The World Wide Web is an ever-expanding platform that offers new options to gain cash on the Web. One of these ways is to become a domain name reseller and offer domain names to end users, making profit from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered each day, and there are 1 000 000's of currently active domain names, so this is a developing trading niche that you can be a part of.
TLDs and SLDs
A domain name contains two entities - a top-level domain name (TLD) and a second-level domain name (SLD). If we pick domain.com, for example, ".com" is the top-level domain name and "domain" is the SLD.
Generic and Country-Code TLDs
The TLDs can be generic or country code. The generic top-level domain names include the most famous domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs are made of two-letter abbreviations that signify each country. Examples of country-code Top-Level Domains are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic Top-Level Domain or a country-code Top-Level Domain, has a Registry - an organization that administers the registrations and sets the prerequisites that each given TLD may involve, among them the length of the registration period or the residency of the registrant. A number of Registrar corporations work under the Registry. These are the firms that in fact offer the domain name to clients and handle all domain resource records.
Gain Cash From Offering Domains
Plenty of Registrars have reseller programs that permit individuals to earn profit from selling domains to end users. If you sign up for such a program, you can initiate your very own online business. Regularly, a domain will be cheaper if it is registered through a reseller rather than if it is bought directly from the Registrar by an end customer. The explanation is that resellers can reach more clients in local regions or states where the Registrar may not be known whatsoever. This implies more sales for the Registrar, so both sides will make a profit from that. Your profit will be the difference between the price that the customer pays and the one that the Registrar imposes for the domain name registration.
Resell Domains Under Your Very Own Personal Trademark Name
When you sign up for a domain name reseller program, you will receive a webspace hosting CP where you can settle the prices for the individual TLDs that the Registrar offers. Most companies also offer billing management software and templates for your virtual shop, and the automation of the whole process coupled with the proliferating demand for domains make the domain name reseller market niche so alluring. You will either acquire a ready-for-use web site and avail of the Registrar system to sell domains, or they will grant you access to their API (Application Programming Interface) so that you can set up your own web portal and order form. Traditionally, you have the opportunity to decide between the two possibilities, so it all depends on how experienced you are in these matters. As a domain name reseller, you will operate under your very own personal brand name and not on behalf of the Registrar's.
Make Profit From Reselling Webspace Hosting Solutions Too
An excellent addition to your domain reseller business would be to sell web hosting solutions too. Thereby, you can offer a package deal to persons who want to make their website and need both a domain and a web hosting plan. A number of corporations provide such options. With 'ResellersPanel', for instance, you can buy a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and cost-free billing management software to bill your customers. You can then offer TLDs and shared website hosting plans to customers, and since they provide plenty of diverse domain extensions, you will be able to offer domain name and hosting services to people from all around the world.