The World Wide Web is an ever-enlarging network that supplies new opportunities to earn cash online. One of these ways is to be a domain reseller and sell domains to end users, gaining profit from the difference between the wholesale and the retail price of each domain name. Thousands of domain names are registered each day, and there are 1 000 000's of currently active domain names, so this is a flowering trading niche that you can be involved in.
Top-Level and Second-Level Domains
A domain is made of two constituents - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the Second-Level Domain.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The gTLDs include the most common domain name extensions like .com, .net, .org, .mobi, .info, while the country-code top-level domain names comprise two-character abbreviations that stand for each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic TLD or a country-code top-level domain name, has a Registry - an institution that handles the registrations and determines the prerequisites that each concrete Top-Level Domain may impose, among them the length of the registration period or the citizenship of the registrant. Certain Registrar firms work under the Registry. These are the companies that in fact offer the domain name to customers and manage all domain name resource records.
Gain Profit From Trading Domains
Multiple Registrars have reseller programs that permit individuals to earn profit from selling domains to end users. If you subscribe to such a program, you can establish your own personal Internet business. Regularly, a domain will be more inexpensive if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end user. The cause is that resellers can reach more customers in provinces or states where the Registrar may not be known at all. This implies more sales for the Registrar, so both sides will take advantage of that. Your revenue will be the difference between the price that the user pays and the one that the Registrar charges for the domain registration.
Trade TLDs Under Your Own Personal Brand
When you subscribe to a domain reseller program, you will get a web site hosting CP where you can settle the prices for the specific Top-Level Domains that the Registrar offers. Most corporations also offer invoice transaction software and site themes for your online storefront, and the automation of the entire process coupled with the growing demand for domains render the domain reseller business so seductive. You will either acquire a ready-for-use website and utilize the Registrar platform to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can create your very own portal and order form. Traditionally, you have the option to select between the 2 alternatives, so it all depends on how accomplished you are in these matters. As a domain name reseller, you will sell under your own brand name and not on behalf of the Registrar's.
Earn Revenue From Selling Web Site Hosting Solutions As Well
A relevant supplement to your domain reseller business would be to sell web hosting solutions too. In this way, you can give a package deal to clients who would like to build their web portal and demand both a domain name and a hosting package. Given firms offer such options. With 'ResellersPanel', for example, you can order a Virtual Server or a dedicated server, and they will also give you a domain name reseller account and free-of-charge invoicing transaction software to bill your clients. You can then sell domain names and shared web hosting plans to clients, and since they provide a lot of diverse domain extensions, you will be able to offer domain name and hosting services to people from all around the world.