The World Wide Web is an ever-expanding network that delivers new ways to earn cash on the Internet. One of these opportunities is to become a domain reseller and offer domains to end users, earning profit from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered every day, and there are millions of currently active domain names, so this is an expanding trading niche that you can become engaged in.
Top-Level and Second-Level Domains
A domain comprises 2 constituents - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the SLD.
Generic and Country-Code Top-Level Domains
The Top-Level Domains can be generic or country code. The generic top-level domain names comprise the most widely used domain name extensions such as .com, .net, .org, .mobi, .info, whereas the ccTLDs consist of two-letter abbreviations that correspond to each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic TLD or a country-code TLD, has a Registry - an institution that administers the registrations and sets the prerequisites that each particular top-level domain name may have, including the length of the registration period or the residency of the registrant. Certain Registrar companies operate under the Registry. These are the firms that in fact sell the domain name to clients and manage all domain name resource records.
Earn Money From Reselling Domains
Multiple Registrars have reseller programs that allow individuals to make cash from offering domains to end customers. If you register with such a program, you can build your very own personal online business. Generally, a domain will be cheaper if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end client. The reason is that resellers can contact more customers in regional communities or states where the Registrar may not be known whatsoever. This implies more sales for the Registrar, so both parties will cash in on that. Your profit will be the difference between the price that the user pays and the one that the Registrar charges for the domain registration.
Sell Domains Under Your Personal Brand
When you sign up for a domain reseller program, you will have a webspace hosting CP where you can fix the prices for the various top-level domain names that the Registrar offers. Most companies also offer invoice software and web design themes for your web storefront, and the automation of the whole procedure together with the flourishing demand for domain names make the domain name reseller business so alluring. You will either get a pre-made web site and use the Registrar platform to resell domains, or they will offer you access to their API (Application Programming Interface) so that you can set up your own personal web page and order form. Commonly, you have the option to select between the two possibilities, so it all depends on how skilled you are in these things. As a domain name reseller, you will operate under your very own personal trademark name and not on behalf of the Registrar's.
Earn Cash From Selling Hosting Solutions Too
A perfect supplement to your domain name reseller business would be to sell web hosting services too. Thus, you can offer a package deal to people who would like to set up their web page and require both a domain and a hosting package. A few companies supply such options. With 'ResellersPanel', for example, you can buy a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and free invoicing transaction software to charge your clients. You can then offer TLDs and shared hosting accounts to clients, and since they provide plenty of diverse domain extensions, you will be able to provide domain name and hosting services to people from all over the globe.