The World Wide Web is an ever-increasing system that furnishes new options to earn cash on the Internet. One of them is to be a domain name reseller and offer domains to end customers, making profit from the difference between the wholesale and the retail price of each domain name. 1000's of domain names are registered each and every day, and there are 1 000 000's of presently active domains, so this is a flowering trading niche that you can be engaged in.
TLDs and SLDs
A domain name is composed of two parts - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the Top-Level Domain 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 gTLDs include the most common domain name extensions such as .com, .net, .org, .mobi, .info, whereas the country-code top-level domain names are composed of two-letter 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 gTLD or a country-code TLD, has a Registry - an organization that is responsible for the registrations and sets the prerequisites that each given TLD may include, such as the duration of the registration term or the residency of the registrant. A number of Registrar companies work under the Registry. These are the firms that in fact sell the domain name to clients and handle all DNS resource records.
Earn Cash From Selling Domains
Many Registrars have reseller programs that enable people to gain revenue from offering domain names to end customers. If you subscribe to such a program, you can kick off your very own personal e-business. As a rule, a domain name will cost less if it is registered through a reseller rather than if it is bought directly from the Registrar by an end client. The explanation is that resellers can reach more persons in regional districts or states where the Registrar may not be popular whatsoever. This implies more sales for the Registrar, so both parties will cash in on that. Your revenue will be the difference between the price that the user pays and the one that the Registrar levies for the domain registration.
Sell Domain Names Under Your Personal Brand Name
When you sign up for a domain reseller program, you will have a web site hosting CP where you can choose the prices for the separate top-level domain names that the Registrar provides. Most firms also provide billing transaction software and themes for your online shop, and the automation of the whole procedure together with the enormous demand for domain names make the domain name reseller business so seductive. You will either have a ready-made website and utilize the Registrar platform to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can make your own personal web page and order form. Generally, you have the option to choose between the two options, so it all depends on how expert you are in these things. As a domain name reseller, you will do business under your own personal brand name and not on behalf of the Registrar's brand.
Make Cash From Supplying Website Hosting Plans Too
An adequate supplement to your domain name reseller business would be to sell web hosting services as well. Thus, you can give a package deal to individuals who wish to run their online portal and demand both a domain and a web page hosting package. A number of corporations provide such options. With 'ResellersPanel', for example, you can buy a Virtual Server or a dedicated server, and they will also offer you a domain reseller account and free invoicing transaction software to charge your clients. You can then sell TLDs and shared web hosting accounts to clients, and since they offer many diverse domain name extensions, you will be able to offer domain name and hosting services to customers from all around the globe.