The Internet is an ever-flourishing network that delivers new ways to earn money online. One of them is to be a domain name reseller and offer domain names to end users, making profit from the difference between the wholesale and the retail cost of each and every domain name. 1000's of domain names are registered each and every day, and there are millions of currently active domains, so this is an enlarging trading niche that you can become involved in.
Top-Level and Second-Level Domains Names
A domain consists of 2 parts - a top-level domain name (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for example, ".com" is the Top-Level Domain and "domain" is the second-level domain name.
Generic and Country-Code Top-Level Domain Names
The Top-Level Domains can be generic or country code. The generic top-level domain names include the most famous domain name extensions such as .com, .net, .org, .mobi, .info, while the ccTLDs contain two-character abbreviations that represent each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic top-level domain name or a country-code one, has a Registry - an organization that administers the registrations and sets the prerequisites that each concrete Top-Level Domain may include, like the duration of the registration period or the residency of the registrant. A number of Registrar corporations operate under the Registry. These are the corporations that in fact sell the domain name to clients and administer all DNS resource records.
Earn Profit From Offering Domain Names
Many Registrars have reseller programs that enable people to earn cash from offering domains to end clients. If you register with such a program, you can commence your own web business. Regularly, a domain will be cheaper if it is registered through a reseller rather than if it is obtained straight from the Registrar by an end client. The cause is that resellers can reach more customers in local districts or states where the Registrar may not be known at all. This means more sales for the Registrar, so both parties will profit from that. Your revenue will be the difference between the price that the user pays and the one that the Registrar imposes for the domain name registration.
Trade Top-Level Domains Under Your Very Own Personal Brand Name
When you subscribe to a domain reseller program, you will have a website hosting Control Panel where you can fix the prices for the various Top-Level Domains that the Registrar offers. Most corporations also offer billing transaction software and templates for your online store, and the automation of the entire procedure combined with the strong demand for domains make the domain reseller market niche so seductive. You will either have a pre-made website and use the Registrar system to resell domains, or they will give you access to their API (Application Programming Interface) so that you can set up your own web portal and order form. Commonly, you have the opportunity to choose between the 2 possibilities, so it all depends on how proficient you are in these issues. As a domain reseller, you will sell on behalf of your own brand name and not under the Registrar's.
Make Money From Reselling Hosting Accounts As Well
A reasonable addition to your domain reseller business would be to sell web hosting accounts too. In this way, you can offer a package deal to customers who wish to establish their web portal and demand both a domain and a site hosting plan. Given corporations provide such options. With 'ResellersPanel', for instance, you can order a Virtual Dedicated Server or a dedicated server, and they will also give you a domain reseller account and free-of-cost billing software to charge your clients. You can then sell domain names and shared website hosting plans to customers, and since they offer a lot of diverse domain name extensions, you will be able to offer domain and hosting services to clients from all around the globe.