The Internet is an ever-increasing community that offers new ways to gain money on the Web. One of these options is to be a domain name reseller and sell domains to end clients, earning profit from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domain names are registered each day, and there are 1 000 000's of currently functioning domain names, so this is a flourishing trading niche that you can become a part of.
TLDs and SLDs
A domain name is made of 2 parts - 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 and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The generic top-level domain names comprise the most widespread domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names comprise 2-letter abbreviations that symbolize each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic or a country-code top-level domain name, has a Registry - an institution that administers the registrations and sets the requirements that each specific top-level domain name may have, including the duration of the registration term or the residency of the registrant. Certain Registrar corporations work under the Registry. These are the firms that actually offer the domain name to clients and handle all DNS resource records.
Make Profit From Selling Domains
Lots of Registrars have reseller programs that enable people to gain profit from offering domain names to end customers. If you register with such a program, you can begin your very own personal web business. Regularly, a domain will cost less if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end client. The reason is that resellers can reach more people in provinces or states where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both parties will profit from that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar levies for the domain registration.
Sell Top-Level Domain Names Under Your Own Brand
When you subscribe to a domain reseller program, you will obtain a web page hosting Control Panel where you can fix the prices for the individual Top-Level Domains that the Registrar provides. Most companies also provide billing transaction software and design templates for your online shop, and the automation of the whole process combined with the great demand for domain names render the domain name reseller business so tempting. You will either obtain a ready-for-use website and utilize the Registrar platform to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can create your own website and order form. Traditionally, you have the opportunity to choose between the 2 possibilities, so it all depends on how experienced you are in these matters. As a domain name reseller, you will do business on behalf of your personal brand name and not on behalf of the Registrar's.
Earn Revenue From Supplying Web Space Hosting Packages Too
A reasonable addition to your domain name reseller business would be to sell web hosting accounts too. Thus, you can give a package deal to clients who desire to establish their online portal and demand both a domain name and a web page hosting account. Certain firms furnish such options. With 'ResellersPanel', for instance, you can purchase a Virtual Server or a dedicated server, and they will also offer you a domain name reseller account and charge-free invoice software to charge your customers. You can then offer domain names and shared web hosting plans to customers, and since they offer many different domain extensions, you will be able to provide domain name and hosting services to individuals from all around the world.