The Internet is an ever-growing platform that furnishes new opportunities to earn money on the Internet. One of these possibilities is to be a domain reseller and sell domain names to end clients, generating 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 currently functioning domain names, so this is an enlarging trading niche that you can become a part of.
TLDs and SLDs
A domain name involves two constituents - a Top-Level Domain (TLD) and a Second-Level Domain (SLD). If we take domain.com, for instance, ".com" is the top-level domain name and "domain" is the second-level domain name.
gTLDs and ccTLDs
The top-level domain names can be generic or country code. The generic top-level domain names include the most common domain extensions such as .com, .net, .org, .mobi, .info, whereas the country-code Top-Level Domains consist of 2-character abbreviations that symbolize each country. Examples of ccTLDs 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 tackles the registrations and sets the prerequisites that each concrete top-level domain name may have, such as the duration of the registration term or the residency of the registrant. A number of Registrar companies operate under the Registry. These are the companies that in fact offer the domain name to customers and manage all domain name records.
Make Profit From Trading Domain Names
Multiple Registrars have reseller programs that enable people to make revenue from offering domain names to end customers. If you subscribe to such a program, you can begin your own online business. As a rule, a domain will be cheaper if it is registered through a reseller rather than if it is obtained directly from the Registrar by an end user. The cause is that resellers can contact more users in local communities or states where the Registrar may not be popular at all. 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 client pays and the one that the Registrar imposes for the domain registration.
Resell Domains On Behalf Of Your Personal Trademark Name
When you subscribe to a domain name reseller program, you will have a web space hosting Control Panel where you can determine the prices for the different top-level domain names that the Registrar offers. Most corporations also offer invoice transaction software and web page templates for your online storefront, and the automation of the whole process combined with the great demand for domains make the domain reseller business so attractive. You will either receive a ready-to-use site and use the Registrar system to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can make your very own web site and order form. Typically, you have the opportunity to select between the two alternatives, so it all depends on how practiced you are in these things. As a domain name reseller, you will do business on behalf of your very own personal brand and not under the Registrar's.
Make Revenue From Providing Web Site Hosting Packages As Well
A logical addition to your domain reseller business would be to sell web hosting services as well. Thus, you can give a package deal to clients who desire to set up their web site and demand both a domain name and a web hosting account. A number of companies furnish such options. With 'ResellersPanel', for instance, you can purchase a VPS or a dedicated server, and they will also give you a domain reseller account and free billing management software to bill your clients. You can then offer TLDs and shared hosting packages to customers, and since they provide many diverse domain name extensions, you will be able to offer domain name and hosting services to people from all around the world.