The Internet is an ever-developing network that supplies new possibilities to make cash on the Internet. One of them is to become a domain reseller and sell domain names to end clients, earning 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 1 000 000's of presently active domains, so this is an enlarging trading niche that you can be engaged in.
TLDs and SLDs
A domain consists of 2 entities - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code Top-Level Domain Names
The top-level domain names can be generic or country code. The generic Top-Level Domains include the most popular domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs include 2-character abbreviations that signify each country. Instances of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic TLD or a country-code top-level domain name, has a Registry - an institution that administers the registrations and determines the prerequisites that each specific top-level domain name may include, among them the length of the registration term or the residency of the registrant. A number of Registrar firms operate under the Registry. These are the corporations that in fact sell the domain name to customers and manage all domain name records.
Gain Money From Trading Domains
Many Registrars have reseller programs that enable people to gain money from offering domains to end users. If you sign up for such a program, you can initiate your very own electronic business. Typically, a domain name will be cheaper if it is registered through a reseller rather than if it is purchased directly from the Registrar by an end customer. The cause is that resellers can contact more users in regional districts or countries where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both sides will take advantage of that. Your profit will be the difference between the price that the customer pays and the one that the Registrar requires for the domain name registration.
Trade Top-Level Domain Names On Behalf Of Your Personal Brand
When you register with a domain name reseller program, you will get a site hosting Control Panel where you can select the prices for the separate TLDs that the Registrar offers. Most corporations also offer invoice software and web site themes for your web store, and the automation of the entire process combined with the flourishing demand for domain names make the domain name reseller business so tempting. You will either acquire a pre-made web site and utilize the Registrar system to sell domain names, or they will give you access to their API (Application Programming Interface) so that you can make your own website and order form. Normally, you have the opportunity to pick between the 2 options, so it all depends on how experienced you are in these things. As a domain name reseller, you will do business on behalf of your very own personal brand and not under the Registrar's.
Make Money From Promoting Website Hosting Solutions As Well
A perfect addition to your domain name reseller business would be to sell web hosting solutions too. Thereby, you can give a package deal to people who wish to build their web portal and require both a domain and a web site hosting account. Particular corporations offer such options. With 'ResellersPanel', for example, you can manage a VPS or a dedicated server, and they will also give you a domain name reseller account and free invoice management software to charge your customers. You can then sell domains and shared website hosting plans to customers, and since they provide a lot of diverse domain extensions, you will be able to offer domain name and hosting services to users from all around the globe.