The World Wide Web is an ever-increasing community that supplies new ways to make cash on the Internet. One of them is to be a domain reseller and offer domain names to end users, generating profit from the difference between the wholesale and the retail cost of each domain name. Thousands of domain names are registered each day, and there are millions of currently functioning domain names, so this is an increasing trading niche that you can become engaged in.
TLDs and SLDs
A domain comprises two 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 name and "domain" is the SLD.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic TLDs include the most widely used domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs contain two-letter abbreviations that represent each country. Instances of country-code top-level domain names 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 name, has a Registry - an institution that handles the registrations and determines the requirements that each particular TLD may impose, such as the duration of the registration period or the residency of the registrant. Certain Registrar firms work under the Registry. These are the companies that actually offer the domain name to customers and manage all DNS records.
Earn Money From Offering Domain Names
Many Registrars have reseller programs that allow individuals to make cash from offering domain names to end customers. If you subscribe to such a program, you can start your very own personal web business. Generally, a domain will be more inexpensive if it is registered through a reseller rather than if it is bought directly from the Registrar by an end customer. The explanation is that resellers can contact more persons in provinces or countries where the Registrar may not be popular at all. This means more sales for the Registrar, so both parties will take advantage of that. Your profit will be the difference between the price that the client pays and the one that the Registrar levies for the domain name registration.
Trade Top-Level Domain Names On Behalf Of Your Very Own Personal Trademark Name
When you register with a domain reseller program, you will receive a website hosting CP where you can choose the prices for the specific top-level domain names that the Registrar offers. Most companies also provide billing transaction software and web site skins for your online shop, and the automation of the whole process coupled with the increasing demand for domains make the domain name reseller business so desirable. You will either have a pre-built web site and utilize the Registrar platform to resell domain names, or they will grant you access to their API (Application Programming Interface) so that you can create your very own website and form for placing orders. Generally, you have the option to select between the two options, so it all depends on how experienced you are in these things. As a domain name reseller, you will work on behalf of your own personal brand name and not under the Registrar's brand.
Gain Money From Supplying Site Hosting Services Too
An adequate supplement to your domain name reseller business would be to sell web hosting accounts too. Thereby, you can offer a package deal to people who would like to make their website and require both a domain name and a web space hosting plan. Certain companies provide such options. With 'ResellersPanel', for example, you can run a Virtual Private Server or a dedicated server, and they will also offer you a domain name reseller account and cost-free billing software to bill your customers. You can then offer domains and shared hosting accounts to customers, and since they provide many diverse domain name extensions, you will be able to provide domain name and hosting services to individuals from all around the globe.