The Internet is an ever-increasing platform that offers new ways to make money on the Web. One of them is to become a domain name reseller and offer domain names to end customers, gaining profit from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered each day, and there are millions of currently functioning domains, so this is an enlarging trading niche that you can be engaged in.
TLDs and SLDs
A domain contains two parts - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic TLDs include the most common domain extensions such as .com, .net, .org, .mobi, .info, while the country-code top-level domain names contain two-letter abbreviations that denote each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic or a country-code Top-Level Domain, has a Registry - an institution that handles the registrations and sets the preconditions that each particular TLD may include, among them the duration of the registration period or the citizenship of the registrant. A number of Registrar corporations operate under the Registry. These are the firms that in fact offer the domain name to clients and handle all domain records.
Make Money From Offering Domains
A lot of Registrars have reseller programs that enable individuals to earn revenue from offering domain names to end users. If you subscribe to such a program, you can begin your own online business. Usually, a domain name will be cheaper if it is registered via a reseller rather than if it is purchased directly from the Registrar by an end customer. The explanation is that resellers can contact more persons in regional districts or states where the Registrar may not be known whatsoever. This implies more sales for the Registrar, so both sides will cash in on that. Your revenue will be the difference between the price that the client pays and the one that the Registrar charges for the domain name registration.
Trade Top-Level Domains On Behalf Of Your Own Personal Brand
When you sign up for a domain name reseller program, you will acquire a web hosting CP where you can determine the prices for the individual Top-Level Domains that the Registrar provides. Most corporations also offer invoicing transaction software and design themes for your web store, and the automation of the whole process together with the big demand for domain names render the domain reseller market niche so alluring. You will either acquire a ready-to-use web site and make use of the Registrar platform to resell domains, or they will give you access to their API (Application Programming Interface) so that you can set up your very own site and order form. Commonly, you have the option to pick between the 2 possibilities, so it all revolves around how proficient you are in these issues. As a domain reseller, you will do business under your own personal brand and not on behalf of the Registrar's.
Make Revenue From Selling Site Hosting Accounts As Well
An adequate addition to your domain name reseller business would be to sell web hosting solutions as well. Thus, you can give a package deal to people who would like to create their web portal and demand both a domain and a web hosting plan. A few firms supply such options. With 'ResellersPanel', for example, you can buy a VPS or a dedicated server, and they will also offer you a domain reseller account and free invoice transaction software to charge your clients. You can then offer Top-Level Domains and shared website hosting plans to clients, and since they provide a lot of different domain extensions, you will be able to provide domain and hosting services to customers from all over the world.