The Internet is an ever-growing community that provides new opportunities to make money online. One of these ways is to be a domain reseller and sell domains to end customers, generating revenue from the difference between the wholesale and the retail cost of each and every domain name. Thousands of domains are registered each and every day, and there are millions of presently functioning domain names, so this is an enlarging trading niche that you can become a part of.
TLDs and SLDs
A domain name involves two pieces - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic top-level domain names include the most famous domain extensions like .com, .net, .org, .mobi, .info, whereas the ccTLDs include two-letter abbreviations that stand for each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic or a ccTLD, has a Registry - an institution that deals with the registrations and sets the preconditions that each specific top-level domain name may entail, among them the duration of the registration period or the citizenship of the registrant. Certain Registrar firms operate under the Registry. These are the firms that in fact offer the domain name to clients and administer all domain records.
Gain Revenue From Selling Domain Names
Many Registrars have reseller programs that permit people to gain money from selling domains to end users. If you register with such a program, you can launch your own personal electronic business. Typically, a domain will be more inexpensive if it is registered via a reseller rather than if it is bought directly from the Registrar by an end customer. The reason is that resellers can contact more individuals in local districts or countries where the Registrar may not be famous at all. This implies more sales for the Registrar, so both parties will benefit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar requires for the domain registration.
Resell Domains On Behalf Of Your Very Own Trademark Name
When you subscribe to a domain name reseller program, you will acquire a CP where you can settle the prices for the different Top-Level Domains that the Registrar provides. Most firms also provide invoice transaction software and design layouts for your virtual storefront, and the automation of the whole procedure coupled with the swelling demand for domains make the domain name reseller industry so tempting. You will either have a pre-made site and utilize the Registrar system to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can build your very own web page and order form. Typically, you have the opportunity to select between the two possibilities, so it all revolves around how experienced you are in these matters. As a domain name reseller, you will operate under your own trademark name and not on behalf of the Registrar's brand.
Gain Revenue From Providing Web Site Hosting Solutions Too
A reasonable supplement to your domain name reseller business would be to sell web hosting plans too. Thereby, you can offer a package deal to people who desire to build their online portal and require both a domain name and a site hosting package. Some corporations supply such options. With 'ResellersPanel', for example, you can run a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain name reseller account and free-of-charge invoicing software to charge your customers. You can then sell top-level domain names and shared website hosting packages to customers, and since they offer many diverse domain extensions, you will be able to provide domain and hosting services to people from all around the globe.