The World Wide Web is an ever-flourishing platform that supplies new possibilities to make money on the Internet. One of these possibilities is to become a domain name reseller and sell domain names to end users, generating profit from the difference between the wholesale and the retail price of each and every domain name. 1000's of domain names are registered each day, and there are 1 000 000's of currently functioning domains, so this is a developing business niche that you can be involved in.
TLDs and SLDs
A domain name is composed of two parts - 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 name.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The generic Top-Level Domains include the most conventional domain extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs contain two-character abbreviations that correspond to each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a country-code Top-Level Domain, has a Registry - an organization that handles the registrations and determines the requirements that each particular top-level domain name may entail, such as the duration of the registration period or the citizenship of the registrant. Certain Registrar companies operate under the Registry. These are the companies that actually offer the domain name to customers and administer all domain name records.
Make Money From Trading Domain Names
Multiple Registrars have reseller programs that allow individuals to gain cash from offering domain names to end clients. If you register with such a program, you can commence your own personal e-business. As a rule, a domain name will cost less if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end user. The explanation is that resellers can contact more clients in provinces or countries where the Registrar may not be known whatsoever. This implies more sales for the Registrar, so both parties will make a profit from that. Your profit will be the difference between the price that the client pays and the one that the Registrar imposes for the domain name registration.
Sell Domains Under Your Very Own Personal Brand
When you sign up for a domain reseller program, you will acquire a web site hosting CP where you can settle the prices for the various TLDs that the Registrar provides. Most corporations also offer billing transaction software and site themes for your online storefront, and the automation of the entire procedure coupled with the increasing demand for domain names make the domain name reseller market so seductive. You will either acquire a pre-built web site and use the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can make your own personal web page and order form. Usually, you have the option to decide between the two options, so it all revolves around how expert you are in these affairs. As a domain reseller, you will do business on behalf of your own personal trademark name and not under the Registrar's brand.
Make Cash From Reselling Webspace Hosting Packages As Well
A proper addition to your domain reseller business would be to sell web hosting plans too. Thus, you can offer a package deal to people who wish to build their web site and need both a domain name and a webspace hosting package. A number of firms have such options. With 'ResellersPanel', for instance, you can have a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and free-of-charge invoice software to bill your customers. You can then sell domain names and shared web hosting plans to clients, and since they provide plenty of different domain extensions, you will be able to provide domain and hosting services to people from all over the globe.