The World Wide Web is an ever-increasing platform that furnishes new ways to earn cash on the Internet. One of these ways is to be a domain reseller and sell domains to end customers, earning revenue from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domain names are registered every day, and there are millions of currently active domain names, so this is a growing trading niche that you can be engaged in.
TLDs and SLDs
A domain name involves two constituents - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The TLDs can be generic or country code. The gTLDs comprise the most common domain extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names consist of two-character abbreviations that symbolize each country. Instances of country-code TLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a country-code Top-Level Domain, has a Registry - an institution that is responsible for the registrations and determines the requirements that each specific TLD may entail, like the length of the registration period or the residency of the registrant. A number of Registrar firms operate under the Registry. These are the companies that in fact offer the domain name to customers and administer all DNS resource records.
Gain Profit From Selling Domains
A lot of Registrars have reseller programs that enable individuals to earn money from selling domain names to end clients. If you subscribe to such a program, you can establish your very own electronic business. Commonly, a domain name will cost less if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end user. The cause is that resellers can reach more persons in regions or states where the Registrar may not be popular at all. This means more sales for the Registrar, so both sides will take advantage of that. Your profit will be the difference between the price that the user pays and the one that the Registrar charges for the domain registration.
Resell Domain Names On Behalf Of Your Very Own Personal Trademark Name
When you subscribe to a domain reseller program, you will have a web space hosting CP where you can settle the prices for the different Top-Level Domains that the Registrar offers. Most firms also offer invoice transaction software and site skins for your virtual shop, and the automation of the entire procedure combined with the increasing demand for domain names make the domain reseller business niche so attractive. You will either have a pre-built website and utilize the Registrar platform to sell domains, or they will give you access to their API (Application Programming Interface) so that you can set up your very own personal web portal and form for placing orders. Usually, you have the option to pick between the two options, so it all depends on how experienced you are in these affairs. As a domain reseller, you will do business on behalf of your own brand name and not on behalf of the Registrar's.
Gain Cash From Promoting Webspace Hosting Plans Too
An excellent addition to your domain name reseller business would be to sell web hosting solutions too. Thereby, you can offer a package deal to users who want to establish their web page and demand both a domain and a web hosting plan. Given firms provide such options. With 'ResellersPanel', for example, you can run a Virtual Private Server or a dedicated server, and they will also give you a domain reseller account and free-of-charge invoicing software to bill your customers. You can then sell domain names and shared hosting accounts to customers, and since they provide many different domain name extensions, you will be able to provide domain name and hosting services to users from all around the world.