The World Wide Web is an ever-flourishing community that furnishes new possibilities to earn money on the Web. One of these possibilities is to become a domain reseller and sell domains to end users, earning profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered every day, and there are millions of currently functioning domain names, so this is an enlarging trading niche that you can be involved in.
TLDs and SLDs
A domain name is made of 2 components - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the top-level domain name and "domain" is the SLD.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic top-level domain names include the most conventional domain extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains are made of two-character abbreviations that correspond to 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, has a Registry - an organization that manages the registrations and determines the requirements that each particular Top-Level Domain may impose, including the duration of the registration period or the residency of the registrant. Certain Registrar corporations operate under the Registry. These are the firms that in fact sell the domain name to clients and handle all DNS resource records.
Gain Profit From Offering Domain Names
A lot of Registrars have reseller programs that allow individuals to make cash from offering domains to end customers. If you register with such a program, you can kick off your very own online business. Generally, a domain name will be cheaper if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end client. The explanation is that resellers can reach more individuals in local districts or states where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both parties will capitalize on that. Your profit will be the difference between the price that the client pays and the one that the Registrar imposes for the domain registration.
Sell Top-Level Domain Names On Behalf Of Your Own Personal Brand Name
When you subscribe to a domain name reseller program, you will obtain a CP where you can choose the prices for the specific Top-Level Domains that the Registrar provides. Most companies also offer billing transaction software and web templates for your online store, and the automation of the entire procedure together with the expanding demand for domain names make the domain reseller business so alluring. You will either have a ready-for-use site and avail of the Registrar platform to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can set up your own online portal and order form. Generally, you have the option to choose between the 2 alternatives, so it all revolves around how experienced you are in these matters. As a domain reseller, you will sell on behalf of your own trademark name and not under the Registrar's.
Make Money From Reselling Webspace Hosting Plans Too
A proper addition to your domain reseller business would be to sell web hosting packages too. In this way, you can give a package deal to individuals who would like to run their web page and need both a domain name and a web page hosting plan. Given firms supply 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-cost billing transaction software to bill your clients. You can then offer Top-Level Domains and shared hosting packages to customers, and since they offer lots of diverse domain name extensions, you will be able to offer domain and hosting services to clients from all around the world.