procedure coupled with the high demand for domains make the domain name reseller industry so desirable. You will either acquire a pre-built site and make use of the Registrar system to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can create your very own website and form for placing orders. Generally, you have the option to select between the two possibilities, so it all depends on how skillful you are in these issues. As a domain reseller, you will work on behalf of your very own personal brand name and not on behalf of the Registrar's.
Gain Money From Reselling Web Space Hosting Accounts As Well
A nice addition to your domain name reseller business would be to sell web hosting solutions too. Thereby, you can offer a package deal to individuals who desire to establish their web portal and demand both a domain name and a web space hosting package. Certain corporations furnish such options. With 'ResellersPanel', for instance, you can buy a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-cost invoicing software to charge your customers. You can then offer domain names and shared hosting plans to clients, and since they offer plenty of different domain name extensions, you will be able to offer domain and hosting services to clients from all around the world.