The Internet is an ever-flourishing system that offers new options to gain money online. One of these possibilities is to be a domain reseller and offer domains to end customers, making profit from the difference between the wholesale and the retail price of each domain name. Thousands of domains are registered each day, and there are millions of currently functioning domain names, so this is a flourishing business niche that you can become involved in.
Top-Level and Second-Level Domains Names
A domain consists of 2 entities - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we pick domain.com, for instance, ".com" is the Top-Level Domain and "domain" is the SLD.
gTLDs and ccTLDs
The Top-Level Domains can be generic or country code. The generic Top-Level Domains comprise the most conventional domain extensions like .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains involve 2-letter abbreviations that symbolize each country. Examples of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each top-level domain name, whether it is a generic or a country-code top-level domain name, has a Registry - an organization that is responsible for the registrations and sets the preconditions that each concrete TLD may entail, such as the duration of the registration term or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the firms that actually offer the domain name to clients and manage all domain name records.
Gain Money From Trading Domains
Lots of Registrars have reseller programs that permit individuals to gain profit from offering domains to end users. If you subscribe to such a program, you can start your very own Internet business. As a rule, a domain name will be cheaper if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end customer. The reason is that resellers can reach more clients in provinces or states where the Registrar may not be known whatsoever. This means more sales for the Registrar, so both sides will profit from that. Your revenue will be the difference between the price that the user pays and the one that the Registrar requires for the domain registration.
Resell Domains On Behalf Of Your Personal Brand Name
When you subscribe to a domain reseller program, you will obtain a web page hosting CP where you can set the prices for the specific TLDs that the Registrar offers. Most firms also offer billing transaction software and website themes for your virtual store, and the automation of the entire process together with the strong demand for domain names render the domain reseller business niche so tempting. You will either have a ready-for-use website and utilize the Registrar system to sell domain names, or they will offer you access to their API (Application Programming Interface) so that you can build your own personal web page and order form. Commonly, you have the option to pick between the 2 possibilities, so it all depends on how advanced you are in these things. As a domain name reseller, you will do business under your own brand name and not on behalf of the Registrar's.
Gain Cash From Promoting Webspace Hosting Solutions As Well
A relevant addition to your domain reseller business would be to sell web hosting plans as well. In this way, you can offer a package deal to people who wish to have their web portal and require both a domain name and a site hosting package. Particular firms supply such options. With 'ResellersPanel', for example, you can run a Virtual Dedicated Server or a dedicated server, and they will also offer you a domain reseller account and free-of-cost billing management software to charge your customers. You can then sell TLDs and shared website hosting accounts to clients, and since they provide lots of diverse domain extensions, you will be able to offer domain name and hosting services to persons from all over the globe.