The World Wide Web is an ever-growing platform that furnishes new possibilities to gain money on the Internet. One of these ways is to be a domain reseller and sell domain names to end users, generating revenue 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 active domains, so this is a blooming trading niche that you can become engaged in.
TLDs and SLDs
A domain consists of two constituents - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the TLD and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic TLDs comprise the most conventional domain extensions like .com, .net, .org, .mobi, .info, while the country-code Top-Level Domains involve 2-letter abbreviations that represent each country. Examples of ccTLDs are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic top-level domain name or a ccTLD, has a Registry - an organization that deals with the registrations and sets the preconditions that each concrete top-level domain name may impose, like the duration of the registration term or the citizenship of the registrant. Certain Registrar companies work under the Registry. These are the companies that in fact sell the domain name to clients and manage all domain records.
Gain Cash From Trading Domain Names
Numerous Registrars have reseller programs that enable individuals to make profit from selling domain names to end clients. If you subscribe to such a program, you can commence your own personal e-business. Usually, a domain will be cheaper if it is registered via a reseller rather than if it is obtained directly from the Registrar by an end customer. The explanation is that resellers can reach more people in areas or states where the Registrar may not be famous whatsoever. This implies more sales for the Registrar, so both parties will take advantage of that. Your revenue will be the difference between the price that the customer pays and the one that the Registrar charges for the domain registration.
Trade Top-Level Domain Names Under Your Personal Trademark Name
When you subscribe to a domain reseller program, you will acquire a web site hosting CP where you can select the prices for the separate Top-Level Domains that the Registrar offers. Most firms also offer invoice software and web site layouts for your online store, and the automation of the whole process combined with the enormous demand for domains render the domain reseller market niche so attractive. You will either acquire a turn-key website and use the Registrar platform to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can build your own personal online portal and form for placing orders. Commonly, you have the option to choose between the two possibilities, so it all depends on how accomplished you are in these matters. As a domain name reseller, you will sell on behalf of your own personal brand and not under the Registrar's brand.
Earn Revenue From Selling Web Page Hosting Accounts As Well
An adequate addition to your domain reseller business would be to sell web hosting plans as well. Thereby, you can offer a package deal to persons who want to make their site and demand both a domain name and a site hosting plan. Some firms offer such options. With 'ResellersPanel', for example, you can order a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and cost-free billing software to bill your customers. You can then sell Top-Level Domains and shared web hosting packages to customers, and since they offer a lot of diverse domain name extensions, you will be able to provide domain and hosting services to customers from all around the world.