The World Wide Web is an ever-flourishing platform that offers new options to make cash on the Internet. One of these ways is to be a domain reseller and sell domain names to end customers, generating revenue from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domains are registered every day, and there are millions of presently functioning domain names, so this is an expanding trading niche that you can become involved in.
TLDs and SLDs
A domain involves 2 entities - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".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 top-level domain names comprise the most conventional domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains contain 2-letter abbreviations that symbolize each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a country-code TLD, has a Registry - an organization that administers the registrations and sets the prerequisites that each given top-level domain name may involve, 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 in fact offer the domain name to clients and handle all domain name records.
Make Profit From Selling Domains
Multiple Registrars have reseller programs that enable individuals to make profit from offering domain names to end customers. If you subscribe to such a program, you can initiate your very own personal e-business. Normally, a domain will be more inexpensive if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end client. The cause is that resellers can contact more clients in local communities or countries where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both parties will benefit from 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.
Trade TLDs Under Your Personal Trademark Name
When you sign up for a domain name reseller program, you will receive a web hosting CP where you can determine the prices for the separate TLDs that the Registrar offers. Most companies also offer invoice management software and web page skins for your web store, and the automation of the entire procedure coupled with the rising demand for domains make the domain name reseller industry so alluring. You will either receive a ready-for-use website 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 build your own personal site and form for placing orders. Generally, you have the option to pick between the two possibilities, so it all revolves around how trained you are in these matters. As a domain name reseller, you will work on behalf of your own brand and not on behalf of the Registrar's.
Earn Revenue From Promoting Web Space Hosting Packages As Well
A nice addition to your domain name reseller business would be to sell web hosting plans too. Thereby, you can give a package deal to users who desire to build their web page and require both a domain name and a web page hosting plan. Given companies supply such options. With 'ResellersPanel', for instance, you can order a VPS or a dedicated server, and they will also give you a domain reseller account and free invoicing transaction software to charge your customers. You can then offer Top-Level Domains and shared website hosting accounts to customers, and since they provide lots of diverse domain extensions, you will be able to provide domain name and hosting services to persons from all around the world.