The World Wide Web is an ever-enlarging platform that offers new possibilities to earn cash online. One of them is to be a domain reseller and offer domain names to end clients, generating revenue from the difference between the wholesale and the retail price of each and every domain name. 1000's of domains are registered each day, and there are millions of currently active domain names, so this is a thriving trading niche that you can be involved in.
Top-Level and Second-Level Domains Names
A domain name comprises 2 components - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for instance, ".com" is the TLD and "domain" is the SLD.
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 famous domain extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names consist of 2-letter abbreviations that denote each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a gTLD or a country-code one, has a Registry - an institution that deals with the registrations and sets the prerequisites that each specific TLD may entail, among them the duration of the registration period or the citizenship of the registrant. Certain Registrar corporations operate under the Registry. These are the corporations that in fact offer the domain name to clients and manage all DNS resource records.
Gain Cash From Reselling Domain Names
A lot of Registrars have reseller programs that permit individuals to earn revenue from offering domains to end customers. If you subscribe to such a program, you can kick off your own electronic business. Generally, a domain will be cheaper if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end user. The explanation is that resellers can reach more individuals in local communities or countries where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both sides will cash in on 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.
Offer Domains On Behalf Of Your Very Own Personal Trademark Name
When you register with a domain reseller program, you will obtain a CP where you can set the prices for the various Top-Level Domains that the Registrar provides. Most corporations also offer invoice software and web skins for your web store, and the automation of the entire process coupled with the enormous demand for domain names render the domain name reseller market so alluring. You will either obtain a ready-for-use website and use the Registrar system to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can create your own personal web site and order form. Traditionally, you have the option to pick between the two alternatives, so it all revolves around how experienced you are in these affairs. As a domain reseller, you will operate on behalf of your personal trademark name and not on behalf of the Registrar's.
Make Revenue From Providing Site Hosting Packages Too
A perfect addition to your domain reseller business would be to sell web hosting packages as well. Thus, you can offer a package deal to users who want to have their site and require both a domain and a site hosting package. Some companies have such options. With 'ResellersPanel', for instance, you can manage a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-charge invoice transaction software to charge your customers. You can then offer TLDs and shared hosting plans to clients, and since they offer a lot of diverse domain extensions, you will be able to offer domain name and hosting services to people from all around the globe.