The World Wide Web is an ever-increasing network that generates new options to earn money on the Internet. One of these possibilities is to be a domain name reseller and sell domains to end clients, generating profit from the difference between the wholesale and the retail cost of each domain name. 1000's of domains are registered every day, and there are 1 000 000's of presently active domains, so this is a flourishing trading niche that you can become a part of.
Top-Level and Second-Level Domains
A domain name includes 2 parts - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the TLD and "domain" is the SLD.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The generic top-level domain names include the most famous domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains involve 2-letter abbreviations that signify each country. Instances of ccTLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic TLD or a country-code top-level domain name, has a Registry - an organization that tackles the registrations and sets the requirements that each given TLD may involve, among them the duration of the registration term or the citizenship of the registrant. A number of Registrar companies operate under the Registry. These are the corporations that actually sell the domain name to customers and manage all domain name records.
Gain Cash From Reselling Domains
A lot of Registrars have reseller programs that permit people to gain cash from selling domain names to end customers. If you register with such a program, you can build your own personal web business. Normally, a domain will be more inexpensive if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end client. The cause is that resellers can reach more customers in regional communities or states where the Registrar may not be popular at all. This means more sales for the Registrar, so both sides will earn a profit from that. Your profit 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 Own Personal Brand
When you register with a domain reseller program, you will acquire a web hosting CP where you can determine the prices for the different top-level domain names that the Registrar offers. Most companies also offer billing management software and web site templates for your web storefront, and the automation of the entire process combined with the strong demand for domains render the domain name reseller market so seductive. You will either have a ready-to-use website and avail of the Registrar system to sell domains, or they will give you access to their API (Application Programming Interface) so that you can create your very own web site and form for placing orders. Typically, you have the option to choose between the 2 options, so it all depends on how practiced you are in these matters. As a domain reseller, you will do business under your very own personal brand name and not under the Registrar's brand.
Make Cash From Supplying Webspace Hosting Accounts As Well
A relevant addition to your domain reseller business would be to sell web hosting accounts too. Thus, you can offer a package deal to persons who would like to make their online portal and require both a domain and a web hosting package. A few corporations furnish such options. With 'ResellersPanel', for instance, you can manage a VPS or a dedicated server, and they will also offer you a domain name reseller account and cost-free invoice software to charge your clients. You can then offer domains and shared website hosting accounts to customers, and since they offer many diverse domain name extensions, you will be able to offer domain name and hosting services to customers from all over the globe.