The World Wide Web is an ever-developing network that offers new options to gain cash online. One of these options is to become a domain reseller and offer domain names to end users, earning revenue from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domains are registered each day, and there are 1 000 000's of currently active domain names, so this is a blossoming trading niche that you can be engaged in.
Top-Level and Second-Level Domains Names
A domain comprises 2 entities - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic top-level domain names include the most conventional domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names consist of two-letter abbreviations that correspond to each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a country-code Top-Level Domain, has a Registry - an institution that manages the registrations and sets the preconditions that each concrete TLD may involve, including the duration of the registration term or the citizenship of the registrant. A number of Registrar companies work under the Registry. These are the firms that in fact offer the domain name to customers and handle all domain resource records.
Earn Money From Selling Domains
Numerous Registrars have reseller programs that enable individuals to earn profit from selling domains to end customers. If you register with such a program, you can launch your own web business. Commonly, a domain will cost less if it is registered through a reseller rather than if it is purchased straight from the Registrar by an end client. The cause is that resellers can reach more persons in regional communities or states where the Registrar may not be famous at all. This means more sales for the Registrar, so both sides will benefit from that. Your revenue will be the difference between the price that the user pays and the one that the Registrar levies for the domain registration.
Sell Domains Under Your Personal Brand
When you subscribe to a domain reseller program, you will acquire a web page hosting CP where you can fix the prices for the various top-level domain names that the Registrar provides. Most firms also offer invoice software and website skins for your online shop, and the automation of the whole procedure coupled with the vast demand for domains make the domain name reseller industry so attractive. You will either receive a pre-made web site and utilize the Registrar platform to resell domain names, or they will offer you access to their API (Application Programming Interface) so that you can build your very own personal online portal and order form. Traditionally, you have the option to pick between the 2 options, so it all depends on how trained you are in these affairs. As a domain name reseller, you will work on behalf of your very own personal brand name and not under the Registrar's brand.
Gain Profit From Supplying Web Page Hosting Packages Too
A proper addition to your domain name reseller business would be to sell web hosting plans as well. Thus, you can offer a package deal to people who wish to run their web portal and demand both a domain and a site hosting account. A few firms offer such options. With 'ResellersPanel', for example, you can buy a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and charge-free invoice management software to charge your customers. You can then offer domains and shared web hosting plans to customers, and since they offer plenty of diverse domain extensions, you will be able to provide domain and hosting services to clients from all over the world.